[Verse 1] Meet the portfolio manager with a clever plan Active trading when the market's in their hand But when things go wrong and losses start to show There's a safety net that helps the money grow Contingent immunization is the name A hybrid strategy that changes with the game [Chorus] Switch and protect, that's the way Active to passive when performance fades away Safety first cushion keeps you on track Contingent immunization's got your back Switch and protect, know when to change From active management to bond duration's range [Verse 2] Start with active management, take some calculated risk Trying to beat the benchmark, put returns on your list But set a safety first cushion, a threshold you won't cross If portfolio value hits that floor, you'll switch to cut the loss The immunization kicks in when you reach that trigger point Bond matching saves the day, keeps your future plans on joint [Chorus] Switch and protect, that's the way Active to passive when performance fades away Safety first cushion keeps you on track Contingent immunization's got your back Switch and protect, know when to change From active management to bond duration's range [Bridge] When the market's up, you're actively in control When it's falling down, immunization saves your goal Duration matching bonds to meet your future need Guaranteed protection when active starts to bleed [Verse 3] Two strategies in one, the best of both worlds here Active upside potential when the skies are crystal clear Passive downside protection when the storm clouds roll on in Contingent immunization helps the smart investor win [Chorus] Switch and protect, that's the way Active to passive when performance fades away Safety first cushion keeps you on track Contingent immunization's got your back Switch and protect, know when to change From active management to bond duration's range [Outro] Hybrid approach for the modern CFA Contingent immunization guides the way
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