| INCOME-PLUS Approach: | |
| Security types: | Individual Bonds, ETFs, and Institutional class mutual funds. |
| Style: | Investment Grade Quality with Laddered Maturities as well as tactical positions in specific fixed income sectors (including international and emerging markets) when appropriate |
| Asset Selection: | Bonds are selected based upon liquidity, yield, maturity, independent ratings, and strong company fundamentals |
| Diversification: | Normally, multiple domestic economic sectors as defined by S&P are represented as well as international and emerging markets positions when appropriate |
| Composition: | The portfolio typically consists of 5 to 15 individual bond issues as well as various international and emerging market ETFs and mutual funds |
| MUTUAL FUNDS & ETFs Approach: | |
| Security types: | Institutional class mutual funds (with no loads and reduced expense ratios) and ETFs |
| Style: | Investment Grade Quality as well as tactical positions in specific fixed income sectors (including international and emerging markets) when appropriate |
| Asset Selection: | Funds are selected based upon each fund’s composition, as well as the fund manager’s historical track record for actively managed funds |
| Diversification: | Utilization of diversified mutual funds, as well as ample diversification of the total portfolio, including international and emerging markets positions when appropriate |
| Composition: | The portfolio typically consists of multiple Mutual Funds and ETFs including domestic international and emerging markets. |
