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.



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

Inception Date




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For Financial Professionals

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