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Investment Strategies

OUR CORE VALUE: Portfolio construction should be based on solutions to the client’s needs and obligations.

LIQUIDITY RESERVE SOLUTION
An actively managed short-term fixed income strategy emphasizing current return, liquidity, and stability of principal using an array of short-term obligations. Allowable securities include US Treasury and Agency securities, Investment Grade Corporate issues, and other short-term obligations. Each portfolio is customized to take into account the client’s unique needs and requirements. The solution takes into account current benefit payments, and retains flexibility to meet unanticipated liability needs. A customized liquidity reserve portfolio may help plan asset allocation to focus on long-term objectives.

ENHANCED FIXED INCOME – LIMITED DURATION
An actively managed fixed income strategy that seeks to outperform the Barclays 1-to-3 Year Government/Credit Index over an interest rate cycle, while maintaining portfolio volatility that is similar to the benchmark.

The strategy limits duration and seeks to control volatility to a greater extent than the Enhanced Fixed Income – Intermediate Duration strategy. The strategy invests in traditional fixed income sectors including US Treasury and Agency securities, and Investment Grade Corporate issues. In addition, the strategy invests in marketplace lending. Marketplace Lending is a newly expanding credit sector that can help provide incremental return, through enhanced cash flow, in today’s environment.

Each portfolio is customized to take into account the client’s unique needs and requirements. Additional funds in the portfolio, in excess of near-term liability needs, can be invested to seek incremental return. The strategy can serve as an enhanced liquidity reserve solution.

ENHANCED FIXED INCOME – INTERMEDIATE DURATION
An actively managed fixed income strategy that seeks to outperform the Barclays Intermediate Government/Credit Index over an interest rate cycle, while maintaining portfolio volatility that is lower than that of the benchmark.

The strategy can be used as a solution to core fixed income mandates. The strategy limits duration to control volatility and emphasizes cash flow to seek consistency of return. The strategy invests in traditional fixed income sectors including US Treasury and Agency securities, Investment Grade Corporate issues, and Mortgages. In addition, the strategy invests in marketplace lending. Marketplace Lending is a newly expanding credit sector that can help provide incremental return, through enhanced cash flow, in today’s environment.

MANAGED YIELD PLUS FUND

EmStone serves as investment adviser to the EmStone Managed Yield Collective Investment Fund – a fund limited to institutional pension fund / retirement plan investors that invests primarily in an actively-managed portfolio of higher-grade consumer loans and notes from on-line marketplace lending platforms.

To see the fact sheet, click EmStone Managed Yield Plus Fund 4Q17

Additional information about the Fund is available from the Trustee, Alta Trust, at www.trustalta.com/emstone.