Highlights
Focuses on generating premium income and excess total return over traditional intermediate term municipal ladders* while seeking to maintain a high level of capital preservation
Aims to capitalize on muni market inefficiencies by leveraging credit and quantitative research to identify mispricings in investment grade municipals
Uses an “enhanced ladder” structure strategically comprised of both 1 – 8 year bullet bonds and callable bonds with maturities extending out to 15 years in an effort to generate structural alpha and capture incremental yield
Strives to maximize the tax-efficiency of portfolios through a systematic tax loss harvesting process, a cautious approach to portfolio turnover, and the option of National, California, or New York state-specification
Leverages our specialized separately managed accounts (SMA) team, which seeks to provide best-in-class service tailored to the needs of SMA clients