by Carrie Wanous | Jan 1, 2021 | Uncategorized
General Comments 2020. Need we say more? Indeed, 2020 presented enormous management challenges for most of the year, ranging from the initial selloff in the asset class in March, April, and early May to the uncertainty of the elections in September and October, to the...
by Carrie Wanous | Oct 3, 2020 | Uncategorized
General Comments Following a strong 2nd quarter in which the Fund and its asset class began to recover in the second half of May and all of June, the 3rd quarter started out with a solid July but took a slight breather in August and September. Nonetheless, the Fund...
by Carrie Wanous | May 3, 2020 | Uncategorized
As the coronavirus continues to unfold and hopefully peak, we pray that you and your families remain safe and healthy. We wanted to share this update with you on the high yield municipal market and our portfolio as it relates to the Principal Street Tax Exempt High...
by Carrie Wanous | Apr 3, 2020 | Uncategorized
General Comments As the effects of the coronavirus continues to unfold, we hope that you and your families remain safe and healthy. The Principal Street High Income Municipal Fund (the “Fund” or “Strategy”) performed very well in both yield and total return through...
by Carrie Wanous | Mar 23, 2020 | Uncategorized
First and foremost, we hope that you and your families are safe and healthy during the COVID-19 crisis. Undoubtedly, we find ourselves in uncharted waters on both the social front and in the financial markets. With this letter we hope to allay many of your recent...
