Government Income™ is designed to generate current income in excess of cash and cash-management strategies while maintaining daily liquidity option and zero credit risk.
The strategy occupies a deliberate space between pure liquidity solutions and slightly longer-duration fixed income allocations. Its purpose is not to maximize yield, but to provide stable, predictable income without compromising access to capital.
Government Income™ exists for investors and institutions that require income but refuse to sacrifice clarity, liquidity, or credit quality to obtain it.
Many portfolios face a familiar tension. Government Income™ was developed to address this gap.
The strategy recognizes that income does not need to come at the expense of discipline. By focusing on government-backed securities with short maturity profiles, it seeks to provide a measured step up in income while preserving liquidity and transparency.
So-called “cash plus” strategies often blur important boundaries. In pursuit of incremental yield, they may.
Government Income™ takes a different approach. It prioritizes structural clarity over incremental yield and ensures that income generation does not compromise the portfolio’s ability to respond to changing conditions.
Credit risk is not inherently bad — but it is not required for every income objective.
By focusing on U.S. Treasuries and government-sponsored agency securities, the strategy eliminates corporate credit risk while still pursuing income beyond idle cash.
Government Income™ invests in a diversified mix of:
Maturities are kept short, and duration is actively managed to reduce sensitivity to interest-rate changes. The strategy maintains high liquidity characteristics, allowing capital to be accessed quickly without penalty.
No leverage is employed. No complex structures are required. The design is intentionally straightforward.
Government Income™ is intentionally constrained.
These boundaries protect the strategy’s role and ensure consistency through market cycles.
It is designed to:
It is not designed to:
Government Income™ manages three core dimensions simultaneously:
While modest price fluctuations can occur as interest rates change, the strategy’s structure is designed to keep volatility contained and understandable.
Risk is not eliminated — it is explicitly managed.
Government Income™ typically sits below Treasury Management™ and above longer-term fixed income strategies.
It often supports:
By clearly defining its role, the strategy reduces pressure on both cash holdings and long-duration bonds.
From a governance perspective, Government Income™ is:
Its clarity supports fiduciary oversight and helps prevent behavioral mistakes, such as stretching for yield during low-rate environments or reacting emotionally to short-term rate changes.
Consistency of process is a core benefit.
Suitability depends on overall portfolio context, objectives, and time horizon.
Government Income™ is well suited for:
The value of Government Income™ is realized through:
By anchoring part of the portfolio in disciplined income generation, other strategies are free to operate as designed.
