Investment Approach

• Focus primarily on investment-grade, U.S. corporate bonds, with the ability to integrate non-index sectors and securities in a measured fashion.
• Integrate proprietary credit and capital market research to identify market inefficiencies.
• Seeks to add value primarily through individual security selection, sector rotation, and capital structure positioning.
• Manage portfolio duration in a prudent fashion, typically within a +/- 10% band around the benchmark.
• The investment process places a strong emphasis on risk management practices and portfolio diversification to manage the overall risk profile.