National Municipal Bond
Investment Objective
The objective of the National Municipal Bond product is preservation of capital while maximizing after-tax yield within the confines of a high quality, income oriented portfolio.
Investment Process
Our Fixed Income Group creates separately managed high quality municipal portfolios tailored to a client’s specific needs. The team stresses the importance of geographic diversification and laddering of intermediate maturities as part of the portfolio construction in order to reduce risk. The approach focuses on the income portion of total return. Sophisticated sector and structure selection is used to capture above market yields. Our highly efficient trade execution process exploits the inefficiencies in the municipal bond market, resulting in better pricing and higher yields for our clients.
Research Team
Our Fixed Income Group consists of 3 investment professionals with deep experience focused exclusively on fixed income and one research analyst. The average investment experience of the team is 19 years.
Differentiating Factors
- Individually constructed, high quality portfolios
- Sophisticated sector and structure selection
- Efficient trade execution
- National and state-specific portfolio construction expertise
- Alternative Minimum Tax (AMT) issue expertise
Fact Sheet
- High quality portfolios invested in US Treasury and agency, corporate, and taxable municipal securities.
- Portfolios designed to maximize after-tax yield within the confines of high quality by investing in sophisticated municipal securities across the country.
- Our municipal bond portfolios can be customized to invest solely in the state of residency if the client requests.