For the High Income Investor

ICM offers to taxable clients an active, total return Municipal Bond strategy. Our active approach to municipal bond management strives to provide competitive tax-free coupon income while taking advantage of market inefficiencies and trading opportunities to produce cumulative after-tax total returns greater than those of a traditional laddered or buy-and-hold strategy over time.

Portfolio Characteristics Municipal Bonds
Number of Issues Typically 15-25 Per Portfolio
Duration Range Varies with Interest Rate Expectations
Issue Maturity Range 0-20 Years
Minimum Account Size $250,000
Current Yield Approximately 3.0%
Recommended Benchmarks Barclays Capital 5-Year Municipal
Bond Index