Fund Facts

September 1, 1994

Fund Type:
Income Portfolio

I-shares Symbol: SMBPX

A-shares Symbol: SMBAX

C-shares Symbol: SMBCX

Institutional Adviser:
Granite Springs Asset Management, LLC

About Granite Springs Asset Management, LLC

The Saratoga Municipal Bond Portfolio is managed by Granite Springs Asset Management, LLC (“Granite Springs” or the “Adviser”) has served as the Portfolio’s Adviser since April 17, 2017 and James P. O’Mealia and Thomas Dalpiaz have shared primary responsibility for the day-to-day management of the Portfolio since then.   Mr. O’Mealia, who is a Managing Director and Portfolio Manager of the Adviser, was formerly the President and CIO of Sunnymeath Asset Management, Inc., which he founded in 1996.  Mr. O’Mealia was a Managing Director of ICC Capital, a registered investment adviser, from 2013 until it was acquired by Highland Capital on April 1, 2015; since then Mr. O’Mealia has assisted in the management of Highland Capital’s Multi Cap product. Mr. Dalpiaz is a Managing Director of the Adviser. Prior to joining Granite Springs in October 2013, Mr. Dalpiaz was a credit analyst and bond portfolio manager for Advisors Asset Management.

Investment Style

The Portfolio is managed using a proactive philosophy which may include being longer or shorter on the yield curve, favoring or avoiding certain bond structures and/or varying market exposure.  The portfolio managers review the Portfolio on a continuous basis and make investment decisions as they deem appropriate.