Municipal Bond

The strategy focuses on generating a strong and consistent stream of tax-exempt income by investing in municipal securities using a bottom-up approach suited for identifying issuers with strong fundamentals offering higher coupons than the overall market.

 

Philosophy

The team believes a high level of income and strong absolute performance can be generated through active management of sector allocation, issue selection, and yield curve positioning. The team seeks to add value by generating a higher relative level of income, engaging in intensive fundamental credit research, and identifying points on the yield curve with the greatest return potential.    

Managed by

Dennis DiCicco

Portfolio Manager, Municipal Bonds

Dennis is a portfolio manager on the firm’s municipal bond team, focusing on portfolio construction involving asset allocation, security selection, and yield curve positioning. Prior to his current role, he worked as an investment analyst on the municipal bond team.  Previously, he was a fixed-income trader at Capital Security Advisors. He also has experience in institutional municipal bond sales, having worked at Cantor Fitzgerald and, before that, Sterne Agee.

Education: B.S. in Marketing and Finance, Bentley University

Joined the company: 2016

Began career: 2008 

Dennis DiCicco

Jeffrey N. Given, CFA

Senior Portfolio Manager, Co-Head of U.S. Core and Core Plus Fixed Income

Jeff is co-head of the U.S. Core and Core Plus Fixed Income team and is responsible for securitized, core and core plus fixed income, government bond, and municipal bond strategies. Prior to joining the portfolio management team, he was focused on research and trading in mortgage-backed securities within the Manulife fixed-income teams. Previously, he was an investment compliance analyst at the company. Jeff holds the Chartered Financial Analyst designation and is a member of the CFA Society Boston. 

  • Education: B.S. in Business Administration, Boston University; M.S. in Finance, Boston College
  • Joined the company: 1993
  • Began career: 1993
Jeffrey N. Given, CFA

Vehicles

At Manulife Investment Management, we offer investment strategies through a variety of vehicles to suit a broad range of client needs. Contact our institutional sales or consultant relations team to find out if this strategy/vehicle is offered in your region. 

  • Separate accounts

    Our separate accounts and separately managed accounts (SMAs) are designed for institutions and high-net-worth clients seeking tailored investment solutions and direct ownership of securities. 

  • CITs

    Our professionally managed collective investment trusts (CITs) are available in certain qualified retirement plans.

  • Mutual funds

    Mutual funds are liquid, professionally managed portfolios which are available to both institutional and retail investors.


Key facts

  • Inception date

    February 1990

  • Strategy AUM (USD)

    $483.67 million

  • Benchmark

    Bloomberg Barclays Municipal Bond Index

  • Style

    Tax-free bond

  • Average portfolio manager experience

    20 years

Important disclosures

All information shown is as of September 30, 2020, unless otherwise indicated. Strategy-level information may differ from vehicle-specific information. Not all vehicles are available in all locations and may be offered through affiliates of Manulife Investment Management.


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