Municipal Enhanced Yield

Strategy Summary

  • Style: National, Long-Term
  • Approach: Active; Top-Down/Bottom-Up
  • Benchmark: BofA Merrill Lynch 15+ Year Municipal Index
  • Inception: 4/1/2006
  • Strategy Assets: $236 MM as of 12/31/16

Investment Philosophy

We believe that by applying our diversified research intensive management style within a universe of longer-term bonds, we can provide a higher level of current income that is sustainable. Historically, the long end of the curve has delivered the highest absolute municipal bond returns. While there may be short-term volatility, we believe over a reasonable investment horizon, the long end is the best opportunity for an investor to maximize total return and income.