Our philosophy in managing
corporate bond accounts is to capture the historic performance
advantage of corporate bonds and to add value above our
benchmark index utilizing high quality issues within a
narrow duration band. This approach minimizes market timing
and emphasizes attractive sector and issue spread opportunities
within the corporate bond market universe.
Corporate bonds also offer opportunities to utilize different
bond structures, which may enhance yields substantially
and at the same time decrease overall portfolio risk.
We believe our process will, over time, add substantial
value over the appropriate index.
