Short Duration Municipal Bond Strategy

Our actively managed Short-Duration Municipal Bond Strategy seeks to outperform other short-term investment strategies such as money market funds and treasuries by carefully purchasing short-duration, high-quality, short-call municipal bonds that generate coupon interest. The strategy uses no leverage, nor does it invest in other investment vehicles such as mutual funds or other pooled investment vehicles.

  • FEDERALLY TAX-FREE
  • AVERAGE DURATION OF ONE-YEAR OR LESS TO LIMIT RISK
  • LABOR-INTENSIVE PROCESS UNCOVERS MARKET INEFFICIENCIES
  • QUALITY-FOCUSED DUE DILIGENCE PROCESS BORN OF 30+ YEARS EXPERIENCE
  • MANAGED IN SEPARATELY MANAGED ACCOUNTS AT THE CUSTODIAN OF CLIENT’S CHOOSING
FOCUSED, TAX-EFFICIENT STRATEGY

— An actively managed, tax-efficient strategy that capitalizes on portfolio manager expertise and inefficiencies in the secondary municipal bond market
— Maximize returns versus other short-term strategies by investing in short-duration, high-quality municipal bonds which carry interest income exempt from federal and, as applicable, state tax

VALUE PROPOSITION

— Purchase bonds primarily at auctions on the bid side of the secondary market
— Purchase short-call bonds that have bypassed their initial calls and have little or no call history
— Purchase bonds with attractive yield-to-call and yield-to-maturities

INDUSTRY EXPERTISE

— Manager has spent entire career in municipal bond market
— Manager has managed strategy since 2011

CONSISTENT RETURNS OVER TIME

— Across SMAs, returns have been consistent since strategy inception

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David Weiner

Managing Partner
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Eric Sellinger

Managing Partner
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2023 January Update- Municipal Bond Strategies

2023 January Update- Municipal Bond Strategies

2023: INCOME IS BACK- One (maybe the only?) Positive From the Pain of 2022 Fixed Income investors finally had the year many were predicting over the last decade, ending eight consecutive years of positive total returns for the broad municipal bond market. Much like...

2023 January Update- Municipal Bond Strategies

Jan 18, 2023

2023: INCOME IS BACK- One (maybe the only?) Positive From the Pain of 2022 Fixed Income investors finally had the year many were predicting over the last decade, ending eight consecutive years of positive total returns for the broad municipal bond market. Much like...