Objective and Approach

The Genoa Intermediate Municipal Bond Strategy seeks income and total returns through customized portfolios of high-grade, tax-exempt municipal bonds tailored to the specific needs and objectives of the client.

Portfolio Construction

• +/- 15 bonds per portfolio
• AA to A target average rating
• BBB minimum rating
• +/- 1 year duration versus benchmark

Flexible Allocation

Based on Investor state of residence:

NationalDiversification for clients with no state income tax obligations
State PreferenceFlexible portfolio of in-state or out-of-state bonds selected for
after-tax yields and value characteristics
State SpecificSeek to maximize after-tax yields for clients in high tax states
such as California and New York

We strive to enhance our personalized portfolios with diligent fixed income research across markets, sectors, and individual securities.

We seek to further enhance our portfolios through opportunistic trading based on our long experience and our flexibility as a nimble, boutique fixed income manager.