Objectives

• CAM corporate bond portfolios are managed to
  maximize total return over a full market cycle
• Portfolios are managed to preserve capital
  during market declines
• Portfolios are managed to reduce
  interest rate risk
• Portfolios are managed to reduce volatility,
  producing superior risk adjusted total returns
• Trading network with over 30 institutional
  broker/dealers optimizes availability and pricing
  

Strategies

• A “Value” style is employed; interest rate
  anticipation is not employed Seasoned
  portfolios are fully invested
• Portfolio maturity and duration are maintained
  in the intermediate range
• Portfolios are broadly diversified by issuer
  and industry
• Illiquid and volatile issues are avoided;
  investment in emerging market and non-dollar
  denominated securities is prohibited
  

Client Benefits

• Superior long term total returns
• High cash flow
• Reduced interest rate sensitivity
• Excellent risk/reward relationship