portfolio management
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Adam Mackey
Managing Director, Head of Municipal Fixed Income
- Industry Experience: 15 years
- B.S.B.A., Kutztown University
- M.B.A., St. Joseph's University
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Adam is head of Municipal Fixed Income, a member of the Management Committee, and a senior portfolio manager. In his role as a managing director, he supervises credit and quantitative research, portfolio management and trading, and municipal client relations. Adam is responsible for establishing the municipal fixed income strategy for the firm, and, as a senior portfolio manager, he oversees trading and strategy implementation in the municipal bond mutual funds, institutional municipal portfolios, and separately managed municipal accounts. Prior to joining the firm in 2001, he was a fixed income trader at the Vanguard Group where he focused on municipal bonds and derivatives. Adam holds his bachelor’s degree in business administration from Kutztown University and his master’s in finance from St. Joseph’s University. He is a member of various industry organizations, including the CFA Society of Philadelphia.
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Amy Carcione, CFA
Portfolio Manager
- Industry Experience: 11 years
- B.S.B.A., University of Richmond
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Amy has been a municipal bond portfolio manager and trader at the firm or its predecessor since 2005. Previously, she served with Citigroup Asset Management for five years as an assistant municipal bond portfolio manager. Amy received her bachelor’s degree in business administration from the University of Richmond. She is a CFA charterholder.
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Quick Stats |
as of 12/31/2011 |
| Inception |
7/20/1988 |
| Ticker |
PXIXX |
| CUSIP |
69351J132 |
| Net Assets |
$595,533,342 |
| WAM |
12.68 days
As of 2/03/2012 |
Daily Price
as of 2/3/12
| NAV |
POP |
Chg ($) |
Chg (%) |
| $1.00 |
$1.00 |
$0.00 |
0.00% |
Risk/Reward Chart
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here.
1As of most recent month-end. The Morningstar Style Box reveals the Fund’s investment strategy. For fixed-income funds, the vertical axis shows the average credit quality of the bonds owned and the horizontal axis shows interest-rate sensitivity as measured by a bond’s duration (short, intermediate or long). Credit quality ratings are subject to change. For more complete information about how fixed income style boxes are categorized, please click here to view the Morningstar.com style box analysis.