Objective |
Consistently generate, over time and through market cycles:
- High levels of current income
- Attractive rates of return
- Lower levels of risk versus the market |
| Management Style |
Actively manage a combination of value-oriented strategies while controlling the market risk:
- Strategic sector allocation
- Controlled duration management
- Tactical trading opportunities |
| Maturity/Duration |
Average 4-7 years |
| Benchmark |
Merrill Lynch 3-7year Municipal Index |
| Quality |
Investment grade securities only. Average quality of A/A or better. |
| Primary Sectors |
Municipals - High quality general obligation and revenue bonds |
.. 