Municipal Bond Strategy

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

Associate Portfolio Manager, Municipal Bonds

Dennis is an associate 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.

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Important information

The material contains information regarding the investment approach described herein and is not a complete description of the investment objectives, risks, policies, guidelines or portfolio management and research that supports this investment approach. Any decision to engage Manulife Investment Management should be based upon a review of the terms of the prospectus, offering documents or investment management agreement, as applicable, and the specific investment objectives, policies and guidelines that apply under the terms of such agreement. There is no guarantee investment objectives will be met. The investment process may change over time. The characteristics set forth above are intended as a general illustration of some of the criteria the strategy team considers in selecting securities for client portfolios. Client portfolios are managed according to mutually agreed upon investment guidelines.

This information has been provided by Manulife Investment Management. All material is compiled from sources believed to be reliable and correct but accuracy cannot be guaranteed. This is not to be construed as an offer to buy or sell any financial instrument nor does it constitute an offer or invitation to invest in any fund managed by Manulife Investment Management and has not been prepared in connection with any such offer. This information does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed.

References to securities, transactions or holdings should not be considered a recommendation to purchase or sell a particular security and there is no assurance that, as of the date of publication, the securities remain in the portfolio. Additionally, it is noted that the securities or transactions referenced do not represent all of the securities purchased, sold or recommended during the period referenced and there is no guarantee as to the future profitability of the securities identified and discussed herein.

The indices cited are widely accepted benchmarks for investment performance within their relevant regions, sectors or asset classes, and represent non managed investment portfolio.