Ultra Short-Term Income

 Portfolio Characteristics: 

The strategy invests in low duration fixed income investments such as Government and Corporate credit instruments. During favorable equity market environments the portfolio may contain short-duration corporate bonds and US government notes. Less favorable conditions would denote higher weightings to government notes, short-term inflation protected instruments and floating-rate notes.

 Objectives: 

The Ultra Short-Term Income Strategy is designed to produce current income consistent with an emphasis on capital preservation and liquidity. Over longer-term holding periods of 3-5 years, the strategy attempts to offer superior inflation-adjusted returns against other short-term income producing investments.