Truly Active Municipal Bond Management
Boutique municipal bond asset management firm focused on long term, yield-driven total return.
High Income Municipal Bond Fund
Our high income federally tax exempt fund is designed to provide high levels of tax exempt income to investors which will, over the long term, drive total returns.
FUND BASICS
Short Term Municipal Bond Fund
Our short term municipal fund is designed to offer a tranquil ride for investors at the shorter end of the maturity curve, but with a yield that is optimized to help the fund remain competitive within its peer group, without sacrificing share price stability.
FUND BASICS
Municipal Bond Strategy Team
The team, which manages the Principal Street High Income Municipal Fund and SMA strategy, and the Principal Street Short Term Municipal Fund, brings a wealth of experience in the municipal bond market to bear on the manifestation of one simple investment thesis which is that, in fixed income investing, the predominant driver of long term total return is yield.
The team believes this investment thesis can be applied to portfolios of differing risk/reward dynamics from aggressive to more conservative. In either case the manager has the same portfolio construction tools available for use. The manager just increases or decreases the use of those tools to match the given portfolios stated risk/reward profile.
Our investment process is inherently bottom-up, credit-specific, and credit research-dependent. It requires a constant relative value appraisal of the market. It is truly active in nature. We think about, and then enact, ways to continuously earn our management fee. Investors hire us to be stewards of their money through the vast and often opaque municipal bond market, while providing a specific benefit tax exempt yield.
Commentary
2023 January Update- Municipal Bond Strategies
2023: INCOME IS BACK- One (maybe the only?) Positive From the Pain of 2022 Fixed Income investors finally had the year many were predicting over the last decade, ending eight consecutive years of positive total returns for the broad municipal bond market. Much like...
2023 January Update- Municipal Bond Strategies
2023: INCOME IS BACK- One (maybe the only?) Positive From the Pain of 2022 Fixed Income investors finally had the year many were predicting over the last decade, ending eight consecutive years of positive total returns for the broad municipal bond market. Much like...
2023 January Update- Municipal Bond Strategies
2023: INCOME IS BACK- One (maybe the only?) Positive From the Pain of 2022 Fixed Income investors finally had the year many were predicting over the...
Municipal Bond Strategies Team Fall Update 2022
Municipal bond performance so far in 2022 has been poor with rates rising 100-200 bps up and down the yield curve…
Oppenheimer & Co Call Replay
PRINCIPAL STREET MUNICIPAL BOND FUNDS Fund Total Returns, Expense Ratio, Benchmark Returns, as of 9/30/22 Fund Share Class (TICKER) 3M...
Charlie Pulire; Right Place, Right Time
Charlie Pulire, Senior Portfolio Manager, Municipal Bond Strategies, is having one of those moments where you feel like everything in your life has led up to this moment.
Municipal Bond 2022 Outlook
The specter of inflation reared its head for the first time in many years. Measured levels in 2021 are of the likes not seen in almost 20 years.
Mutual Fund investing involves risk. Principal loss is possible.
Please read and consider the prospectus carefully before investing. To obtain a hardcopy of the prospectus, please call 1.877.914.7343.
Diversification does not assure a profit or protect against a loss in a declining market.
Principal Street Partners is the Investment Advisor to the Principal Street High Income Municipal Bond Mutual Fund, which is distributed by Quasar Distributors, LLC.