U.S. GOV'T TAXABLE FIXED INCOME

 

Investment Objective

The portfolio’s objective is to provide clients with competitive market performance results without taking on undue market risk or exposure.

Investment Philosophy and Approach

Gov’t Taxable Fixed Income portfolios are constructed using Government issued or Agency backed bonds with durations ranging from 30 days to 10 years.  The average duration window of a fully constructed portfolio ranges between two and five years.  Position sizes are capped at 10% per issue and typically average between 3%-5%.  The issuer exposure limit is 10% in the case of Government Agency issues not backed by the full faith and credit of the U.S. Government.  Bonds are typically held to maturity.  An emphasis is placed on liquidity. No derivative or structured product is used and extension risk is carefully monitored at all times.  Due to the extreme liquidity and size of the asset class/universe client portfolios can be highly customized to meet specific goals, objectives and liquidity events.