Portfolio Objective definition

Portfolio Objective. The investment objective of the Account is to provide long-term total return in excess of the Index, net of all fees and trading costs. • Benchmark: Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index is used as a benchmark over a cycle.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Portfolio Objective. To approximate total returns equal to the benchmark with minimal transaction costs • Benchmark: The Barclays Capital Aggregate Bond Index is used as a benchmark over a cycle.

Portfolio Objective. The portfolio objective is to outperform the benchmark while adhering to high fiduciary standards. Securities and funds with high liquidity qualities are to be purchased. Overview: ACE Guaranty will determine the appropriate levels of cash and short-term investments to be maintained. The Company will maintain and manage designated short-term assets. Lazard Freres Asset Management (“Lazard”), the investment portfolio manager for ACE Guaranty, will manage the portion of the cash and short-term position of the company that arises from the net investment activity of the managed portfolio, not to be confused with the short-term portfolio managed by the Company. Subject to portfolio and sector constraints listed below, the portfolio managers will have the discretion to deviate away from the benchmark portfolio. Constraints: Securities (Commercial Paper, Banker’s Acceptances and Time Deposits) must be rated at a minimum of A-1+ by Standard & Poor’s Corporation (“S&P”) or P-1 by ▇▇▇▇▇’▇ Investors Service (“Moody’s”) and not have a maturity greater than two years. Single issuers may not comprise more than 1% of the Aggregate Portfolio (other than direct obligations of the US Government). Money market funds are permitted but allowable funds must seek to maintain a stable net asset value and may only purchase “First Tier” securities. First Tier securities are securities which are rated (or that have been issued by an issuer that is rated with respect to a class of short-term debt obligations, or any security within that class, comparable in priority and quality with such securities) in the highest short-term rating category by Standard & Poor’s and Moody’s, if only one has assigned a rating, by that rating agency. A single fund may not comprise more than 10% of the Aggregate Portfolio. Repurchase agreements are allowed but must be a) marked to market daily, b) collateralized at 102% by government or agency securities, c) have a maturity of 30 days or less and d) have counterparties that must be rated A-1+ by S&P or P-l by Moody’s. Furthermore, only Primary Dealers with the Federal Reserve Bank of New York and top-tier broker-dealers will be acceptable counter-parties. In addition, counter-parties and their aggregate exposure limits must have prior approval by the CFO. The aggregate level of repurchase agreements cannot exceed 5% of the portfolio unless prior approval is established with the CFO. Reverse repurchase agreements are allowed but can only be entered into w...

Examples of Portfolio Objective in a sentence

I am responsible for selecting to invest in either a recommended Account Portfolio Objective or an alternative Account Portfolio Objective, if available.
I may be required to complete a new Client Profile in order for ▇▇▇▇▇▇ ▇▇▇▇▇ to recommend a modification of my Account Portfolio Objective or Goal Portfolio Objective after considering such change.
Transitional Accounts are assigned an Account Portfolio Objective by ▇▇▇▇▇▇ ▇▇▇▇▇.
I agree to promptly notify ▇▇▇▇▇▇ ▇▇▇▇▇ of any change in the information that I have provided in the Client Profile, which may result in being required to complete a new Client Profile in order for ▇▇▇▇▇▇ ▇▇▇▇▇ to recommend a modification of the Account Portfolio Objective for my Account after considering such change.
I have completed a Client Profile that contains important information about my Account, which generally includes either my goal or purpose for investing and my time horizon, risk tolerance or other financial information, in order to assist me in selecting an appropriate Account Portfolio Objective and an appropriate portfolio objective for my goal (my “Goal Portfolio Objective”), if applicable.
Unless I have entered into an ▇▇▇▇▇▇ ▇▇▇▇▇ investment advisory agreement that states otherwise, I will make all decisions with respect to my Account, and may follow or reject, in whole or in part, any recommendations made by ▇▇▇▇▇▇ ▇▇▇▇▇, including whether to change the Account Portfolio Objective for my Account.
Once I have selected an Account Portfolio Objective, ▇▇▇▇▇▇ ▇▇▇▇▇ will make recommendations to buy, hold, sell, or exchange investments to me based on the Account Portfolio Objective for my Account.
I may be required to complete a new Client Profile in order for ▇▇▇▇▇▇ ▇▇▇▇▇ to recommend a modification of the Account Portfolio Objective for my Account after considering such change.
Once I have selected an Account Portfolio Objective, ▇▇▇▇▇▇ ▇▇▇▇▇ will make recommendations to buy, hold, sell or exchange investments based on the Account Portfolio Objective for my Account.
Depending on several factors as determined by ▇▇▇▇▇▇ ▇▇▇▇▇, I may be able to select an alternative Account Portfolio Objective for my Account.

More Definitions of Portfolio Objective

Portfolio Objective. The portfolio objective is to achieve excess returns by pursuing investments outside the guideline relative to Cash and Short-Term and Fixed Income, while managing investment risk to minimize correlation with insurance risk. Overview: With the prior approval of at least two Senior Officers, an allocation to securities that do not adhere to the above guidelines is permissible, but may not exceed 5% of the Aggregate Investment Portfolio. Permitted: Securities including but not limited to the following: a) Equity interest; b) Subsidiary investments; c) Foreign investments, and d) Non-investment grade securities with no minimum rating.

Portfolio Objective. To approximate total returns equal to the benchmark with minimal transaction costs.