11.01.2010
$500,000
Philosophy
- Multi-faceted Process Adds Value
- Conservative Approach to Fixed Income Management
- Bond Market Inefficiencies Offer Opportunities for Selective Investors
- Fundamental Research Drives Security Selection
Process
Top Down
- Duration Management
- Yield Curve Analysis
- Sector Analysis
Bottom Up
- Proprietary Analysis
- Fundamental Research
- Security Selection
Management
M. Dow Taylor, Jr., CFA®
Executive Director
Mark J. Merullo
Associate Director
Fixed Income
Performance
All Performance as of 12.31.2020
| QTR | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception* | |
|---|---|---|---|---|---|---|---|
| Short Intermediate Municipal SMA (Gross) | 0.55 | 3.98 | 3.98 | 3.49 | 2.64 | 2.92 | 2.74 |
| Short Intermediate Municipal SMA (Net) | 0.41 | 3.36 | 3.36 | 2.85 | 1.95 | 2.19 | 2.02 |
| ICE BofAML 1-10 Year Municipal | 0.88 | 3.81 | 3.81 | 3.58 | 2.70 | 2.90 | 2.69 |
*Performance inception date is 11.01.2010. Index is ICE BofAML 1-10 Year Municipal. Performance is preliminary and is annualized for periods longer than one year. Net of fees performance returns are presented net of the investment management fees and trading expenses. “Pure” Gross of fees performance returns do not reflect the deduction of any fees including trading costs; a client’s return will be reduced by the management fees and other expenses it may incur. Investment management fees are described in Sterling’s Form ADV 2A. Performance reflects the reinvestment of interest income and dividends and realized capital gains. The performance presented represents past performance and is no guarantee of future results. Performance is compared to an index, however, the volatility of an index varies greatly and investments cannot be made directly in an index. Market conditions vary from year to year and can result in a decline in market value due to material market or economic conditions. The Performance and Portfolio Characteristics is considered Supplemental Information to the Composite Disclosure Presentation which is attached. Source: APX, Morningstar.
