Strategy Objective

This strategy is actively managed with principal focus on duration risk, sector weightings, security selection and yield curve positioning.

The objective is to outperform the index, net of fees, over an interest rate cycle.

Allowable Securities

US Treasury securities, US Agency securities, US Agency mortgage backed securities, and US Dollar denominated Investment Grade Corporate securities. Individual issues must be rated A or above by one of the major rating agencies at the time of purchase.   Average maturity of the portfolio will range from 5 to 10 years.  Average quality of the portfolio will be maintained at AA.


Bloomberg Barclays U.S. Intermediate Government Credit Index

Duration Range

3.5 to 4.5 years

Representative Portfolio Characteristics as of 06/30/2020

Quality Distribution

  • AAA
  • AA
  • A
  • BBB

Quality distribution and sector weightings are subject to change and should not be considered a recommendation to buy or to sell any security. Actual portfolio characteristics will vary.

Sector Allocation

  • Government
  • Mortgage Backed
  • Industrial
  • Financial
  • Utility
  • CASH