| TYPICAL INVESTOR:
|
 |
Taxable clients who have a lower marginal
tax rate or who have significant |
| |
tax deductions which can be used to offset
taxable income |
| |
| TYPICAL OBJECTIVES: |
|
After-Tax Total Return |
|
Optimize After-Tax Income Relative to Tax Considerations |
| |
|
| AVERAGE MATURITY RANGE:
Various; Generally < 10 YRS. |
| AVERAGE DURATION RANGE: Various;
Generally < 7 YRS. |
| AVERAGE CREDIT QUALITY:
AA+ OR ABOVE |
| |
|
| SECTORS: |
|
Investment Grade Municipal and Taxable Bonds |
| |
|
| BENCHMARKS: |
|
Blend of Municipal and Taxable Index |
| |
i.e. 70% Lehman Aggregate; 30% Lehman 5 Year Municipal |
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