Fixed Income SMA

We offer four broad fixed-income portfolios. In addition, we have the ability to further customize these portfolios to meet specific needs or objectives. Please contact us if you would like to discuss alternative portfolio management strategies. Additional details of these specific individual bond strategies can be found on the YieldQuest Portal client site, or by contacting us directly.

YieldQuest Individual Municipal Bond Portfolios

YieldQuest Individual Municipal Bond Portfolios utilize investment grade individual municipal bonds with an overall portfolio duration target of two to seven years (client dependent). While turnover in these portfolios will generally be relatively low, we may take advantage of yield curve movements over time to lock in investment gains or to take advantage of tax loss swapping when the environment permits. We feel our municipal bond strategy as it relates to odd lot bonds, premium and zero coupon bonds, etc. may add meaningful value to "plain vanilla" municipal portfolios. Details of these specific individual bond strategies can be found on the YieldQuest Portal client site.

YieldQuest Individual Taxable Bond Portfolios

YieldQuest Individual Taxable Bond Portfolios utilize investment grade individual taxable bonds with overall portfolio duration target of two to seven years (client dependent). We make use of a variety of instruments depending on our assessment of relative value, including but not limited to: US Government Agency bonds, US dollar denominated corporate bonds, US Government bonds, US Agency mortgage-backed securities and CMOs, secondary market bank CDs, and taxable municipal bonds. Turnover in this portfolio may be low to moderate based on changing valuations within these sectors and yield curve movements.

YieldQuest Municipal Bond Strategies Portfolios

YieldQuest Municipal Bond Strategies Portfolios combine individual municipal bonds (as outlined above) with additional securities and strategies, namely exchange traded municipal bond funds. We have an infrastructure in place that may allow us to effectively navigate this inefficient market to the benefit of our clients. These ETFs and sub-sectors therein may add risk adjusted return potential to client portfolios and have been a main contributor to our success in the past.  In addition to individual municipal bonds and ETFs, we may also employ other investment vehicles in these accounts. Some of these include, but are not limited to, preferred stocks, other taxable bonds if the after-tax yield is favorable, and specialty open-end funds that offer strategies not available to us elsewhere (such as hedging strategies using inverse Treasury funds). Turnover in these accounts may be moderate as ETFs are an intermediate trading strategy. Tax considerations may play a role in determining portfolio turnover.

YieldQuest Taxable Bond Strategies Portfolios

YieldQuest Taxable Bond Strategies Portfolios combine individual taxable bonds (as outlined above) with additional securities and strategies, namely ETFs. Just as in our municipal bond strategies portfolios, we take advantage of opportunities in taxable exchange traded funds. In addition, we may also utilize specialty ETFs on the taxable side such as foreign and emerging market debt, REIT's, TIP's, and high-yield funds (subject to client needs and objectives). Turnover in this account may be moderate as the relative attractiveness of individual bond sectors change, ETFs become cheap or expensive, and our model allocation changes over time. As with muni strategies, we may also employ other investments such as preferred stocks, and specialty open-end funds that offer strategies not available to us elsewhere (such as hedging strategies using inverse Treasury funds).