HIGH-INCOME MUNICIPAL BOND STRATEGY

With a historically low-yield environment as the backdrop, Principal Street Partners’ (PSP) pure high-yield strategies are opportunistically designed to potentially generate maximum tax-exempt income.

Although income is the primary objective, the strategy is also geared to provide meaningful total return in order to achieve a solid overall risk-return profile for our investors.

The portfolio construction for Principal Street’s High Income Municipal Bond strategy is characterized by a proprietary intensive fundamental credit analysis and focused on sectors that we believe present the best relative value and greatest upside potential in an effort to uncover investment opportunities that may produce a high stream of federally tax-free income.

The strategy is a nationally diversified portfolio of high-yielding tax-exempt securities with a focus on project revenue bonds in sectors deemed vital to the economy, such as healthcare, manufacturing, transportation, power/energy and education (public/private). PSP will selectively invest in innovative, non-traditional, new dynamic sectors (such as charter schools, continuing care retirement communities and alternative forms of power/energy), which are historically higher-yielding and may provide long-term opportunities for enhanced total return and income.

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