Noyes Capital has extensive experience with fixed income products and solutions. We can customize products to meet your specific needs and requirements. Some of the strategies we use are listed below:
Short-Term Fixed Income Strategy
The
Short-Term Fixed Income strategy is designed
for our clients whose investment needs require
periodic cash out-flows and a degree of liquidity
similar to that of operating reserve funds.
The average maturity for investment products
we select in the short-term strategy category
typically varies between one and three years
based on our forecast for interest rates and
the degree of liquidity required by our clients.
We employ a disciplined approach to managing
interest rate sensitivity and liquidity by maintaining
1) an average maturity exposure of four years
or less as set forth above; 2) a maximum maturity
exposure of five years for "A"-rated or better
US Corporate debt obligations; and 3) a maximum
maturity exposure in US government debt obligations
of ten years or less.
Long-Term Fixed Income Strategy
The
Long-Term Fixed Income strategy involves investments
in a variety of US dollar-denominated securities
which comprise the portfolio. Within this strategy,
we typically invest only in securities that
are rated investment-grade or better by Moody's
and S&P. Investments within this strategy would
typically include 1) debt obligations issued
or guaranteed by the US Government and foreign
governments and their agencies and instrumentalities,
political subdivisions of foreign governments,
and supranational organizations; 2) investment-grade
debt securities and high quality commercial
paper issued by US companies; and 3) US mortgaged-backed
and asset-backed bonds.
Government Only Strategy
The
Government Only strategy involves investments
in a variety of U.S. dollar-denominated securities
to diversify the portfolio. In implementing
this strategy, we typically invest only in securities
that are 1) debt obligations issued or guaranteed
by the U.S. Government, foreign governments
and their agencies and instrumentalities, and
supranational organizations; and 2) U.S. mortgaged-backed
bonds.
Short Duration Municipal Strategy
The
Limited Duration Municipal Fixed Income Strategy
contemplates average maturities typically between
three and five years. We employ a disciplined
approach to managing and optimizing interest
rate volatility by 1) maintaining the maturity,
average life, or effective maturity of each
bond selected for a portfolio between 0 and
15 years; 2) maintaining an average duration
exposure of the total portfolio not to exceed
five years; and 3) by investing in both callable
and non-callable high quality fixed income securities.
Total Return Municipal Strategy
The
Municipal Total Return Fixed Income Strategy
contemplates average maturities between eight
and ten years and average life or callability
of our municipal investments between seven and
ten years. Noyes Capital
employs a disciplined approach to managing and
optimizing interest rate volatility by 1) maintaining
a maximum average maturity exposure of fifteen
years or less; 2) maintaining a maximum maturity
exposure of thirty years for any single fixed
income investment mentioned above; and 3) by
investing in both callable and non-callable
high quality fixed income securities.
