First Trust’s Municipal Securities Investment Team has extensive experience in municipal bond portfolio management and research. The team uses a disciplined investing approach, employing both quantitative analysis and fundamental research seeking to find higher yielding, undervalued bonds within the municipal market. The team believes that the optimal method to take advantage of the inefficiencies within the municipal market is through an investment process that combines diligent credit analysis of individual borrowers, coupled with a thorough understanding of the major opportunities and risks within municipal sectors.