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New York State Preference

The New York State Preference Mandate is a customization of our tax-efficient strategies.

With 62 counties, 1,647 sub-county general purpose governments, 62 cities, 932 towns and over 733 school districts, New York is a broad and diverse issuer of municipal debt. These characteristics, combined with the state’s high income tax rate, make in-state exposure highly desirable. The New York State Preference Mandate is an investment grade municipal bond portfolio that seeks to preserve capital and maximize after-tax income. The strategy employs active management, bottom-up research and proactive portfolio positioning.

Investment Objective

Preserve capital and maximize after-tax income

Eligible Investments

Tax-Exempt Municipal Bonds

Treasury Bonds

Government-Related Bonds

Corporate Bonds

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Data provided is as of 6/30/19.