Managed Municipals

Managed Municipals

Parametric’s Managed Municipal strategies actively manage municipal bonds to turn inefficiency into opportunity.

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The municipal bond market is highly fragmented and can be inefficient. We rely on our advanced technology and large credit team to gain an edge for your high-net-worth clients.

We offer two professionally managed active solutions:

TABS Managed Municipals

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This municipal portfolio adds value by taking advantage of long-term credit trends.

TABS Total Return

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With the flexibility to cross over into US Treasuries and taxable municipals when tax-exempt municipals become overvalued, TABS Total Return goes where the opportunities are.

Each strategy buys undervalued bonds at wholesale prices and sells overvalued bonds in the retail market at marked-up prices. We adjust positioning along the yield curve to benefit from yield-curve forecasts.

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Intended benefits of fixed income

Research

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Our bottom-up fundamental analysis captures mispriced bonds.

Access

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Our size, scale, and state-ofthe-art technology give us access to new issues in institutional block sizes to achieve better pricing.

Opportunistic trading

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With more than 100 brokerdealer relationships, we can exploit yield-curve positions and supply imbalances.

Tax-efficient transitions

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Advisors get an easy-to understand transition analysis, showing clients how to move their fixed income allocation into their chosen strategy without incurring a big tax bill.

Why choose Parametric?

total firm AUM icon

$415B+

Total firm AUM

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$46.5B

Fixed income AUM

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Fixed income professionals

Years experience icon

10+

Years of average manager tenure

As of 6/30/2022

INVESTOR SPOTLIGHT

Tax management solutions

Parametric takes a uniquely active approach to tax management by harvesting tax losses continually, selling the highest-basis lots, and generating excess losses to use elsewhere in your clients’ portfolio or at another time.

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