Municipal Bond Strategy

We believe that sound investment decisions should be based on a security's risk-reward proposition, not macro-oriented forecasts. Our portfolio seeks to perform well in various economic scenarios, with a concentration in positions that have attractive upside greater than downside risk.

Our strategy is based on a collaborative, team-oriented investment process, where major portfolio decisions require a consensus of all fixed income team members. This ensures that new ideas are fully vetted and carefully considered from many view points.

Objective: Total return

Typical Duration Range: 3.5-5.5 years

Typical Credit Quality: Investment grade; up to 20% high yield

Vehicle: Separately Managed Account, Mutual Fund

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