Ultra Low Duration

Description

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 June 30, 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 1.4% 1.2%
Average Quality AA1 AAA

Sector Summary

As of June 30, 2017


Reams BofA ML 9-12 Month Treasury
Corporate 23% 0%
Asset Backed 9% 0%
Gov't Related < 1% 0%
Cash & Equivalents 8% 0%
Treasury 29% 100%
Mortgage Backed 30% 0%

Performance

Annualized Performance as of June 30, 2017
1 Yr. Since
Inception
Ultra Low Duration (Gross) 0.90% 0.94%
Ultra Low Duration (Net) 0.83% 0.86%
BofA ML 9-12 Month Treasury 0.42% 0.50%

The Annual Disclosure Report is an integral part of this presentation and is available for download in Adobe Portable Document Format (PDF) by clicking here. PDFs are viewed using Adobe Acrobat Reader.

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.

NOT FDIC INSURED/ NO BANK GUARANTEE/ MAY LOSE VALUE