"We're in the stay rich business, not the get rich business." Craig W. Henderson
Our short term portfolios typically have durations of less than one year and seek to provide significant incremental return when compared, on a tax adjusted basis, to US Treasury bills, Certificates of Deposit or municipal money market funds.
From September 1991 to September 2013 the total return of our Short-Term Strategy Composite was 3.39% net of fees (using the maximum fee level) on an annualized basis. The benchmark for this product, the Barclays Capital One Year Municipal GO Index, was not established until June 1993. Therefore, the comparison from June 1993 to Spetmeber 2013 is an annualized return of 3.18% net of maximum fees for the composite versus 3.28% for the Barclays Capital One Year Municipal GO Index.
Note: Past performance is not a guarantee of future results.
1. Short Term Strategy Composite performance calculated net of maximum fee.
Note: Approximately 4% of the Barclays Capital One Year Municipal GO Index is comprised of bonds rated Baa/Non-Rated or below investment grade, whereas C.W. Henderson & Associates, Inc. has only a small fraction of 1% of assets invested in bonds rates less than single A.