Mutual Funds

• Seeks a high level of income consistent with preservation of capital and liquidity.
• Interest rate risk management
• Broadly diversified by sector, industry and issuer while maintaining exposure to investment grade fixed income securities¹
• Strategies in asset allocation, industry and sector weightings, security selection and duration, and term-structure management are critical to generating excess returns
• Portfolio is primarily invested in securities with a duration of 0 to 3 years
• Investments typically include USD denominated corporate bonds, mortgage-backed and asset-backed securities, and US government and government agency securities

¹Investment grade fixed-income securities are rated in the four highest credit categories (AAA, AA, A, BBB, or an equivalent rating) by at least one nationally recognized rating agency.