At Carret Asset Management we professionally manage Taxable Bond portfolios for total return
and current income.  Additionally, preservation of principal is a key fundamental present in all of our Bond portfolios. We create and manage an efficient risk/return blend of Corporate Bonds, U.S. Treasury Bonds, and U.S. Government Agency Bonds. Our research intensive bottom-up process provides the framework for all buy/sell decisions.  Interest rate trends are forecasted as part of our process. We combine key economic inputs with individual client needs to determine the appropriate duration and structure of each portfolio. Our custom-active strategy offers superior advantages versus a passive
"buy and hold" or "ladder" approach.

Portfolios are managed to meet individual client objectives, including risk tolerances, cash flow needs,
tax requirements, and other specified needs. The combination of investments are evaluated and fine-tuned to achieve the optimal blend given our market outlook within specific client parameters.   

Bond selection is limited to high quality investment grade bonds. Carret uses a value approach when buying and selling bonds; this method recognizes the inefficiencies of the Taxable Bond marketplace and allows us to benefit from our expertise and market knowledge. Clients could typically benefit from the efficiencies of block trading as we obtain institutional pricing for the benefit of all portfolios regardless of size and objective.

Custom-active management of Taxable Bond portfolios takes into account relative market values and yield with respect to credit quality and maturity - all within the perspective of our interest rate and yield curve forecast.  Our market strategy takes into consideration the desirability of pricing, coupon, rating, and call features.  Our market analysis considers the ever-changing spread differential between our investment choices.  We diversify within each asset class to reduce risk and maximize total return expectations. Security selection depends on the specific cash flow needs of each portfolio and the expected performance characteristics of each type of bond. Final security selection focuses on the business fundamentals of each company – including cash flow and earnings expectations, debt/equity targets, dividend and share repurchase policies and industry growth prospects.