The Avalon Fixed Income Portfolios are designed to be safe, stable and, where appropriate, tax efficient. Their goal is to provide an attractive total return with below average risk. Maturity and duration positioning are flexible and based on reasonable risk boundaries for each client. Durations are extended when interest rates represent long-term value.
Bond selection is predicated upon the minimization of credit risk and superior execution is achieved by maintaining active relationships with 30-40 broker-dealers. Futures, options, exotic derivatives or leverage are not part of any strategic or tactical allocation. We recommend the Avalon Fixed Income Portfolios for clients who desire stable and predictable cash flows.