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iMGP Funds Sicav
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A leading independent US municipal bond specialist. Asset Preservation Advisors had $10.7bn AUM at the end of March 2025.
Founded in 1989 and based in Atlanta, Georgia, Asset Preservation Advisors (APA) specializes in managing high-quality tax-exempt and taxable municipal bond portfolios.
Fund NameISINShare PriceFund InceptionFund SizeAsset Class
Investment Approach
Asset Prevention Advisors believes that persistent pricing inefficiencies exist in the municipal bond market, especially in the secondary market where the firm can be nimbler. They seek to capitalize on these inefficiencies to identify investment opportunities and create value through rigorous credit research, active portfolio management and relative-value trading discipline.
Why APA decided to partner with iMGP
For over 30 years, APA has specialized in building high-quality, customized municipal bond portfolios tailored to meet the specific needs of long-term U.S. investors. Founded in Atlanta, Georgia, APA’s focus on credit quality, individualized portfolio design, and proactive credit monitoring has earned the trust of financial advisors, institutions, and wealth managers nationwide.
Key Highlights:
Deep expertise in municipal fixed income investing
Fully customized portfolios aligned with investor state-specific tax and income needs
Proactive credit analysis and downgrade risk mitigation
Strong partnership with iCapital Global Partners to expand distribution across family offices, RIAs, broker-dealers, and institutional platforms
APA’s seasoned leadership team, including Chuck, Tricia, Kevin, and Ken, exemplifies the firm’s commitment to delivering performance through people-first values. With a long-term outlook and deep industry relationships, APA continues to be a core solution in tax-advantaged investing.
Investment Strategies
APA offer customized Municipal bond portfolios to meet income and impact goals across 5 strategies
Asset Preservation Advisors’ flagship strategy is the High-Quality Intermediate strategy, offering a typical duration between 3.5 and 5.5 years, with a AA average credit rating. The firm also offers a higher yielding version of the flagship strategy called Enhanced Intermediate, which is available in the iMGP APAMX Fund.
A short duration, taxable, and positive impact strategy are also available for US clients. All strategies are actively managed, and focused on high-quality credits, tax-exempt income and capital preservation.
Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product. Not every client’s account will have these exact characteristics.
The actual characteristics with respect to any particular client account will vary based on a number of factors including but not limited to: (i) the size of the account; (ii) investment restrictions applicable to the account, if any; and (iii) market predicaments at the time of investment. APA reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The information provided in this report should not be considered a recommendation to purchase or sell any particular security.
There is no assurance that any securities discussed herein will remain in an account’s portfolio at the time you receive this report or that securities sold have not been repurchased. The securities discussed may not represent an account’s entire portfolio, and in the aggregate may represent only a small percentage of an account’s portfolio holdings. It should not be assumed that any of the security transactions, holdings or sectors discussed were or will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed herein.
Investing involves risk including the potential loss of principal. APA is an investment adviser registered with the U.S. Securities and Exchange Commission.
Registration does not imply a certain level of skill or training. More information about the advisor including its investment strategies and objectives can be obtained by visiting www.assetpreservationadvisors.com. A list of composite descriptions is available upon request. Actual investment advisory fees incurred by clients may vary.
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