Common use of Maturity Distribution Clause in Contracts

Maturity Distribution. Diversification in maturity to minimize --------------------- reinvestment risk is an objective. Although this objective is not quantified, a reasonably well-laddered portfolio over a wide range of maturities is to be achieved.

Maturity Distribution. Diversification in maturity to minimize --------------------- reinvestment risk is an objective. Although this objective is not quantified, a reasonably well-laddered or liability matched portfolio over a wide range of maturities is to be achieved, subject to the objective of maintaining appropriate liquidity.

Maturity Distribution. Diversification in maturity to minimize --------------------- ---------------------- reinvestment risk is an objective. Although this objective is not quantified, a reasonably well-laddered portfolio over a wide range of maturities is to be achieved.