This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Muni <= 40% Corporate <= 30% CMO/MBS (gov guaranteed) <=40% Foreign Bonds <= 20% Maturities/Durations <= 10 yrs Limits per issuer <= 20% of portfolio Officer(s) purchase limits Investment officer $5 million + CEO $7.5 million board approval > $7.5 million Must sell if rating is lower than BBB-Pre-purchase analysis requirement...
View Full Document