Investment Partners

The Genoa Intermediate Municipal Bond Strategy seeks income and total returns through customized, risk-aware portfolios of high-grade, tax-exempt municipal bonds.

The Strategy provides flexible allocations based on an investor’s state of residence:

Bond ladders are a time-tested strategy. A laddered bond portfolio consists of bonds with varying maturities. As holdings mature, the proceeds may be reinvested into new bonds, or redeployed for your personal or investment needs.

By owning bonds with different maturity dates—the rungs of the ladder—and reinvesting in longer-term bonds as each bond matures, you can manage your income stream and risks over time, as well as adjust to changing market conditions, interest rates, and personal requirements.

How Genoa Enhances The Bond Ladder

First, we allocate the core of the portfolio to a ladder of high-quality bonds with one to ten-year maturities, each bond carefully selected based on our proprietary research. Then, we dynamically deploy portions of the portfolio to both:

and

Over time, we will adjust the allocations to shorter and longer maturities to complement the core bond ladder as interest rates and fixed income markets evolve.

We believe we can enhance the traditional bond ladder by adding these additional allocations to shorter-term and longer-term bonds—providing the flexibility to capture income opportunities as interest rates change across market cycles. The graphic below illustrates how Genoa seeks to enhance your bond ladder:

The Genoa Opportunistic Income Strategy seeks to maximize total return, including both income and appreciation, by identifying undervalued and opportunistic sectors and securities in the U.S. fixed income markets. For this strategy, our portfolio managers pursue income opportunities utilizing a four-step process:

With a broad mandate, the Genoa Opportunistic Income Strategy can select from across a diverse array of bonds and income-generating securities, including:

Genoa believes this flexible approach provides greater opportunities for total return compared to sector-specific or target-duration strategies.

The Genoa Quality Income Strategy seeks enhanced income and total returns primarily in high grade taxable bonds.

With a flexible mandate, the Genoa Quality Income Strategy searches for yield opportunities from across the spectrum of investment grade bonds, including:

The strategy invests in sectors, structures, and securities within the investment grade fixed income universe which Genoa believes to be undervalued.

The Genoa Quality Income Strategy is designed for investors seeking yield and total returns from a portfolio of carefully selected bonds issued by financially strong issuers.