Fixed income

Municipal Strategy

The strategy aims to deliver current income from intermediate-long maturities and outperformance of the Bloomberg Municipal Bond Index by actively managing four key elements of total return: duration, yield curve, sector and credit, and security selection.

Products offered
  • Separate Account

Competitive advantages

Team

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.

Gears

Flexible but uncompromising

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

Composite performance

Average annual returns Add Minus

Average annual returns

(as of 12/31/2023)
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Fund
2.29
6.51
5.82
5.82
-0.65
2.06
2.97
4.68
Benchmark
2.32
7.89
6.40
6.40
-0.40
2.25
3.03
4.69

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.


Calendar year Add Minus

Calendar year

2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund
5.82
-8.84
1.64
5.29
7.25
0.99
5.23
0.37
3.18
9.92
Benchmark
6.40
-8.53
1.52
5.21
7.54
1.28
5.45
0.25
3.30
9.05

Performance is historical and does not guarantee future results. For more information, please refer to the GIPS composite report found in the documents section.


Our team
Meet the investment team

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

Contact Us

We look forward to helping you with your investment needs