Our Approach
Our approach to municipal investing combines quantitative relative-value analysis, rigorous fundamental credit research, and disciplined risk management. We evaluate opportunities across the yield curve, credit quality, sectors, states, and bond structures to identify where market pricing may not fully reflect underlying fundamentals or return potential.
Rather than relying primarily on forecasts for the direction of interest rates, we focus on finding relative value across the municipal market.
By the Numbers
As of September 30, 2026.
Assets Under Management
Launched Municipals Platform
Years of Continuous Portfolio Management Across 6 Lead PMs
Our Municipals Capabilities
Short Municipal
Focuses on high-quality, short-duration municipal bonds for tax-exempt income and lower interest-rate sensitivity.
Intermediate Municipal
Serves as an actively managed core allocation, seeking to achieve attractive risk-adjusted returns.
Long Municipal
Invests in longer-maturity municipal bonds to pursue higher tax-exempt income and total return potential.
High Income Municipal
Seeks higher tax-exempt income through active selection of lower-rated and unrated municipal bonds.
Municipal Ladder
Uses staggered maturities to seek regular tax-exempt income and help manage interest-rate risk.
Featured Products
Explore a range of actively managed municipal strategies designed to address different income, risk and portfolio objectives.
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