Tax-exempt entities such as endowments, foundations, pension funds, as well as investors holding tax-deferred accounts, typically seek to maximize return while limiting risk. We customize taxable fixed-income portfolios to help our tax-exempt investors achieve their objectives. In particular, we believe taxable municipal bonds have a valuable role to play given their strong credit quality and attractive yield.
For example, taxable municipal bonds can serve as:
- A core intermediate fixed-income allocation
- A satellite fixed-income strategy to provide diversification to other spread sectors
- An effective liability-driven investment
More information on the taxable municipal market and the Build America Bond program is available in our
Build America Bond and Taxable Muni Resource Center.
Client Profile: Foundation
Client Profile: Taft-Hartley
