Strategy Highlights:

Investment grade holdings
Typically neutral duration risk
US domiciled securities held
Typically 15-20 securities
Benchmark: Lehman Aggregate Index

o surprises dominates our theme for fixed income. Our conservative fixed income portfolios are designed to outperform a target index, while assuming less risk than the general market. The building blocks of our process are: sector, duration and individual security selection. We anticipate beneficial participation in rising markets, and downside protection in declining markets.

The Cutler Core Bond strategy is designed for principle preservation. We invest into investment grade securities, with below market risk. In addition, we seek to capture opportunities where we believe the market mispriced securities. This value approach limits duration risk and seeks to create total return through our proprietary fundamental analysis.