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sd-10-EFTA01387902Dept. of Justice

EFTA Document EFTA01387902

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IMPACT OF CYES OVERLAY SIZING ON BALANCED PORTFOLIO* ▪ Client's preference determines overlay size • Enhanced cash flow and risk adjusted returns 26.0 240 22.0 200 18.0 160 a 140 12.0 10.0 80 60 steem $30rnmenclay ms $20mmOetrtay SlOmmeemlay - Toildb A •••• ••• ... .° *. 60. ....... - 1.• .... ...... •• • Balanced Ponlollo assumes equal allocations (1/3 each) on 04/01/08 to: Cash • Cit%roup 3m Treasury-bill; Bonds • Barclays Municipal Bond Index; Equates

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Dept. of Justice
Reference
sd-10-EFTA01387902
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1
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