Highlights
Pursues a high level of total return by leveraging our deep expertise in non-standard bond structures, in particular callable municipal bonds
Achieves what we consider more accurate valuations of complex bond structures relative to industry-standard pricing benchmarks, informing careful security selection to add value to portfolios
Employs a disciplined approach to structuring Municipal Extended Value portfolios, including purchasing longer-maturity bonds and actively selling with the goal to capture additional rolldown return
Pursues enhanced tax-efficiency through our systematic tax loss harvesting process 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 muni SMA clients