Fixed-Income Management

The purpose of the fixed-income component of a balanced portfolio is twofold: It must generate assured income; and it must provide stability in the investment selection. We do not believe in taking on undue risk in fixed-income investments. We do not put principal at risk by purchasing suspect credits or inordinately long maturities. We invest in high quality credits when constructing bond ladders for clients, and we buy at or near par and hold to maturity, avoiding the potential for capital loss.

Bond portfolios are carefully tailored to individual circumstances. Tax status, liquidity requirements and income needs are all critical factors in establishing the right fixed- income mix for each client. We carefully monitor activity along the yield curve and will alter or add maturities when it is to the client's advantage or as each client's current bonds mature.

© 2010 Fresh Pond Capital (a subsidiary of Reynders, McVeigh Capital Management) | 121 High Street, 4th Floor, Boston, MA 02110 | phone 617-226-3339 | fax 617. 226. 9998