Fixed income

Municipal Income Strategy

The strategy seeks total return as well as current income exempt from federal income tax. It invests in a diversified portfolio of primarily intermediate- to long-term municipal obligations that are investment-grade or above. It allows up to 25% in taxable municipals. The objective is to outperform the Bloomberg Municipal Bond Index by actively managing the four key elements of total return: security selection, sector rotation, duration management, and yield-curve positioning.

Competitive advantages


Independent thinking and discipline

A large, seasoned team of municipal fixed income analysts is supported by compliance and portfolio analytics systems.

Brand Idea

Collaboration across asset classes

The team can use taxable fixed income analysts to gain intelligence on corporate bonds.


Flexible but uncompromising

The team has the willingness and ability to move down in credit without compromising the investment process.

Our team
Meet the investment team

Investment success results from disciplined return-enhancement strategies balanced with prudent risk management.

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We look forward to helping you with your investment needs