Objective
Seeks to exploit market inefficiencies to deliver yield within an overall defensively-constructed portfolio.
Why This Strategy?
People
Senior Portfolio Managers Troy Willis and Charlie Pulire have an average of 20 years of municipal bond investing experience and are supported by a three-person investment team.
Portfolio
A diversified short-duration, high-grade portfolio focusing on investing in 100-120 bonds from overlooked and under-appreciated sectors of the municipal bond market.
Philosophy
Our goal is to maximize returns through federally tax-exempt investments with an average effective maturity of less than three years.
Process
We seek to uncover market inefficiencies, carefully selecting short-duration, high-quality, short-call municipal bonds that generate coupon interest while avoiding leverage and investment in vehicles such as mutual funds.
