Our investment process utilizes four tools:

1. Duration/Maturity Management
Our duration management strategy begins by working with the client and consultant to determine the appropriate level of maturity risk and a benchmark index. We will structure the duration of the portfolio within a defined band of the benchmark index based on our assessment of the value in the fixed income markets. Typically, we pay close attention to yields in excess of inflation, believing that this “real yield” is a primary barometer of value for bond investors.

2. Yield Curve Analysis
The yield curve presents investors with opportunities to add value by concentrating or dispersing holdings across the maturity spectrum. Once the duration of the portfolio is set, we use our ongoing analysis of the yield curve to determine where the most return can be achieved for the least amount of risk. By recognizing times of opportunity and deploying investments properly, we can add incremental price return when the yield curve changes shape.

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