Defined Maturity Products

Easily target specific  maturity dates and points on the yield curve

Introduction to Defined Maturity Strategies

The Defined Maturity Strategies are a suite of Treasury, TIPS and agency debentures. Defined maturity strategies provide access to a portfolio of bonds maturing within a specific year.  For example, the Treasury Defined Maturity 2028 strategy provides exposure to a portfolio of U.S. Treasury bonds maturing between January 1st of 2028 and December of 2028 through a single investment. Defined maturity strategies can help your credit union implement its investment strategy to specific maturity profiles and risk preferences.

Diversification:  Conveniently own a basket of bonds with similar maturity dates.

Match Cash Flows: Align maturity dates with anticipated expenses & liquidity needs.

Yield Curve Positioning: Target specific points on the yield curve.

Product List

Maturity Year
Treasury
TIPS
Agency
2024
2024 ​Treasury
2024 TIPS
2024 Agency
​2025
2025 Treasury
2025​ TIPS
2025 ​Agency
2026
2026 ​Treasury
2026​ TIPS
2026 Agency
2027
2027 ​Treasury
2027​ TIPS
2027​ Agency
2028
2028 Treasury
2028​ TIPS
2028​ Agency
2029
2029 Treasury
2029​ TIPS
2029​ Agency
2030
2030 ​Treasury
2030​ TIPS
2030​ Agency
2031
2031 Treasury
2031​ TIPS
2031​ Agency
2032
2032 ​Treasury
2032​ TIPS
2032 Agency
2033
2033 Treasury
2033 TIPS
2033 Agency

Investment Strategy: Each Defined Maturity strategy invests in a basket of individual bonds which mature in a specific year.

Investment Use Case Examples
The Defined Maturity Series could help implement bullet, barbell, and ladder strategies. 

Bullet Strategy - A bullet strategy involves concentrating bond holdings around a specific maturity point rather than spreading them out across the yield curve. By using defined maturity SMAs the credit union can focus investments on Treasury securities that mature at a single target date or within a narrow time frame, typically at the peak of the yield curve where yields are expected to be most advantageous. 

Barbell Strategy - A credit union can implement a barbell yield curve strategy using defined maturity Treasury SMAs by strategically investing in two separate groups of Treasury securities with contrasting maturities—typically short-term and long-term bonds, while avoiding intermediate maturities.

Ladder Strategy - A credit union can effectively utilize defined maturity Treasury SMAs to implement a laddering yield curve strategy by purchasing Treasury securities that mature in sequential years. This approach spreads the credit union's investments across a range of different maturities, allowing for a steady stream of income as each bond matures annually or bi-annually, depending on the ladder setup. 
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Advisory services offered through Polaris Financial, LLC doing business as Credit Union Wealth Group. Polaris Financial, LLC is a SEC registered investment advisor. 6 Liberty Square #2663 Boston, MA 02109. All rights reserved. Brokerage services provided to clients of Polaris Financial, LLC by Altruist Financial LLC and/or Interactive Brokers Group, registered broker-dealers and members FINRA/SIPC. Past performance is no guarantee of future results. All securities involve risk and may result in loss. Nothing in this communication should be construed as a solicitation or offer, or recommendation, or advice to buy or sell securities or services. 
Investments in securities: Not FDIC Insured - Not NCUA Insured - No Bank Guarantee - May Lose Value. 
Credit Union Wealth Group has a partnership with credit unions to provide investment advisory services to their members. The credit unions are not investment clients of Credit Union Wealth Group but have a revenue sharing relationship that can create a conflict of interest.