The goal of our Taxable Income strategy is to provide an attractive income similar to that available through mutual funds investing in corporate bonds, and is designed for tax-deferred retirement accounts such as IRAs, and tax-exempt organizations who wish to add the municipal bond asset class to their portfolio.
No leverage is used. We generally avoid bonds rated below investment grade. Zero-coupon bonds may be used in tax-deferred retirement accounts where current income is a secondary consideration.
Advisory fee: 0.36% (36 basis points) annually.