Mutual Funds

• Seeks a high level of income and capital appreciation.
• Interest rate risk management
• Broadly diversified by industry and issuer while maintaining exposure to investment grade fixed income securities¹
• Bottom-up security selection process, with an emphasis on a company’s industry position, management quality, cash flow characteristics, asset protection and quality, liquidity and covenants.
• Portfolio is generally invested in securities with a maturity of 1 to 5 years
• USD denominated corporate bonds only; no leverage or derivatives used

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.