Easterly Asset Management's Focus on Municipal Bonds
Easterly Asset Management, renowned for its commitment to delivering robust investment solutions, has recently launched the Easterly ROC Municipals. This initiative is particularly designed for investors aiming to navigate the complexities of municipal bonds while achieving tax-aware and yield-driven total returns.
The Expertise Behind Easterly ROC Municipals
The newly formed municipal bond investment team, composed of seasoned experts, including Troy Willis and Charlie Pulire, brings a wealth of experience. This knowledgeable group originated from OppenheimerFunds Rochester, where they honed their skills in the municipal bond sector.
Leadership and Experience
Troy Willis, JD, CFA, who serves as Co-Head Municipals and Senior Portfolio Manager, showcases a proven track record in achieving superior results. Alongside him, Charlie Pulire, CFA, also Co-Head Municipals, contributes significant expertise that strengthens the team's investment capabilities. Supporting this duo are credit analysts Rich Stein and Rene Vecka, further enhancing the team's foundational strength.
Acquisition and Fund Launches
In April 2024, the company completed the acquisition of valuable assets through its dealings with Principal Street Partners, including the PSP High Income Municipal Bond Mutual Fund and the PSP Short Term Municipal Fund. This strategic move paved the way for the introduction of Easterly ROCMuni High Income & Short Term Municipal Bond Funds.
Fund Profiles
The Easterly ROCMuni High Income Municipal Bond Fund aims to deliver current taxable income while focusing on long-term total return. Conversely, the Easterly ROCMuni Short Term Municipal Bond Fund prioritizes the provision of income exempt from federal income taxes, catering to investors with different financial goals. Both funds leverage rigorous bottom-up credit analysis to exploit opportunities within the municipal bond market.
Investment Strategies and Goals
At the core of Easterly ROC Municipals lies a commitment to uncovering market inefficiencies and capitalizing on underappreciated sectors. This foundational philosophy distinguishes their high-income and short-term investment strategies from others in the competitive landscape.
“Our emphasis on uncovering inefficiencies and capitalizing on under-appreciated sectors of the municipal bond market is a key differentiator,” Willis stated, reflecting the depth of knowledge and insight that his team brings to the table. With decades of municipal bond experience, their focus is on driving value for investors.
About Easterly Asset Management
Founded in 2019, Easterly Asset Management and its strategic partners are dedicated to providing a diverse array of investment solutions, targeting private wealth and institutional investors alike. Managing approximately $60B in client assets as of mid-2024, their holistic approach incorporates the expertise of established managers, offering necessary resources and risk management features.
Investor Considerations
As with any mutual fund investment, investors are encouraged to carefully evaluate the associated risks, objectives, and possible expenses before proceeding. The Easterly funds provide a refined path for navigating the complexities of today’s municipal bond environment, aiming to enhance investment portfolios.
Frequently Asked Questions
What is Easterly ROC Municipals?
Easterly ROC Municipals is a municipal bond investment initiative designed to provide tax-aware, yield-driven total returns for investors.
Who leads the Easterly ROC Municipals team?
The team is co-headed by Troy Willis and Charlie Pulire, both experienced professionals with a strong background in municipal bonds.
What funds are included in Easterly ROC Municipals?
The Easterly ROCMuni High Income Municipal Bond Fund and the Easterly ROCMuni Short Term Municipal Bond Fund are the primary offerings within this initiative.
How does Easterly ensure effective fund management?
The team utilizes an intensive bottom-up credit analysis approach, aiming to uncover inefficiencies and add value to fund performance.
What is the goal of the Easterly ROCMuni High Income Fund?
This fund aims to deliver current income exempt from federal income tax while pursuing long-term total returns for investors.
