CORE TAX-EXEMPT

See the ADV for Advisors Asset Management, Inc. for more information about the firm, fees, strategies and related risks. The results and portfolios for individual portfolios may vary. Investment returns and principal value will fluctuate and there can be no assurance that any strategy’s objective will be achieved.

The Bloomberg Municipal 1-10 Year Blend Index measures the performance of municipal bonds with maturities between one and 10 years and is a component of the Bloomberg Barclays Municipal Bond Index, which covers the USD-denominated long-term tax-exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and pre-refunded bonds.

Principal Risks:  Fixed income securities, including municipal bonds, are subject to certain risks including, but not limited to: Interest rate risk is the danger that changes in interest rates may cause a decline in the market value of an investment. Credit risk is the risk that the bond issuer may not be able to pay interest or return principal due to changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral. Market risk, or systematic risk, is the risk that results from the characteristic behavior of an entire market or asset class. Below investment grade securities, also known as high yield or junk securities, may be considered speculative and may be subject to greater market and credit risks. Accordingly, the risk of default may be higher than with investment grade securities. In addition, these securities may be more sensitive to interest rate changes and may be more likely to make early returns of principal. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC/CC/C and D are below-investment grade ratings. Prepayment risk is the risk that debt issuers may repay or refinance their loans or obligations earlier than anticipated. Duration risk measures the sensitivity of a bond’s price to a one percent change in interest rates. The higher a bond’s duration, the greater its sensitivity to interest rates changes.

CRN: 2022-1128-10482 R Link 7436
Portfolio Facts
Strategy Inception:   11/2004
Benchmark:   Bloomberg Municipal 1-10 Year Blend Index
Objective:   Tax-exempt Income and Capital Preservation
Minimum Investment:   $125,000
Lead Portfolio Manager
JB_Golden 

JB Golden, CFA®

Executive Director, Portfolio Manager

Years of experience: 13-plus

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