The components of our Core Fixed Income investment approach that add the most value over time are sector and sub-sector allocation and security selection decisions. To a lesser extent, yield curve and duration management also contribute. Hyperion Brookfield’s Core Fixed Income investment process encompasses extensive analyses to isolate relative value opportunities among sectors and issuers, as well as to determine tactical sector allocation weightings. Additionally, decisions are made regarding relative value of securities among credit ratings and various security structures, such as callable and putable issues, as well as MBS, to optimize a portfolio’s return. These decisions focus on determining the optimal time to purchase or sell securities with varying credit or structure risks based on historical analyses and technical conditions within the marketplace.