Aqs Asset Management, L.l.c.

AQS Asset Management, L.L.C. is a Texas Limited Liability Company established on May 18, 2004, by principal shareholders Byron White and John Larry White. The firm specializes in providing investment advisory services exclusively to insurance companies, focusing on asset allocation, portfolio monitoring, asset liability management, and financial analysis for fixed income portfolios. AQS manages client assets on a discretionary basis, totaling $3,449,528,674 as of December 31, 2024. Regarding fees, AQS charges a negotiable percentage of the market value of assets managed each month, with a maximum fee of 0.25%. Fees are not deducted from client assets and are invoiced based on custodial values established two months prior. The firm does not charge additional fees for advisory services or participate in wrap fee programs. AQS does not accept performance-based fees and exclusively serves insurance companies. The firm's primary investment strategy involves asset liability matching client portfolios with insurance company liabilities, focusing on fixed-income securities. Clients should be aware of risks such as interest rate risk and credit risk. AQS has no disciplinary history and follows the CFA Institute Code of Ethics. The firm does not receive soft dollar benefits or compensation for client referrals and does not take custody of client funds. Clients have the authority to vote on securities, and AQS provides voting recommendations. AQS has not been involved in any bankruptcy petitions and does not foresee financial impairments.