Fixed Income

Municipal Bond & Taxable Bond Portfolio Management
Both MeadowBrook's Municipal Bond & Taxable Bond Process incorporates a very disciplined approach which seeks to provide value while maintaining a high quality, diversified portfolio.
Fixed Income Philosophy:
  • Focus on Unique Client Circumstances
  • Seek Value
  • Maintain Quality
  • Control Maturity Structure
Each individual's current and anticipated future tax circumstances will determine the optimal mix of taxable and/or tax free bond securities.

Construct a portfolio with a maturity targeted for each client: The average maturity for each client's bond portfolio will be mutually determined and be consistent with customer needs and objectives.

Construct a portfolio with a maturity targeted for each client: The average maturity for each client's bond portfolio will be mutually determined and be consistent with customer needs and objectives.

Identify sectors/securities offering attractive value by employing historical spread, duration and yield curve analysis.

Utilize investment grade securities (BAA or better) to build a portfolio.

Provide attractive income while limiting volatility over an interest rate cycle.

Avoid risks associated with interest rate forecasting.
Municipal Market Dynamics vs. Taxable Bonds
  • Rates are impacted more by supply and demand
  • Current and proposed tax legislation widens and narrows spreads relative to taxable bonds
  • Municipals always have an upward sloping yield curve
  • Municipals have had a very low historical default rate
© MeadowBrook Investment Advisors LLC
17199 N. Laurel Park Drive, #311 Livonia, MI 48152
Phone (734) 953-8688 | FAX (734) 953-9170