High Income Municipal
Strategy Overview
The High Income Municipal strategy is an actively managed strategy appropriate for investors seeking a goals-based portfolio with the aim for higher yield/income potential. The goal of the strategy is to generate higher income while investing in a high quality, diversified portfolio. The strategy consists of fully discretionary, separately managed account (SMA) portfolios. The strategy holds individual bonds, primarily consisting of investment grade issues, which seek high income through higher duration portfolios.
Profile
| Average Maturity | 11.82 |
| Modified Duration | 5.87 |
Sector Allocation
| General Obligation | 45.18% |
| School District | 35.10% |
| Water | 6.53% |
| Utilities | 4.07% |
| Higher Education | 3.64% |
State Allocation
| Top State Allocation | % |
| Michigan | 11.46% |
| Texas | 11.02% |
| Indiana | 10.25% |
| Illinois | 8.66% |
| Wisconsin | 7.27% |
Portfolio Management Team
For more information find our strategies on Morningstar
Data as of 12/31/2024