Municipal Fixed Income
Strategy Description
The objective of the Municipal Fixed Income strategy is to provide current income and preserve capital by investing primarily in highly liquid, investment grade municipal bonds and ETFs. The municipal holdings can be diversified across multiple states to avoid risks certain states pose. As such, some of the income may or may not be double-tax free. The portfolio also invests in U.S. government, corporate and international debt to reduce risk and enhance overall yields.
Key Benefits
- Broad diversification in multiple bond asset classes
- Hedge against inflation
- Hedge against U.S. dollar