Capstone's Municipal Bond strategy seeks to maximize after tax income and preserve capital. We reduce risk levels in portfolios by managing duration and utilizing "A" and higher rated insured bonds which are not subject to AMT and are generally insured. Capstone's Municipal Bond strategy is available for national, state specific and customized portfolios.
Capstone focuses on municipal bonds with maturities in the one to twenty year range. This allows us flexibility to properly manage duration and to capture the best opportunities along the yield curve. The average duration is 3-5. This intermediate concentration offers less price fluctuation yet efficient opportunity.
Tax-exempt municipal bonds are among the most popular types of investments available today, and with good reason. They offer a wide range of benefits, including