Investment Approach

• The portfolio seeks to provide a high level of income with fluctuations in principal value consistent with those of a traditional low duration portfolio.
• Utilizes a diversified multi-sector approach to seek to provide investors with consistent returns over a market cycle while minimizing volatility.
• Seeks to add value primarily through sector rotation, individual security selection, and term structure positioning.
• Integrate proprietary credit and capital market research to identify market inefficiencies.
• Structurally overweight invesment grade credit sectors as yield has historically played a much larger role than price appreciation in generating excess returns.
• Aims to exploit market inefficiencies through opportunistic trading conducted by specialized teams.