Investment Approach

  • A nationally focused, laddered bond offering that seeks to provide a high level of tax-exempt income by investing in municipal securities with maturities out to six years.
  • Portfolio offers structured income streams across maturity spectrum of one to six years. 
  • Backed by our independent credit research and quantitative capabilities, our investment approach emphasizes revenue bonds over general obligation (GO) debt due to the unfunded pension liabilities burdening many state and local GO borrowers.

Current Year Performance

Past performance cannot guarantee future results. All investments are subject to risks, including possible loss of principal.

Net annual returns reflect the deduction of a 1.25% annual wrap fee which is the maximum anticipated wrap fee deducted from the “pure” gross composite returns. Actual fees may vary. “Pure” gross returns are presented before the deduction of expenses and all other fees, but may include transaction costs. Returns include reinvestment of dividends and capital gains.. 



Team (As of 12/31/2019)

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