The Brown Advisory Municipal Bond strategy seeks to provide tax-advantaged total return based on a portfolio built on a foundation of core stability.
- We seek to identify municipal fixed income securities that are fundamentally undervalued and concentrate the portfolio around the team's best ideas.
- We believe that sound investment decisions should be based on a security's risk-reward proposition, not macro-oriented forecasts. Our portfolio seeks to perform well in various economic scenarios, with a concentration in positions that have attractive upside greater than downside risk.
- Our strategy is based on a collaborative, team-oriented investment process, where major portfolio decisions require a consensus of all fixed income team members. This ensures that new ideas are fully vetted and carefully considered from many view points.
Objective: Total return
Typical Duration Range: 3.5-5.5 years
Typical Credit Quality: Investment grade; up to 20% high yield
Vehicle: Separately Managed Account, Mutual Fund