WE SPECIALIZE IN CRAFTING PERSONALIZED INVESTMENT STRATEGIES METICULOUSLY DESIGNED TO ALIGN WITH THE UNIQUE OBJECTIVES AND FINANCIAL GOALS OF OUR CLIENTS.
STRATEGIES
TAX-EXEMPT STRATEGY
INTERMEDIATE MATURITY
1 - HIGH-QUALITY INTERMEDIATE
To manage for after-tax total return, the strategy seeks to add value through active management and access to institutional pricing, conducting thorough relative value and credit analysis to take advantage of inefficiencies in the market and maximize after-tax income. Bonds selected for this strategy typically have maturities between 1 to 15 years.
Aa2/AA
AVERAGE
CREDIT QUALITY
TARGETED AVERAGE DURATION
3.5-5.5 years
APA seeks to provide a high level of income exempt from federal income tax by investing primarily in lower-rated municipal bonds. The strategy seeks to exploit investment opportunities using relative-value and credit analysis, primarily through diversified exposure to the lower bands of investment-grade municipal bonds. Investment opportunities that maximize total return are sought through a well-defined investment process that has been in place for over 25 years.
A2/A+
AVERAGE
CREDIT QUALITY
TARGETED AVERAGE DURATION
5-7 years
TAX-FREE STRATEGY
INTERMEDIATE MATURITY
2 - ENHANCED INTERMEDIATE
TAX-EXEMPT STRATEGY
SOCIALLY RESPONSIBLE, HIGH-QUALITY INTERMEDIATE MATURITY, TAX-EXEMPT MUNICIPAL BOND PORTFOLIOS
3 - POSITIVE IMPACT
To provide the socially responsible investor with an investment option that supports positive social and environmental solutions while maximizing tax-exempt income. Managed for after-tax total return, this strategy seeks to add value through purchasing tax-exempt municipal green bonds, issued by state and local governments specifically to fund projects with clear environmental benefits. Bonds selected for this strategy have maturities within 1 to 15 years.
Aa2/AA+
AVERAGE
CREDIT QUALITY
TARGETED AVERAGE DURATION
3.5-5.5 years
TAX-EXEMPT STRATEGY
SHORT-TERM MATURITY, TAX-EXEMPT MUNICIPAL BOND PORTFOLIOS
4 - SHORT TERM
This strategy seeks to provide current income (exempt from federal income taxes) while providing liquidity and preserving capital.
Aa3/AA-
AVERAGE
CREDIT QUALITY
TARGETED AVERAGE DURATION
1-1.5 years
BOND STRATEGY
HIGH-QUALITY, TAXABLE MUNICIPAL BOND PORTFOLIOS
5 - TAXABLE MUNICIPAL
This strategy seeks to maximize risk adjusted returns through the structuring of high-quality taxable municipal bond portfolios with targeted average maturities between 1 to 15 years.
Aa3/AA-
AVERAGE
CREDIT QUALITY
TARGETED AVERAGE DURATION
3.5-5.5 years
CURRENT PERSPECTIVES
Opportunities and challenges navigating through the changing dynamics of municipal bonds in 2023.
In the realm of municipal bond investments, 2023 has ushered in a shifting landscape. As investors navigate through an ever-evolving municipal bond market, APA undertakes a comprehensive examination of market trends each quarter, providing meticulous insights and strategic perspectives.
Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product.
Not every client's account will have these exact characteristics. The actual characteristics with respect to any particular client account will vary based on a number of factors including but not limited to: (i) the size of the account; (ii) investment restrictions applicable to the account, if any; and (iii) market predicaments at the time of investment. APA reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities discussed herein will remain in an account's portfolio at the time you receive this report or that securities sold have not been repurchased. The securities discussed may not represent an account's entire portfolio, and in the aggregate may represent only a small percentage of an account's portfolio holdings. It should not be assumed that any of the security transactions, holdings or sectors discussed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment...
DISCLOSURES
DISCLOSURES
Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product. Not every client's account will have these exact characteristics. The actual characteristics with respect to any particular client account will vary based on a number of factors including but not limited to: (i) the size of the account; (ii) investment restrictions applicable to the account, if any; and (iii) market predicaments at the time of investment. APA reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The information provided in this report should not be considered a recommendation to purchase or sell any particular security. There is no assurance that any securities discussed herein will remain in an account's portfolio at the time you receive this report or that securities sold have not been repurchased. The securities discussed may not represent an account's entire portfolio, and in the aggregate may represent only a small percentage of an account's portfolio holdings. It should not be assumed that any of the security transactions, holdings or sectors discussed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed herein. Investing involves risk including the potential loss of principal. APA is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about the advisor including its investment strategies and objectives can be obtained by visiting www.assetpreservationadvisors.com. A list of composite descriptions is available upon request. Actual investment advisory fees incurred by clients may vary.