The Ramirez Intermediate Core (Stable Value) Strategy emphasizes high-quality spread sectors in the 0â€“30 year maturities, with a maximum overall effective duration of 4.0 years, our objective is to maximize total rate of return and achieve better risk adjusted results than the benchmark over a complete market cycle.
Barclays Intermediate U.S. Government/Credit Bond Index
Duration: +/- 15% relative to benchmark
Yield Curve: +/- 25% key rate duration relative to benchmark
U.S. Treasury Securities
Asset Backed Securities (ABS)
Agency Mortgage Backed securities (MBS)
Commercial Mortgage Backed Securities (CMBS)