CASH
CASH MANAGEMENT
This is an actively managed strategy that seeks long-term capital appreciation, income generation and daily liquidity by investing in varying short-term, low-risk fixed income securities (U.S. treasuries/agencies, commercial paper, structured products and overnight deposits). Portfolios in this strategy typically have an average credit quality rating of A-1 and are measured against the BofA Merrill Lynch 0-3 Month U.S. Treasury Bill Index.
INVESTMENT GRADE BONDS
INTERMEDIATE GOVERNMENT/CREDIT
This is an actively managed investment grade bond strategy that applies a combination of top-down macroeconomic analysis and bottom-up fundamental research in seeking long-term capital appreciation, income generation and daily liquidity. Portfolios in this strategy typically have an overall average credit quality of AA-/AA3, an average duration range of 2-6 years and are measured against the Bloomberg Barclays Intermediate US Govt/Credit Index.