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Municipal Bond Impact

Active Fixed Income US Responsible Investing Infrastructure Income
  • Benchmark Custom Muni ESG Index
  • Inception Date July 2016

Strategy Overview

The Municipal Bond Impact strategy is designed to emphasize high-quality securities that encompass favorable environmental, social and governance (ESG) criteria with issue proceeds that support positive impact through municipal investing.

The strategy seeks to maximize current income exempt from federal tax, to the extent consistent with a secondary goal of capital preservation, while providing positive social and environmental impact.

We take a pragmatic, long-term approach to municipal bond investing, utilizing a combination of bottom-up and top-down processes, which allows us to identify bonds that are attractive on a risk-adjusted basis. This approach has the potential to result in an emphasis on essential purpose revenue bonds that are fundamentally stable to improving and may provide meaningful income with attractive yields.

Through our research expertise and trading acumen, we seek to achieve best execution on relative value opportunities rather than relying on interest rate forecasting to deliver excess return. We focus on sectors and securities with stable, investment grade credit characteristics. We avoid bonds with deteriorating credit fundamentals or poor relative valuations as well as those that deliver excessive volatility to portfolio returns.

Please note that all investment strategies involve risk.