Municipal Securities Trading

Tax-Exempt and Tax-Advantaged Assets

Koch Financial Corporation’s investment and trading group is engaged in buying, selling, trading and investing in tax-exempt or tax-advantaged assets. The group utilizes many of Koch Financial’s and Koch Industries’ wide-ranging origination channels and risk management capabilities to identify investment opportunities. We employ various in-depth analytical tools and integrate our understanding of municipal markets to make sound investment decisions.

The group actively manages a multi-billion dollar portfolio of investment grade municipal securities including:

• Tax-exempt bonds and notes
• Structured tax-exempt securities
• Fixed income derivatives

In addition, Koch Financial’s investment and trading group engages in many proprietary hedging and trading strategies to optimize its portfolio returns.