Portfolios are constructed with high quality; U.S. dollar-denominated securities rated investment grade or better at time of purchase. We give primary consideration to diverse, value-adding opportunities for you by 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 no more than 125% of the benchmark which allows us to take advantage of opportunities while managing volatility.
| Inception Date | January 1, 2000 |
| Assets Under Management (in millions) | $148.90 |
| Investment Style | Core |
| Maturity | Short (1-5 years) |
| Decision Making | Sector/Spread Analysis |
| Benchmark | BofA Merrill Lynch 1-5 Year US Corp/Gov |
| Short Term Investment Grade Fixed Income | BofA Merrill Lynch 1-5 Year US Corp/Gov | |
|---|---|---|
| Average Credit Quality | Aa1 | Aa1 |
| Duration | 2.7 yrs | 2.7 yrs |
| Current Yield | 2.2% | 2.0% |
| Number of Holdings | 98 | 4156 |
| Average Turnover | 51.4% | N/A |
| Sharpe Ratio | 1.9 | N/A |
| 10 Yr Annualized Standard Deviation | 1.1% | 1.4% |
| Alpha | 1.0% | N/A |
| Beta | 0.5 | 1.0 |
| Short Term Investment Grade Fixed Income | BofA Merrill Lynch 1-5 Year US Corp/Gov | |
|---|---|---|
| Governments | 30.70 | 65.50 |
| Asset-Backed | 21.30 | 0.00 |
| Mortgage-Backed | 29.60 | 0.70 |
| Corporates | 11.70 | 33.50 |
| Taxable Municipals | 0.80 | 0.30 |
| Cash | 6.00 | 0.00 |