1919 Investment Counsel
Our in-depth proprietary research and rigorous credit analysis identifies compelling, high-quality, fixed income opportunities while proactively managing risk in highly customized client portfolios.
1919 Tax-Exempt Strategies
1919's Tax-Exempt strategies invest in tax-exempt securities using an active, top-down, macro approach when determining sector, duration, and term structure decisions, while individual security selection arises from bottom-up decisions focusing on credit fundamentals and security structure. We seek to achieve an attractive risk-adjusted return while balancing safety, liquidity, and yield. We give special consideration to the state of residence providing state specific and state preference portfolios regardless of state. Portfolios can be fully customized, including (but not limited to) State, Maturity, Coupon, Credit Quality, and Dollar Price. Short and intermediate versions are available.
Investment Approach
Provide an actively managed approach to traditional tax-exempt market opportunities, maximizing after-tax income, and emphasizing principal protection by investing in investment-grade, tax-exempt securities.
The strategies focus on:
Relative value analysis across sectors and issuers
Yield curve positioning and duration management
Portfolios can be state-specific, state-preference, or customized by sector, credit quality, or other factors
Our in-depth proprietary research and credit resources are leveraged to manage credit risk, opportunistically finding value in mispriced bonds all while maintaining high overall credit quality on the portfolio level.
Disclosure
All investments involve risk, including risk of loss and there is no guarantee investment objectives will be met.