Our philosophy in managing intermediate fixed income accounts is to add value above a benchmark index utilizing U.S. Governments and Agencies, high quality corporate bonds, and mortgage-backed securities within a duration band of 75% to 125% of the benchmark index.

We emphasize corporate bonds within our intermediate fixed income portfolios to capture the performance advantage that corporates have historically achieved over governments and mortgages. In addition, through yield curve and yield spread strategies, we identify other attractive sector and issue opportunities among Governments, Agencies and mortgage-backed securities. This approach minimizes market timing and emphasizes attractive sector and issue spread opportunities within the universe of fixed income securities we utilize.

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