null Intermediate US Municipal Bond

Intermediate US Municipal Bond

Active Fixed Income US Income Insurance
  • Benchmark Bloomberg® Barclays 3-5-7-10 Yrs Municipals Index
  • Inception Date January 1990

Strategy Overview

The Intermediate US Municipal Bond strategy utilizes a deep level of fundamental analysis in an effort to generate strong after-tax total returns while also preserving capital appreciation. The strategy focuses on high-quality securities that offer the opportunity for yield enhancement.

Objective

The strategy seeks to maximize current income exempt from federal tax to the extent consistent with a secondary goal of capital preservation with a focus on intermediate maturity municipal bonds.

Approach

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.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.