15800 Bluemound Rd., Suite 250 Brookfield, WI 53005 1-800-765-0157
DANA INTERMEDIATE
BOND STRATEGY
STRATEGY
HIGHLIGHTS
Broad market strategy
with portfolio risk managed within distinct tolerance
for:
Duration
Sector Allocation
Security Selection
Governed by clear and
consistent investment principles.
Investments in primarily
Treasuries, Government Agencies, Mortgages and Investment-Grade
Corporate Bonds.
Emphasis toward sector
allocation and security selection.
INVESTMENT
PHILOSOPHY
The Core Intermediate fixed income product
is a broad market strategy with portfolio
risk managed within distinct tolerance bands
for the following categories: duration, yield
curve positioning, sector allocation, and
security selection. Investments primarily
consist of Treasuries, governmental agencies,
mortgages, and investment-grade corporate
bonds with an emphasis toward sector allocation
and security selection governed by clear and
consistent investment principles. We believe
this investment philosophy provides our investors
- with moderate risk tolerance - the opportunity
to obtain their investment objectives.
INVESTMENT
PROCESS
PORTFOLIO
CONSTRUCTION
Security selection is made utilizing
fundamental credit analysis to identify
the issuer's credit worthiness and relative
value within its sector as well as to
the portfolio. Based on market value,
positions in non-governmental issuers
are limited to a maximum 5% of the portfolio.
The focus is to create a well diversified
portfolio by selecting securities that
offer the opportunity for incremental
yield as well as price appreciation
without the concentration of issuer
credit risk. Typically portfolios contain
30-45 securities with an average life
of 3 to 8 years.
TOP
10 HOLDINGS
as of 3/31/08
U.S. Treasury
Notes, 4.37%, 8/15/12
FHLMC #C90983,
5.50%, 8/01/26
U.S. Treasury
Notes, 4.25%, 11/15/17
FNMA #884093,
6.00%, 5/01/36
FHLMC #C90939,
5.50%, 12/01/25
FNMA Notes,
5.125%, 5/15/08
FHLMC #C90978,
6.00%, 7/01/26
U.S. Treasury
Notes, 3.50%, 12/15/09
U.S. Treasury
Notes, 4.12%, 8/15/10
U.S. Treasury
Notes, 4.13%, 11/15/13
HIGHER RETURNS WITH LOWER VOLATILITY
10
yr Average Annualized Return as of 12/31/07
Standard
Deviation of Return
5 years ended 12/31/07
Dana's Intermediate
Bond Strategy has performed exceptionally well
in all economic conditions. It has proven its
ability to provide higher risk adjusted returns
than the Merrill Lynch 1 - 5-year Government/Corporate
Index with significantly less risk or standard
deviation.
SUITABILITY
This strategy is
designed to meet the needs of clients whose objectives
are aimed at capturing higher total returns without
taking unnecessary credit and interest rate risk.
It is an ideal strategy for tax-exempt clients
such as retirement plans, foundations and non-profit
organizations.
Please
"Contact
Us" for additional strategy and performance
information
on the Dana Intermediate Bond product.
