Proactive Duration Management
Partnering with a sophisticated and knowledgeable fixed income manager enables investors to safeguard principal while capitalizing on the countless opportunities that exist in the massive fixed income marketplace. A passive buy and hold, or laddered, approach leads to neglect and places portfolios in a reactive and at-risk position to potential material events such as downgrades, issuer calls, interest rate fluctuations, and untimely reinvestment opportunities.

Experience
With more than 150 years combined experience encompassing portfolio management, investment banking, underwriting, and trading in both municipal and taxable bond markets, Caprin's professionals deliver superior representation and solutions in vast and liquidity constrained markets. This dynamic creates a foundation of fundamental and in-depth knowledge that we believe is unparalleled in the industry.

Product Access and Price Efficiencies
Our clients benefit from the coverage we receive from an extensive network of over 70 national and regional securities firms and banks. This network affords our clients the opportunity to participate in virtually all new issue, or "primary", underwritings rather than a limited number. In addition, we buy and sell bonds on our clients' behalf in the secondary market at institutional price levels creating enhanced opportunities, efficiencies and cost savings. 

Technology
It is essential to use state of the art technology in the investment management process. To that end, we have invested heavily in advanced portfolio management tools and data services enabling us to develop sophisticated modeling programs that assist in the construction and ongoing management of our clients' portfolios. Those services are Bloomberg® Analytics, Perform® FPC by Investortools and Axys™ by Advent.

Credit Research
While fixed income is generally viewed as a conservative asset class, we are strong proponents of sector and credit diversification and use a value-oriented approach. We employ a fundamental credit surveillance process to identify and capitalize on investment opportunities to enhance total return and mitigate risk in portfolios. In the municipal bond arena, we never rely on bond insurance and buy securities based on each issuer's stand-alone ability to meet debt service requirements.