Ultra Low Duration


The Ultra Low Duration Strategy seeks to maximize total return, minimize volatility and preserve capital, with an emphasis on liquidity. Ultra Low Duration portfolios are well diversified and consist of high-quality securities with an average portfolio duration of 0.5 to 1.2 years.

Portfolio Highlights

As of March 31, 2017
Reams BofA ML 9-12 Month Treasury
Average Duration 0.7 Years 0.9 Years
Average Maturity 0.7 Years 0.9 Years
Yield to Maturity 1.2% 1.0%
Average Quality AA1 AAA

Sector Summary

As of March 31, 2017

Reams BofA ML 9-12 Month Treasury
Corporate 16% 0%
Asset Backed 10% 0%
Gov't Related < 1% 0%
Cash & Equivalents 7% 0%
Treasury 40% 100%
Mortgage Backed 28% 0%


Annualized Performance as of March 31, 2017
1 Yr. Since
Ultra Low Duration (Gross) 0.99% 0.91%
Ultra Low Duration (Net) 0.93% 0.84%
BofA ML 9-12 Month Treasury 0.55% 0.48%

Important Disclosure

Past performance is no guarantee of future results. Performance figures are in U.S. Dollars and assume reinvested of income for the entire period. Performance figures stated gross of fees do not reflect the deduction of management fees. Performance results of clients would be reduced by the firm’s management fees. For example, an account with a compounded annual total return of 10% would have increased by 159% over ten years. Assuming an annual management fee of .30%, this increase would be 152%. The firm’s management fees are detailed in its Form ADV Part 2. All investments involve risk, including the possible loss of principal.

Reams Asset Management is a division of Scout Investments, Inc., a registered investment advisor that offers investment management services for both managed accounts and mutual funds. Scout Investments is a wholly owned subsidiary of UMB Financial Corporation. Employees of Scout Distributors receive referral fees and compensation for soliciting clients on behalf of Scout Investments, including the Reams Asset Management Division. Scout Investments claims compliance with the Global Investment Performance Standards (GIPS®).

The Ultra Low Duration Fixed Income Strategy invests primarily in investment grade securities, while maintaining an average portfolio duration of generally between 0.5 and 1.2 years. The BofA Merrill Lynch 9-12 Month U.S. Treasury Bill Index is a subset of the BofA Merrill Lynch U.S. Treasury Bill Index including all securities with a remaining term to final maturity greater than or equal to 9 months and less than 12 months.