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At-a-glance
PROVIDES ACCESS TO |
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INVESTABLE UNIVERSE |
Investment grade fixed income:
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BENCHMARK |
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AVERAGE EFFECTIVE DURATION TARGET (YEARS) |
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AVERAGE CREDIT QUALITY TARGET |
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Overview
The taxable municipal bond strategy seeks to generate current income with limited risk to capital, by investing primarily in investment grade taxable municipal securities.
Strategy highlights
- Pursues market inefficiency: Seeks to capitalize on inefficiencies in the municipal bond market by rigorously evaluating individual bonds, sectors, bond structures, yield curve, and duration positioning.
- Bottom-up, research-driven approach: Purchases bonds with attractive credit spreads, while identifying mispriced areas of the yield curve that offer high income potential per unit of duration.