At Breckinridge, we proactively manage tax-exempt and taxable municipal bond portfolios with the goal of achieving a higher level of return with less risk.
With over $5 billion in assets under management and more than 125 years of collective experience in municipal securities, we understand the value of fundamental credit analysis, opportunistic trading and, most importantly, the preservation of capital.
We adhere to the following principles:
- Municipal bonds are often greatly over- or undervalued due to the inefficient nature of the market - we believe these opportunities can be exploited to improve a portfolio's risk adjusted return.
- Portfolios should be customized according to each client's objectives and risk parameters.
- A portfolio's maturities, sectors, and call features must be managed to strike the optimal balance between risk and return.
- Above all else, our management focus must be on preserving capital and generating a reliable income stream.
