Limited Duration

 

 

Objective	Maximize income and return relative to other short-term alternatives, while minimizing principal fluctuations.
Management Style	Actively manage a combination of value-oriented, short-term strategies to capture maturity, credit, and liquidity premiums.
Maturity/Duration	Average 1-2 years
Benchmark	Merrill Lynch 1-3 year Treasury
Quality	Investment grade securities only. Average quality of A/A or better.
Primary Sectors	Corporates, Treasuries, Agencies, Mortgages, Asset-backed Securities