Wisconsin Tax-Free Strategy
The strategy seeks total return by investing for a high level of current income that is exempt from federal and Wisconsin income taxes. It invests primarily in higher- and medium-quality municipal obligations and may also invest up to 25% of net assets in below-investment-grade securities. 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.
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.
Exploiting market inefficiencies while employing prudent risk management
Investment success results from disciplined return-enhancement strategies balanced with prudent risk management.
