Security selection definition

Security selection. The advisor determines which issuers it believes offer the best relative value within each sector and then decides which available debt obligations of that issuer to purchase. The fund may invest in foreign debt obligations as well as cash or cash equivalents. The advisor generally will sell a debt obligation when, on a relative basis and in the advisor’s opinion, it will no longer help the fund attain its objective. Please be aware that you may lose money by investing in the fund. The following is a summary description of certain risks of investing in the fund. The advisor may err in its choices of debt obligations or portfolio mixes. Such errors could result in a negative return and a loss to you. A bond’s market value may be affected significantly by changes in interest rates – generally, when interest rates rise, the bond’s market value declines and when interest rates decline, its market value rises (“interest rate risk”). Interest rate risk should be low for the fund because it invests primarily in short term bonds, whose prices are less sensitive to interest rate changes than are the prices of long-term bonds. Generally, a bond with a longer maturity will entail greater interest rate risk but have a higher yield. Conversely, a bond with a shorter maturity will entail less interest rate risk but have a lower yield (“maturity risk”). A bond’s value may also be affected by changes in its credit quality rating or the issuer’s financial condition (“credit quality risk”). Bonds are also generally subject to credit risk that an issuer will not make timely payments of principal and interest. Debt obligations receiving the lowest investment grade rating may have speculative characteristics and, compared to higher grade debt obligations, may have a weakened capacity to make principal and interest payments due to changes in economic conditions or other adverse circumstances. Ratings are essentially opinions of the credit quality of an issuer and may prove to be inaccurate. Extension risk is the risk that debt obligations, including mortgage and asset backed debt obligations, will be paid off by the borrower more slowly than anticipated, increasing the average life of such debt obligations and the sensitivity of the prices of such debt obligations to future interest rate changes. No assurance can be given that the U.S. government will provide financial support to U.S. government sponsored agencies or instrumentalities where it is not specifically obligated to d...
Sample 1Sample 2
Security selection. Once the team has determined the percentage of the portfolio in any duration range or security type, individual securities are purchased to complete the portfolio structure. Xxxxxxxx’x investment team closely follows trends in the new issue market to take advantage of the cyclical swings in issuance in order to obtain attractive spreads over the risk-free Treasury rate. The seasoned professionals at Xxxxxxxx are also well versed in the technical differences between various names in the investment universe, and frequently adjust the underlying name and sector exposure to take advantage of market anomalies only a skilled investor can consistently identify. Securities are subjected to a rigorous review process, including fundamental credit analysis, as well as quantitative analysis using proprietary tools. Our investment professionals recommend securities from an Approved Issuer List based on relative value considerations. In addition, our Credit Committee seeks to identify both improving and deteriorating credits so we can work to reposition client portfolios by seeking favorable and avoiding detrimental factors not yet understood by the majority of market participants. Analyzing the credit worthiness of individual issuers to enhance portfolio yields while minimizing exposure to credit and downgrade risk is a key element in mitigating risk and adding value in our clients’ portfolios.
Sample 1
Security selection. The advisor determines which issuers it believes offer the best relative value within each sector and then decides which available debt obligations of that issuer to purchase. Principal Risks Management Risks Bond Market Risks Credit Quality Risks
Sample 1

Examples of Security selection in a sentence

  • When disabled, the receiving device will drop the packet if too much to process.Apply• Security: Once the Security selection is set as ‘On’, any access from the device which connects to this port will be blocked unless the MAC address of the device is included in the static MAC address table.

  • Security selection and asset allocation are carried out using quantitative models based on multiple variables, including market sensitivity, volatility, valuation and sentiment.

  • Security selection involves the search for undervalued securities (i.e. involves the reallocation of funds within sectors) and market timing involves the search for undervalued sectors (i.e. involves the reallocation of funds between sectors).

  • Security selection will be impacted by the combined focus on ESG assessments and forecasts of return and risk.

  • If the Company is redeeming less than all the Notes at any time, the Trustee will select the Notes to be redeemed on a pro rata basis, by lot or by such method it considers fair and appropriate; provided that for Notes represented by a Global Security, selection of such Notes to be redeemed will be in accordance with the Depositary’s customary practices.

  • Security selection shall be in compliance with California Government Code Section 53600, et seq.

  • Fundamental Investment Process The Manager’s Fundamental Investment Process generally focuses on a four-step Security selection process, which emphasises the bottom-up valuation of entities.

  • The bottom-up Security selection process may involve the Investment Team spending considerable time meeting with management and talking to their suppliers, customers and competitors (although this is not a pre-requisite for investing).

  • Asset Class – Corporate Debt Securities The Primary objective of Corporate Debt Security selection process shall be managing the Credit risk in the portfolio.

  • Security selection was the major driver of the Portfolio's underperformance relative to its benchmark.

Related to Security selection

  • Retail food establishment means an operation that sells or offers to sell food directly to a consumer. Retail food establishment includes both a retail grocery and a food service establishment but does not include a food processing plant.

  • School of cosmetology means any premises, building, or part of a building in which students are instructed in the theories and practices of one or more branches of cosmetology.

  • Security Services means, a systemic approach to managing an organisation’s security needs as per specifications, terms and conditions stipulated under the contract, the organisation in this case refers to Medical Colleges/ Hospitals

  • Pretreatment coating means a coating which contains no more than 12% solids by weight, and at least 0.5% acid by weight, is used to provide surface etching, and is applied directly to metal surfaces to provide corrosion resistance, adhesion, and ease of stripping.

  • Security freeze means a notice, at the request of the consumer and subject to certain exceptions,

  • Cannabis establishment means a cannabis cultivator, a cannabis manufacturer, a cannabis wholesaler, or a cannabis retailer.

  • Uniform Single Attestation Program for Mortgage Bankers The Uniform Single Attestation Program for Mortgage Bankers, as published by the Mortgage Bankers Association of America and effective with respect to fiscal periods ending on or after December 15, 1995.

  • Life-sustaining treatment means treatment that, based on reasonable medical judgment, sustains the life of a patient and without which the patient will die. The term includes both life-sustaining medications and artificial life support such as mechanical breathing machines, kidney dialysis treatment, and artificially administered nutrition and hydration. The term does not include the administration of pain management medication, the performance of a medical procedure necessary to provide comfort care, or any other medical care provided to alleviate a patient's pain.

  • Control apparatus means any device which prevents or controls the emission of any air contaminant directly or indirectly into the outdoor atmosphere.

  • Mobile Application means a specialized software program downloaded onto a wireless communication device.

  • Nursing home-type patients means a patient who has been in hospital more than 35 days, no longer requires acute hospital care, cannot live independently at home or be looked after at home, and either cannot be placed in a nursing home or a nursing home place is not available.

  • Food establishment means an operation that stores, prepares, packages, serves, vends, or otherwise provides food for human consumption and includes a food service operation in a salvage or distressed food operation, school, summer camp, residential service substance abuse treatment facility, halfway house substance abuse treatment facility, correctional facility operated by the department of corrections, the state training school, or the Iowa juvenile home. “Food establishment” does not include the following:

  • Account Application or “Application” shall mean the application, as may be amended from time to time, by which this Agreement is established between the Depositor (or following the death of the Depositor, the Beneficiary) and the Custodian. The statements contained therein shall be incorporated into this Agreement.

  • Uniform application means the current version of the national association of insurance commissioners uniform application for resident and nonresident insurance producer licensing.

  • Security Management Plan means the Supplier's security management plan prepared pursuant to paragraph 3 of schedule 2 an outline of which is set out in paragraph 2.7 of the Order Form as updated from time to time;

  • Marijuana establishment means a marijuana cultivation facility, a marijuana testing facility, a marijuana product manufacturing facility, or a retail marijuana store.

  • Lodging establishment means any of the following:

  • air traffic control service means a service provided for the purpose of:

  • Prescription monitoring program “PMP,” or “program” means the program established pursuant to 657—Chapter 37 for the collection and maintenance of PMP information and for the provision of PMP information to authorized individuals.

  • Traffic control signal means a device, whether manually, electrically, or mechanically operated, by which traffic is alternately directed to stop and permitted to proceed.

  • main establishment means: (a) as regards a controller with establishments in more than one Member State, the place of its central administration in the Union, unless the decisions on the purposes and means of the processing of personal data are taken in another establishment of the controller in the Union and the latter establishment has the power to have such decisions implemented, in which case the establishment having taken such decisions is to be considered to be the main establishment; (b) as regards a processor with establishments in more than one Member State, the place of its central administration in the Union, or, if the processor has no central administration in the Union, the establishment of the processor in the Union where the main processing activities in the context of the activities of an establishment of the processor take place to the extent that the processor is subject to specific obligations under this Regulation;

  • fixed establishment means a place (other than the registered place of business) which is characterised by a sufficient degree of permanence and suitable structure in terms of human and technical resources to supply services, or to receive and use services for its own needs;

  • Marihuana establishment means a marihuana grower, marihuana safety compliance facility, marihuana processor, marihuana microbusiness, marihuana retailer, marihuana secure transporter, or any other type of marihuana-related business licensed by the department.

  • Security alarm system means a device or series of devices, intended to summon law enforcement personnel during, or as a result of, an alarm condition. Devices may include hard- wired systems and systems interconnected with a radio frequency method such as cellular or private radio signals that emit or transmit a remote or local audible, visual, or electronic signal; motion detectors, pressure switches, duress alarms (a silent system signal generated by the entry of a designated code into the arming station to indicate that the user is disarming under duress); panic alarms (an audible system signal to indicate an emergency situation); and hold-up alarms (a silent system signal to indicate that a robbery is in progress).

  • Contractor Selection of Leave Trees means crop and leave trees are unmarked and will be selected by the Contractor.

  • Security Standards means the final rule implementing HIPAA’s Security Standards for the Protection of Electronic PHI, as amended.