[Verse 1] Portfolio manager with a clever plan Active hunting when the markets expand But when performance drops below the floor Safety net appears, immunization's core Minimum target locked inside the vault Hybrid strategy without any fault [Chorus] Contingent immunization, switch and flow Active when you're winning, passive when you're low Threshold triggers transformation overnight From hunting alpha to matching duration tight Safety first but opportunity calls Contingent immunization catches all the falls [Verse 2] Surplus vanishes like morning mist Time to pivot, can't afford to miss Dedicated matching takes the wheel Bond duration makes the portfolio heal Cushion spread determines when to leap Active management or safety sleep [Chorus] Contingent immunization, switch and flow Active when you're winning, passive when you're low Threshold triggers transformation overnight From hunting alpha to matching duration tight Safety first but opportunity calls Contingent immunization catches all the falls [Bridge] Monitor the surplus every trading day When it shrinks the strategy must change its way Liability matching becomes the game Interest rate risk tamed and kept the same Floor value guaranteed through thick and thin Hybrid wisdom lets the best approach win [Chorus] Contingent immunization, switch and flow Active when you're winning, passive when you're low Threshold triggers transformation overnight From hunting alpha to matching duration tight Safety first but opportunity calls Contingent immunization catches all the falls [Outro] Best of both worlds in a single frame Active hunting, passive safety game Contingent rules keep the promise true Immunization strategy sees you through
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