Overview

The Intermediate Fixed strategy is a fixed income investment management strategy that seeks to provide a total return in excess of the Bloomberg Intermediate Government/Credit Index. Excess return is achieved primarily through sector rotation and security selection. The strategy manages risk through issue diversification. Portfolio duration is managed in line with the benchmark. Portfolios — when permitted by client guidelines — will invest in non-benchmark sectors opportunistically.

Risk Controls

• Typical Corporate holding represents 1% or less of the Total Market Value
• Duration is generally limited to ±10% of the index
• Weekly stress testing
• Pricing – portfolio marked daily
• Performance monitored daily

Portfolio Management

Key Investment Personnel