Portfolios are constructed with U.S. Government securities. Primary consideration is given to numerous and diverse value-adding opportunities using duration management, yield curve positioning, sector allocation and security selection. We can and do make major shifts in our sector allocations to take advantage of short-term market conditions. Duration is closely managed to 75-125 percent of the benchmark, which allows us to take advantage of opportunities while managing volatility.
| Inception Date | October 1, 2003 |
| Assets Under Management (in millions) | $496.60 |
| Investment Style | Core |
| Maturity | Short-Intermediate (3 to 7 years) |
| Decision Making | Sector/Spread Analysis |
| Benchmark | Barclays U.S. Int. Govt. Bond Index |
| Short Intermediate Government | Barclays U.S. Int. Govt. Bond Index | |
|---|---|---|
| Duration | 3.0 yrs | 3.8 yrs |
| Current Yield | 2.0% | 2.0% |
| Number of Holdings | 65 | 525 |
| Sharpe Ratio | 1.0 | N/A |
| 10 Yr Annualized Standard Deviation | 1.8% | 2.3% |
| Alpha | 0.4% | N/A |
| Beta | 0.7 | 1.00 |
| Short Intermediate Government | |
|---|---|
| Corporates | 0.70 |
| Treasury | 45.00 |
| Agency MBS | 31.50 |
| Agency Debentures | 18.50 |
| Cash | 5.00 |