Fixed Income

Floating Rate Diversified Income Strategy
The Floating Rate Diversified Income Strategy seeks to generate current income and total return with emphasis on limiting price volatility and interest rate risk through very short duration. It invests primarily in higher quality floating rate assets across diverse sectors of fixed income, including bonds, loans and index products. The investment team combines fundamental research with its proprietary asset-level and portfolio-level quantitative analytics to deliver long term performance. Its time-tested risk management framework seeks to mitigate price volatility through stringent controls on default, interest rate, correlation and liquidity risks. The strategy can be customized to meet an investor’s return target, risk preference and liability schedule.

Target Duration: Under 1 .00

Liquid Cash Strategy
The Liquid Cash Strategy seeks to deliver stable income and significant daily liquidity with very low fluctuations in NAV. The strategy has a “near 2a-7” risk profile, with slightly broader guidelines to achieve greater diversification and reduce correlation. With an established fixed-income platform, the investment manager is able to operate at a low expense ratio to deliver material yield advantage over a traditional 2a-7 fund. Its time tested risk management framework provides stringent controls over credit and liquidity risks.  The strategy can be customized to meet an investor’s return target, risk preference and liability schedule.

Target WAM: 45-60 days

Enhanced Cash Strategy
The Enhanced Cash Strategy seeks to deliver stable income and moderate daily liquidity with low fluctuations in NAV. The strategy has a “2a-7 plus” risk profile, with broader guidelines to achieve greater yield and diversification. With an established fixed-income platform, the investment manager is able to operate at a low expense ratio to deliver yield advantage over a traditional 2a-7 fund. Its time tested risk management framework provides stringent controls over credit and liquidity risks. The strategy can be customized to meet an investor’s return target, risk preference and liability schedule.

Target WAM: 90-120 days

Strategic Cash Strategy
The Strategic Cash Strategy seeks to deliver stable income and moderate daily liquidity with moderate fluctuations in NAV. The strategy expands on the Enhanced Cash guidelines to achieve greater yield while maintaining a low risk of principal loss. While the strategy can provide daily liquidity, it is designed for more stable, planned cash. With an established fixed-income platform, the investment manager is able to operate at a low expense ratio to deliver yield advantage over comparable strategies at the same level of risk. Its time tested risk management framework provides stringent controls over credit and liquidity risks. The strategy can be customized to meet an investor’s return target, risk preference and liability schedule.

Target WAM: 12 month WAM

Opportunistic Sector Strategy
The Opportunistic Sector Strategy seeks to capture value caused by dislocations within sectors where CPIM possesses specialized expertise. These are opportunities where CPIM expects significant asymmetric payoff (limited downside risk with significantly greater upside potential) caused by credit, interest rate, liquidity and/or regulation driven volatility. This strategy is offered when such opportunities exist and investments are reduced or returned when opportunities are diminished.