Short-Term Taxable Fixed Income Strategy

Strategy Objectives

Wasmer, Schroeder & Company, Inc. (WSC) portfolios are managed primarily for maximum income and capital preservation.  Growth of principal is not a material consideration.

Portfolios are structured using corporate bonds, taxable municipals, and GSE agency debentures.  The Short-Term Taxable Fixed Income (STTX) strategy emphasizes high credit quality and liquidity in order to ensure capital preservation.  The target duration for STTX strategy is less than 3 years; however, many of the accounts within this strategy are customized to suit the needs of individual clients.  The Strategy's primary benchmark is the Barclays Capital Treasury 1-3 Months Index and the secondary benchmark is the Barclays Capital Treasury 9-12 Months Index.

Note: This strategy is made available to WSC clients and wealth managers.  Funds are typically transitory at the client's discretion, resulting in a limited number of accounts represented in this composite at any given time.

Composite Statistics

(As of 12/31/2011)

*Barclays Capital Treasury 1-3 Months index

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