• Smooth Ride with Downside Protection
• Superior Risk-adjusted Return

INVESTMENT FOCUS

• Intermediate Term Bonds
• Multi-sector Bond Diversification
• Investment Grade - 80%
• Below Investment Grade - 20%

INVESTMENT PHILOSOPHY

• Total Return Focus
• Risk Reward Profile Aware
• Team Managed
• Highly Diversified

INVESTMENT PROCESS

• Bottom-Up Selection
• Relative Values
• Fundamental Analysis
• Macro View

RESEARCH PROCESS

• Fundamental Analysis
• Bottom-up Selection
• Qualitative and Quantitative Screening
• Collaboration Across Sector Teams

PORTFOLIO CONSTRUCTION

• Diversified
• Benchmark Aware
• Team Based Process
• Diversified

RISK CONTROL

• Volatility Management
• Scenario Analysis
• Correlation Trend Across Sectors