“This fund has the broadest mandate of any of our municipal bond funds, which allows the fund to ‘go where the value is.’ We leverage our focus on fundamental, bottom-up credit analysis—a skill long ignored by the municipal bond market but now back in favor—to take advantage of these opportunities.”
— Nicholos Venditti
The strategy is defined by its flexibility. We have the ability to invest anywhere along the yield curve, depending upon our perception of where the greatest relative value for a given level of risk lies. Terms range from overnight to around 40 years.
We also enjoy the flexibility to invest anywhere along the credit spectrum and can place up to 50% of the portfolio in non-investment-grade bonds.