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 |