Vestor Capital U.S. Tax Exempt Municipal Bond Strategy
Vestor Capital's Tax Exempt Bond Strategy is offered through a sub-advisory relationship with an experienced fixed income advisor managing in excess of $12 billion. Our Tax Exempt Bond Strategy offers portfolios to Clients who require tax-exempt income and seek an allocation to high quality municipal bonds. Securities include primarily investment grade general obligation or essential service revenue bonds. The result is a portfolio with an average AA credit rating and an effective maturity of between 3 and 5 years. Independent and proprietary credit research is employed by our sub-advisor as a means of confirming and testing the veracity of the underlying municipal insurance of each respective bond. We believe that bond insurers have highly concentrated risks, and are subject to default. Portfolio management is extremely conservative, with capital preservation as an important part of every aspect of the process. The objective of this strategy is to outperform in bear bond markets and keep pace in bull bond markets. The performance of the strategy is benchmarked against the Barclay's 3 Year Municipal Bond Index.