Accounts in the Money Market Composite invest in high-quality short-term money market instruments including assets subject to repurchase agreements. | |||
Accounts in the Ultra Short Composite invest primarily in fixed and variable rate mortgage-related investments, debt securities issued or guaranteed by the U.S. Government, its agencies and instrumentalities, asset-backed securities (ABS), and investment grade corporate debt securities. Accounts seek to maintain a duration similar to that of a 1-year U.S. Treasury Note but not to exceed that of a 2-year U.S. Treasury note. |
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Accounts in the Ultra Short Mortgage Composite invest primarily in mortgage-related investments. Accounts seek to maintain a duration similar to that of a 1-year U.S. Treasury Note but not to exceed that of a 2-year U.S. Treasury note. |
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Accounts in the Short U.S. Government Composite invest in high-quality assets, primarily issued or guaranteed by the U.S. Government, its agencies or instrumentalities. Accounts typically maintain a duration range of 1 to 3 years. |
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Accounts in the Intermediate Composite invest in a broad range of fixed income securities, and typically remains within a duration range of 2.5 to 4 years. |
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Accounts in the Intermediate Mortgage Composite invest primarily in mortgage-related investments paing fixed or variable rates of interest. Accounts typically maintain a duration range of 2 to 4 years. |
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Accounts in the Core Bond Composite invest in a broad range of fixed income securities. |
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Accounts in the U.S. Government Composite invest primarily in mortgage-backed securities guaranteed directly by the United States or issued or guaranteed by U.S. Government Agencies or instrumentalities. Accounts maintain a duration range of between 2 to 6 years. |
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Accounts in the Large-Cap Core Equity Composite seek capital appreciation by investing in a diversified portfolio of equity securities consisting primarily of securities of U.S.-based companies whose growth, cash flow, earnings and dividend prospects are promising and whose securities are reasonably priced. |
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Accounts in the Large-Cap Value Composite invest in equity securities of financially sound companies with market capitalizations in excess of $1 billion that offer prospects for significant earnings or dividend growth relative to their market prices. |
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