Municipal Market Investment Advisors

"We're in the stay rich business, not the get rich business."
-
Craig W. Henderson

Monday, September 25, 2017
 productsmain
Two primary products are offered, both conservatively managed and focused on principal preservation and generation of income exempt from federal taxation. Intermediate product portfolios have barbell structures with large components of portfolio assets having modified durations of a year or less. These short holdings are balanced with ten to fifteen year maturity securities. Portfolio average maturities are typically about five years. Modified durations are slightly over four years when we have a neutral bias on the market. The short term product is designed to provide an alternative to tax-exempt money market funds. Portfolio effective durations are typically about six months.

 
INTERMEDIATE PRODUCT
Our investment philosophy is simple: preserve our clients' wealth. Our "defensive" style of management that supports this philosophy is equally straightforward: actively manage all holdings to maximize total return (on an after tax basis).

Our intermediate product portfolios can typically be characterized as follows:

    Avg. Effective Maturity 3.5 - 5 years
    Avg. Modified Duration 4 - 6 years
    Avg. Credit Quality AA+
    Nothing less than "A" rated

The benchmark used to gauge performance in our Intermediate Product is the Bloomberg Barclays Capital Five Year GO Municipal Index.
 
SHORT TERM PRODUCT
Our short term portfolios typically have durations of less than one year and seek to provide significant incremental return when compared, on a tax adjusted basis, to US Treasury bills, Certificates of Deposit or municipal money market funds.

    Avg. Effective Maturity .6 - .9 years
    Avg. Modified Duration 7 - 12 months
    Avg. Credit Quality AA+
    Nothing less than "A" rated

The benchmark used to gauge performance in our Short Term Product is the Bloomberg Barclays Capital One Year GO Municipal Index.

 

As of March 2016, the Traditional Product has been renamed to the Intermediate Product.
For performance numbers please contact us via phone at 312-222-1401 or email Matt Andrews at This email address is being protected from spambots. You need JavaScript enabled to view it..

 

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