Nancy K. Bender

Functions as a College/University

Functions as a College/University

Millie Capital Management's (MCM) investment philosophy considers the relative risk versus return characteristics of each security selected. MCM selects companies that are relatively undervalued versus peers, with attractive growth expectations, and which we believe over time will produce superior returns relative to a client’s stated benchmark. Minimizing downside performance risk while achieving a client’s investment return goals is also an important component within MCM’s security selection process. Risk control guidelines are an integral part of the strategy. One such measure deals with equally weighting new purchases within each benchmark sector. In this way, the added volatility and potential negative effects of predicting, overweighting and rotating investments within and between various sectors is greatly reduced. Individual security selection within each sector then becomes the main decision criteria of MCM’s security analysis. For fixed income investments, the primary asset allocation decision is that of using taxable versus municipal bonds. Client goals and investment time horizon also play a large role in properly utilizing other income-oriented securities. Focusing on current income, credit quality, and limiting interest rate sensitivity are crucial components in all of MCM’s decisions. Conventional types of fixed instruments are utilized that generally do not have ratings below investment grade.

State chartered commercial bank