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Why is SMC Fixed Income Management, LP managing the duration of the municipal portion of this Fund?

April 26, 2017duration fixed fund income Lp Management managing municipal portion SMC

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Why is SMC Fixed Income Management, LP managing the duration of the municipal portion of this Fund?

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SMC Fixed Income Management, LP will monitor the duration of municipal securities selected for the Fund’s municipal portion, based primarily on the Investment Adviser’s outlook for interest rates. SMC Fixed Income Management, LP believes that maintaining duration at an appropriate level offers the potential for above-average returns while reducing the risks of interest rate volatility.