A company's investment philosophy
is a good indication of how well the company will fare in good -
and bad - economic environments.
Midland National strives for a high quality, comprehensive and
diverse investment portfolio with adequate liquidity.
The company's portfolio is characterized by an absence of extreme
patterns in the overall investment plan, in the securities purchased,
and in the key investment characteristics of these securities.
Midland National minimizes its investments in high yield, high risk
bonds (sometimes referred to as "junk bonds") and has high liquidity.
(Liquidity measures a company's accessibility to cash in periods
when normal cash flow may be inadequate to cover demand.)
- Midland National's liquidity is very high, with over 80 percent of
investments in cash, short-term investments and publicly traded securities.