• Individual Investor
  • Institutional Investor / Advisor
Fixed Income Strategy

Enhanced Cash

The Crawford Enhanced Cash Strategy seeks to provide tax-exempt money market funds when a more permanent allocation to cash is warranted.

Style Investment Grade Short Duration
Emphasis High Quality, Diversification, Essential Services
Inception 07/01/2008

Investment Philosophy

01
The targeted distinguishing feature for the portfolio is an extremely short call or redemption provision
02
In addition to short callable bonds, municipal bonds with short-term final maturity dates are utilized to balance out the Enhanced Cash portfolio
03
The municipal market is inefficient and many issues are not called on the first available call date
04
As a bond migrates past the first call date, the yield earned (on cost) rises
Municipal investment-grade issues: 600,000+
Essential Service/Tax-Backed Issuers, Ultra-Short Effective Maturity
Relative Value Identification and Fundamental Research
Alternative to Tax-Exempt Money Funds
Portfolio Construction Includes up to 20 Issues
Strategy Overview

Investment Process

The goal of our investment process is to identify high-quality, short-term maturity municipal bonds from the national marketplace with above-average market yield characteristics and muted price volatility.

Investment Team

Portfolio Management

Our investment team is defined by depth of experience, philosophical alignment, and long-term continuity. We seek to provide investors with disciplined decision-making and consistent portfolio management.

Meet the Team
Geoffrey S. DeLong, CFA
Geoffrey S. DeLong, CFA
Fixed Income Investments Managing Director
Jonathan R. Morgan
Jonathan R. Morgan
Fixed Income Portfolio Manager
Leslie M. Krone
Leslie M. Krone
Fixed Income Portfolio Manager

Meet the Team
Perspectives

Read More About Enhanced Cash

See All Perspectives
March Bond Policy Update
Feb2023

March Bond Policy Update

April 01, 2026 5 min read
September Bond Policy Update
Feb2023

September Bond Policy Update

September 29, 2025 7 min read
June Bond Policy Update
Feb2023

June Bond Policy Update

July 02, 2025 5 min read
Get Started

Request Strategy Information

Interested in learning more about how this strategy can support your investment program? Get in touch with a member of our team today.

600 Galleria Parkway, Suite 1650
Atlanta, Georgia 30339

Main: (770) 859-0045

Email: info@crawfordinvestment.com

24-25-Work

The AJC Top Workplaces 2024 and 2025 awards were awarded by The Atlanta Journal-Constitution in partnership with Energage. Crawford Investment Counsel did not pay any compensation for this award.

Crawford Investment Counsel, Inc. (“Crawford”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Crawford Investment Counsel, including our investment strategies, fees and objectives, can be found in our Form ADV Part 2A and our Form CRS.

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