Cash Plus Strategy

Ultra-short high quality strategy offering attractive alternative to STIF or money market funds
Appropriate for secondary liquidity pools
Typical allocation includes 60+% Agency MBS
Interest rate risk managed to a duration target of 0.25 years
Minimal credit exposure with limited corporate credit holdings. Expected average rating AAA/AA

Outperform money market funds by 50-100 basis points net of fees over a full market cycle, and target an Information Ratio of 0.5 or better.

Offer enhanced yield for "parked" cash
Provide a higher credit quality complement or substitute for short-dated corporate credit exposure