DATA AS OF 12/31/2018
The fund seeks to maximize total return through investment in medium- and lower-grade municipal securities that are exempt from federal income tax.
Net Assets | $99.42 Million (All Share Classes) |
Sub-Adviser | Belle Haven Investments, L.P. |
Primary Benchmark | Bloomberg Barclays High Yield Municipal Bond Index |
Dividend Frequency | Monthly |
Morningstar Category | High Yield Muni |
Inception Dates | Class A - 07/31/2013 Class C - 07/31/2013 Class I - 07/31/2013 Class T1 - 03/17/2017 |
Portfolio Turnover | 119% (10/31/2018) |
30-Day SEC Yield (Subsidized) | Class A - 3.19% Class C - 2.71% Class I - 3.42% Class T1 - 3.21% |
30-Day SEC Yield (Unsubsidized) | Class A - 3.10% Class C - 2.45% Class I - 3.39% Class T1 - 3.21% |
Distribution Rate | Class A - 3.62% Class C - 3.02% Class I - 3.78% Class T1 - 3.66% |
Matthew Dalton
Brian Steeves
An actively managed strategy that seeks to identify inefficiencies in the municipal bond market with the goal of maximizing total return by investing primarily in medium-to-lower-grade fixed income securities.
- Opportunistic and tactical management within municipal bond market
- Focus on achieving total return
- Tax-advantaged income
Belle Haven Investments is a fixed income manager focused on serving Consultants, Advisors, Foundation, Family Offices and High Net Worth Individuals. Belle Haven's philosophy is centered around active management and fundamental credit analysis. With an institutional heritage, they can add value through a disciplined investment process and focus on capital preservation.