A Focus on
Fixed Income

Appleton Partners strives to maintain and diversify institutional portfolios and incorporate fixed income as a tactical portfolio allocation.

Our focus on capital preservation acts as a hedge versus other asset classes. We engage a top-down team approach to our overall market strategy which is primarily in response to interest rate and credit trends; bottom-up research at the security level supports our portfolio construction process.

Institutional Investment Grade Strategies

SHORT-TERM
MUNICIPAL
INTERMEDIATE
MUNICIPAL
INTERMEDIATE
TAXABLE
STRATEGIC MUNICIPAL
CROSSOVER

Portfolio Objective

Preservation and growth of capital in a tax efficient manner with disciplined management of liquidity risk and credit risk, and limited rate risk

Portfolio Objective

Preservation and growth of capital in a tax efficient manner with disciplined management of liquidity risk, interest rate risk, and credit risk

Portfolio Objective

Preservation and growth of capital focusing on yield curve positioning, sector rotation, and security selection within management guidelines for interest rate risk, and credit risk

Portfolio Objective

A customized strategy to achieve preservation and growth of capital with disciplined management of liquidity risk, interest rate risk, and credit risk utilizing a combination of taxable and tax-exempt securities.

Portfolio Design

Research intensive, customized portfolio design process reflecting individual clients’ state preference, tax needs, and risk profile.

Portfolio Design

Research intensive, customized portfolio design process reflecting individual clients’ state preference, tax needs, and risk profile.

Portfolio Design

Research and market expertise focused on positioning portfolios to benefit from the following high grade asset classes: US Treasury Notes/Tips, Government Sponsored Entities (GSEs), Investment Grade Corporates, Investment Grade Taxable Municipals

Portfolio Design

A portfolio design which opportunistically combines the strategies of both Intermediate Municipal and Intermediate Taxable to optimize individual clients' after tax returns, and increase portfolio diversification

Average Maturity Range:

1–6 Years

Average Maturity Range:

3–12 Years

Average Maturity Range:

2–10 Years

Average Maturity Range:

2–12 Years

Target Average Duration:

2.25–3.25 Years

Target Average Duration:

4.5–5.5 Years

Target Average Duration:

3.5–4.5 Years

Target Average Duration:

4.0–5.5 Years

Credit Rating Discipline:

Minimum A or better

Credit Rating Discipline:

Minimum A or better

Credit Rating Discipline:

Minimum Baa1 or better

Credit Rating Discipline:

Minimum Baa1 or better

Benchmark:

Primary – Barclays Managed Money Short

Benchmark:

Primary – Barclays Managed Money Short/Intermediate

Benchmark:

Primary – Merrill Lynch US Corp & Gov't 1-10 Yr A-AAA

Benchmark:

Blend of Barclays Managed Money Short/Intermediate and Merrill Lynch US Corp & Gov't 1-10 Year A-AAA

*These investment strategies may change due to market conditions over time.