Common use of Interest Rate Risk Clause in Contracts

Interest Rate Risk. Interest rate risk will be minimized primarily through investment in a variety of term to maturity fixed income securities with maturities less than thirty years. Maximum fixed income portfolio duration is limited to the equivalent of a twenty year term to maturity treasury security.

Interest Rate Risk. Interest rate risk will be minimized primarily through investment in a variety of term to maturity fixed income securities with maturities less than thirty ten years. While there are no specific duration/maturity limits for convertible securities, these issues are included in the total fixed income duration/term measure. Maximum fixed income portfolio duration is limited to the equivalent of a twenty ten year term to maturity treasury Treasury security.

Interest Rate Risk. Interest rate risk will be minimized primarily through investment in a variety of term to maturity fixed faxed income securities with maturities less than thirty ten years. While there are no specific duration/maturity limits for convertible securities, these issues are included in the total fixed income duration/term measure. Maximum fixed income portfolio duration is limited to the equivalent of a twenty ten year term to maturity treasury Treasury security.