Objective and Approach

The Strategy seeks enhanced income and total returns primarily in high grade US taxable bonds. The Strategy is designed for investors seeking yield and total returns from a portfolio of carefully selected bonds from financially strong issuers.

Portfolio Construction

• +/- 25 bonds per portfolio.
• AA to A target average rating
• BBB minimum rating
• +/- 3 years duration versus benchmark

Flexible Investment Grade Portfolio

With a flexible mandate, the Strategy searches for yield opportunities across the spectrum of investment grade bonds:

• Investment grade corporate bonds
• Investment grade tax-exempt and taxable municipal bonds
• Investment grade mortgage-backed securities
• US Treasury, Government, and Agency securities
• Other high-quality fixed income instruments