Short Term Taxable Fixed Income

Investment Objective
The investment objective of this product is to minimize downside risk in any environment and maintain consistent quarterly total returns over a short-term investment horizon. The firm seeks to satisfy future operating or liability funding requirements in the most efficient present value terms within the client’s investment risk constraints. The firm employs a value-oriented comprehensive portfolio management approach which blends together the investment techniques of active duration management, market sector rotation and undervalued security selection. Portfolio security selection is primarily focused on investment grade fixed income obligations.

Instruments
• U.S. Treasury debt obligations
• U.S. Agency debt obligations
• Investment grade corporate debt obligations
• Mortgage and asset backed debt obligations

Benchmark
Merrill Lynch 1 – 3 Year Maturity U.S. Treasury Bond Market Index