TOTAL RETURN

philosophy

Cutwater's total-return products offer an array of actively managed strategies designed to provide investors with superior performance across the risk and maturity spectrum. Our investment philosophy and process support the management of all of our total return styles. The views of our investment strategy committee are used by portfolio managers to position exposures within specific product guidelines. Where appropriate, the three approaches of interest rate positioning, sector allocation and security selection are all utilized in the management of our total return products. This approach has helped us deliver on our goal of providing clients with consistently strong risk-adjusted returns across market cycles.

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There can be no guarantee that the investment techniques, strategies and risk analyses used by Cutwater will produce the desired results.