The objective of Cavanaugh Capital Management's (CCM) Limited Duration Composite is to generate total return in excess of short/intermediate indices but with a lower risk profile as measured by volatility, credit quality and interest rate risk.

CCM’s Limited Duration Composite includes accounts with target durations between one and four, where a minimum of 90% of each account is invested in taxable securities. Each account within the composite must be fully discretionary and fee-paying, with 100% of the account’s holdings invested in U.S. dollar denominated securities. A minimum of 80% of the securities in each Limited Duration portfolio will have credit quality ratings of A or better. However, in practice, less than 5% of the securities in each Limited Duration portfolio are rated lower than A.

Please contact CCM for performance information.