Investment Style:
Capstone Fixed Income seeks to provide income and capital appreciation together with capital preservation through the management of high quality domestic bonds. 

The strategy offers investors a separately managed account consisting primarily of intermediate-maturity, government, agency and investment quality corporate bonds.  Our fixed income approach is based on the belief that superior long-term returns can be achieved with less-than-market risk by focusing on high quality securities, and by adding value through active duration management and the selective rotation of market sectors and the securities within those sectors. 

Value Added:

• Active duration management
• Yield curve structure management
• Economic trading costs
• Quantitative research
• Sector rotation
  

Benchmark:
Barclay's Capital Government Credit Bond Index

Portfolio Duration:
+/- 20% of the Barclay's Capital Government Credit Bond Index.

Market Sectors Utilized:
U.S. Government, Agency, Corporate, & Mortgage-Backed