investment STRATEGIES
cash management
Objectives
Provide the highest possible return in excess of bank deposits and money market accounts while minimizing the risk to principal
Stability of income and principal
Strategy Advantages
Tailored approach – Match client needs with respect to portfolio structure and liquidity requirements
Optimizing income – Improved yield versus money market fund solutions
Time efficiency – Outsourced advantage of a 48-year-old firm with state-of-the-industry electronic trading capabilities
100% Treasury Cash
Equivalents strategy
100% Treasury Cash Equivalents
Portfolio Details
Allocation – 100% U.S. Treasuries
Average maturity – Less than one year
Benchmark – U.S. Treasury Bills
Benefits
No credit risk - backed by full faith and credit of the United States government
Maximum maturity one year, at least 25% matures within 90 days
Maximum liquidity and minimum interest rate risk
No $250,000 FDIC maximum unlike CDs
Updated annually. Data as of January 1, 2024.
1-3 Year Government/
Credit Cash Management strategy
1-3 Year Government/Credit
Portfolio Details
Allocation – Blend of U.S. Treasuries and high-quality investment-grade corporate bonds (single ‘A’ or better)
Average maturity – 1-to-3 years
Duration – ~1.9 years
Benchmark – BofA 1-3 US Year Treasury Index
Benefits
Increased yield opportunity versus all government bonds
5% maximum weight per corporate bond issuer
100% daily liquidity
Maximum maturity three years, at least 25% maturing within one year
Updated annually. Data as of January 1, 2024.