The Strategic Municipal Income Strategy is an actively managed diversified portfolio of municipal bonds with an average effective duration range between zero to ten years. The portfolio can invest up to 50% in below investment grade. The strategy applies a relative value framework, focusing on fundamentals and valuations to identify inefficiencies in the market. Team members are responsible for credit research, portfolio construction, trading and risk oversight and have the flexibility to source ideas across sector, geography and issuer. The strategy maintains exposure across the maturity spectrum in order to manage duration, hedge against interest rate fluctuations, and limit taxable events.
Strategy Inception Date
1 Jan 2000