Products

Active Aggregate – Active Aggregate Portfolios are benchmarked against the Barclays Aggregate Bond Indexor equivalent. The strategy objective is to outperform the benchmark in a given cycle. There is no limit onmaximum maturity of individual instruments, issues are investment grade only securities at time of purchase,and cash investments are typically 5% or less. Investments are not limited to index sectors but will typicallyinclude securitized securities (mortgage backed).

ALL Credit – The JKMAM ALL Credit Fixed Income strategy seeks to provide excess return over thebenchmark over a full credit cycle. The benchmark is typically the Barclays Credit Index, however customizedbenchmarks can be accommodated, for instance certain sectors or industries may be excluded or uniqueduration targets can be applied. It primarily invests in liquid investment grade bonds that are readily pricedand have high transparency. The strategy is built around an investment team developed top-down macroperspective along with bottom-up security selection.

Balanced – The JKMAM Balanced strategy is to allocate investment funds across multiple asset classes. The three primary asset classes are mutual funds/exchange-traded funds (“ETF”), bonds, and cash. The allocation can be tactical or strategic long-term positions subject to macroeconomic influences and the global business cycle. Within the three primary asset classes allocations may be to domestic or global markets in either passive or active investment strategies or a combination of both. Within the markets, JKMAM may allocate between styles and various capitalization families such as small cap equity or large cap growth equities. JKMAM believes in minimizing turnover and underlying mutual fund fees through selection of managers with long-term skill demonstration. JKMAM uses both internal and Wall Street research as well as that of independent firms.

Global Multi-Strategy – The objective of global multi-strategy is to exceed the returns of a standard or customized domestic or global bond index, and we are currently using the Barclays Aggregate Bond Index.

Intermediate Active – Intermediate Active Portfolios are benchmarked against the Barclays Intermediate Government Credit Bond Index or equivalent. The strategy objective is to outperform the benchmark in a given cycle. The maturity of instruments and investments is typically (but not limited to) 10 years or less, investment grade only securities at time of purchase, and cash investments are typically 5% or less. Investments are not limited to index sectors.

Active Intermediate Aggregate – Intermediate Active Aggregate Portfolios are benchmarked against the Barclays Intermediate Aggregate Bond Index or equivalent. The strategy objective is to outperform the benchmark in a given cycle. The maturity of instruments and investments is typically (but not limited to) 10 years or less, issues are investment grade only securities at time of purchase, and cash investments are typically 5% or less. Investments are not limited to index sectors but will typically include securitized securities (mortgage-backed securities).

Intermediate Index – Intermediate Index Portfolios are benchmarked against the Barclays Intermediate Aggregate Bond Index or equivalent. The strategy objective is to match the performance of the benchmark index. The maturity of instruments and investments is typically (but not limited to) 10 years or less, issues are investment grade only securities at time of purchase, and cash investments are typically 5% or less. Investment sectors are limited to those included in the benchmark.

Should one of the aforementioned strategies not be an appropriate fit for a prospective client, JKMAM also offers the following options:

Customized Portfolio Creation – JKMAM can customize portfolios for credit quality needs, income, or investment horizons. Prospective clients for customized portfolios may include healthcare organizations or clients that have outstanding tax-exempt debt that is being arbitraged.