Fixed Income Management

Investment Process Overview: Portfolio Construction & Maintenance

Subject to client guidelines and available securities, holdings are consistent across portfolios

Risk is controlled by:

• Constraining duration
  
  
• Investing in investment grade, dollar-denominated securities
  
  
• Maintaining adequate security and sector diversification
  
  
• Thoroughly analyzing credit and structural risk

We continuously analyze the market and client portfolios for:

• Alternative securities
  
  
• Interest rate risk
  
  
• Yield curve opportunities