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Overview

Why Choose This Strategy?

  • To achieve tax-free income for tax sensitive clients
  • For a high-quality municipal bond allocation, potentially add additional ballast within portfolios
  • Low to moderate interest rate volatility within the municipal bond space

Investment Strategy

  • The municipal bond team follows a disciplined, research-driven, risk-managed process to identify attractive relative value within the investment grade municipal universe
  • Portfolio managers and credit research analysts select securities based on rigorous internal quantitative and qualitative review. Security selection seek to exploit sector, state, and individual security relative value opportunities.
  • Interest rate risk is managed by targeting duration exposure within close proximity to the benchmark.
  • Maturity structure is actively adjusted relative to the benchmark to take advantage of current and anticipated changes to the shape of the yield curve.
  • Tax implications, including tax loss harvesting, can play an integral role in the relative value analysis conducted to evaluate investment alternatives.

Facts

Objective

Seeks to emphasize capital stability, while providing tax-free income.

Inception Date

05/01/94

Management

Loomis, Sayles & Company

  Joined the Firm Began Investment Career
Dawn Daggy-Mangerson Photo

Dawn Daggy-Mangerson

Managing Director - Municipal Portfolio Management Team

Full Bio

2006 1988
Pramila Agrawal Photo

Pramila Agrawal, PhD, CFA®

Vice President, Portfolio Manager and Head of Custom Income Strategies

Full Bio

2007 2007

Literature

Sales & Support

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