FIXED INCOME MANAGEMENT

Since bond investments are made primarily to provide predictable income and to offset equity market volatility, AIMC emphasizes high-quality instruments of short-and intermediate-term maturity.

Selection Criteria

• Bond rating of "A" or better
• Stable to improving credit quality
• Attractive interest rate spread
• Appropriate duration for client

Transaction Criteria

Buy:
Bonds with appropriate quality and duration are purchased and held.

Sell:
Bonds are sold when fundamental changes threaten the firm's credit rating.