Tax Advantaged Municipal

Our Tax Advantaged Municipal Fixed Income strategy seeks to take advantage of inefficiencies within the market that offer a measurable return advantage and meet our quality standards. The strategy seeks to use active yield curve, credit and structure positioning, while having the ability to tactically allocate up to 30% of the portfolio to short maturity taxable bonds. The strategy provides the potential to increase after-tax yields, while enhancing liquidity and reducing volatility. The strategy’s objective is to provide income exempt from federal income taxes and is managed to provide a high income stream.

Approach

The strategy seeks to use active yield curve, credit and structure positioning, while having the ability to tactically allocate up to 30% of the portfolio to short maturity taxable bonds. The strategy focuses on taking advantage of inefficiencies within investment grade credit and bond structures to maximize total return while matching the interest rate risk profile of the underlying index.

Fixed Income Team

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Investment Vehicles

  • Separate Account
  • Mutual Fund

Tax Advantaged Municipal Fixed Income strategy

The strategy seeks to provide income exempt from federal income taxes and is managed to provide a high income stream.

Insights

April 11, 2025
1st Quarter Recap: Treasuries Shine Fixed income returns were strong–driven by Treasuries–as investors sought stability amidst changing dynamics around global trade policies.
March 27, 2025
Value/Growth Cycles: Their Durations and the Extraordinary Current Cycle Many economic and financial measures go through cycles – economic cycles (GDP, profits), financial market cycles (bull/bear stock markets, interest rate cycles) and intra-market cycles (value versus growth, large versus small).
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March 19, 2025
Lower Yields in February Municipal bonds in February ended the month with a move lower in yields. However, the Bloomberg IG Muni Index lagged other Bloomberg FI indices such as UST and US Corps.

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All opinions expressed in this material are solely the opinions of Segall Bryant & Hamill. You should not treat any opinion expressed as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of the manager’s opinions. The opinions expressed are based upon information the manager considers reliable, but completeness or accuracy is not warranted, and it should not be relied upon as such. Market conditions are subject to change at any time, and no forecast can be guaranteed. Any and all information perceived from this material does not constitute financial, legal, tax or other professional advice and is not intended as a substitute for consultation with a qualified professional. The manager’s statements and opinions are subject to change without notice, and Segall Bryant & Hamill is not under any obligation to update or correct any information provided in this material.