Strategy Focus

   ▪  Maximize "After-Tax" Income

   ▪  Credit Driven

   ▪  Benchmark: Barclay's Municipal High Yield 65 HG/35 HY 

 

Investment Philosophy

 

Our unwavering commitment to grow and protect our client’s principal is at the core of each of our strategies. We believe that by applying our diversified research intensive management style within a universe of lower rated municipal bonds, we can provide a higher level of current income that is sustainable.  Historically, municipal bonds within the A, BBB, and BB ratings categories have carried much lower default experience than taxable bonds of similar credit quality while delivering stronger returns on a risk-adjusted and after-tax basis.  While there may be short-term volatility, we believe over a reasonable investment horizon, investors are provided the best opportunity to maximize total return and income with this strategy.