Bonds are a vehicle for clients seeking an income stream for their portfolio with less volatility than stocks. To manage risk, we generally invest in bonds with a maximum maturity of 12 years.

Key Elements

• Provide an attractive level of income
• Reduce interest rate risks
• High quality issues
• Enhance returns by taking advantage of distorted values
• Monitor credit quality

Fixed Income Selection Process

• Quality is most important 
  • Keeps credit risk low
• Duration
  • Use short/intermediate term bonds-reduce principal risk
• Yield spreads
  • Take advantage of market inefficiencies
• Sector Opportunity
  • Emphasize the most attractive valuation