MIMdex™ Portfolio Management
MIMdex™ is a "core" portfolio strategy. It can be applied to a specific Index or any custom Index chosen by the client. Market Indexes include, but are not limited to, the Lehman Aggregate, Lehman Govt./Credit, and Lehman Long Govt./Credit. MIMdex™ can also be applied to liability-based custom Indexes.

Investment Philosophy
We believe that the risk and return characteristics of an assigned Index can be enhanced by the active management of portfolios which accept the duration constraint of the assigned Index for reliability, while simultaneously applying traditional bond management methods to the duration-matched portfolios.

The Do's & Don'ts
Vary the cash flow structure of the portfolio relative to the Target Index.
Vary the credit risk exposure of the portfolio relative to the Target Index.
Fine tune the portfolio holdings for incremental return.
Do Not:
Market time or manipulate relative duration as a policy objective.
Replicate the cross-section of the Target Index.

Other characteristics
AAA quality on average, transparent and liquid portfolios, monthly cash-flow option
This information is a summary of our general approach to investing. It is not to be taken literally as rules to be followed in all circumstances. Conditions and markets change which requires judgment in the application of guidelines.

One-A Main Street,   Suite One   |  Sparta,   New Jersey   07871
phone:  (973)  729-5658

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