High Income Municipal
bond Portfolio Management
High Income Municipal Strategy
Actively managed SMAs targeting higher yield potential through a high quality, diversified portfolio of individual investment grade municipal bonds with higher duration exposure.
High Income Municipal Strategy
Actively managed SMAs targeting higher yield potential through a high quality, diversified portfolio of individual investment grade municipal bonds with higher duration exposure.
Higher yield
Tax-exempt income
Investment grade
SMA
Tax-exempt income
Investment grade
SMA
| Average maturity 13.94 years |
Effective duration 7.84 years |
Top 5 state allocations
| State | Allocation | % | ||
|---|---|---|---|---|
| Texas |
|
14.81% | ||
| Illinois |
|
10.22% | ||
| Indiana |
|
10.04% | ||
| Michigan |
|
9.98% | ||
| Kentucky |
|
8.94% |
Portfolio management team
| TB | Tom Bernardi, CFA, CIPMPortfolio Manager |
| JT | John TranasPortfolio Manager |
▸ Find our strategies on Morningstar or ZEPHYR PSN
Data as of 03/31/2026. For informational purposes only. Past performance is not indicative of future results.
| Bernardi Securities, Inc. · Member FINRA / SIPC | Request information → |