Generated by All in One SEO v5.0.1.1, this is an llms.txt file, used by LLMs to index the site. # Hamlin Capital Management ## Sitemaps - [XML Sitemap](https://hamlincm.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Third Quarter 2026 Update](https://hamlincm.com/commentary/third-quarter-2026-update/) - Hostilities in Iran have resumed since we last wrote this letter. We expected policymakers to pursue lower energy costs and stable financial conditions, particularly in an election year. But renewed hostilities, attacks on energy infrastructure, and disruptions to shipping routes sent oil back above $100 per barrel in September. High fuel prices continue to benefit - [Second Quarter 2026 Update](https://hamlincm.com/commentary/second-quarter-2026-update/) - The second quarter began with investors grappling with the implications of the Iran War. Headlines around the conflict, the status of the Strait of Hormuz, and the prospect of ceasefires drove swings in oil prices, Treasury yields, and investor sentiment. On days when geopolitical risk intensified and oil prices rose, interest rates often moved higher - [Hamlin Form CRS - March 2026](https://hamlincm.com/commentary/hamlin-form-crs-june-2020/) - [Form ADV Part 2B](https://hamlincm.com/commentary/form-adv-part-2a/) - This brochure supplement provides information about Mark Stitzer Joseph J. Bridy, Christopher M. D’Agnes, Parker Brown Stitzer, Michael Tang, Charlie Harkin, Peter Burke, Brian Sergeant, Nathaniel Fierstein, and Parker Ellis Stitzer. - [Form ADV Part 2A](https://hamlincm.com/commentary/form-adv-part-2a-2/) - The ADV Part 2A is the primary disclosure document that we provide to our clients. - [First Quarter 2026 Update](https://hamlincm.com/commentary/first-quarter-2026-update/) - Hamlin’s Equity Composite advanced 0.41% over the first three months of 2026, compared to a 4.33% decline for the S&P 500. Stock markets wobbled as AI-driven disruption headwinds, private credit concerns, and the war in Iran erased early-quarter optimism around post-tariff normalization and a potential interest rate easing cycle. The Hamlin Bond Composite increased 0.89% - [Fourth Quarter 2025 Update](https://hamlincm.com/commentary/fourth-quarter-2025-update/) - Hamlin’s equity composite advanced 0.52% over the last three months of 2025, compared to a 2.66% gain for the S&P 500. Market sentiment became increasingly constructive as the Federal Reserve’s easing cycle helped outweigh concerns surrounding the longest U.S. government shutdown on record and a brief bout of anxiety around a potential AI bubble, fostering - [Third Quarter 2025 Update](https://hamlincm.com/commentary/third-quarter-2025-update/) - Hamlin equity accounts increased 3.74% during the third quarter while the S&P 500 Index gained 8.12%. Strong corporate earnings and a widely anticipated Federal Reserve interest rate cut trumped employment and equity valuation concerns. Hamlin bond accounts and the broader municipal bond market increased in value, anticipating the central bank’s September Federal Funds rate reduction. - [Second Quarter 2025 Update](https://hamlincm.com/commentary/second-quarter-2025-update/) - Hamlin equity accounts increased 2.91% during the second quarter, lagging the S&P 500 Index’s 10.94% gain. Stocks rebounded from the early April lows, driven by remarkably resilient first quarter earnings reports and a de-escalation of America’s trade war. Hamlin bond accounts returned -0.26% during the quarter. The Bloomberg-Barclays High Yield Municipal Bond Index returned -1.14%. - [First Quarter 2025 Update](https://hamlincm.com/commentary/first-quarter-2025-update/) - Hamlin’s equity composite increased 0.61% over the first three months of 2025, outperforming the S&P 500 Index’s 4.27% decline. Tariff implementation, frenetic Federal job cut announcements, and weaker economic data rattled investor and executive confidence. Hamlin bond accounts increased 0.48% as Treasury yields declined, and the Bloomberg-Barclays High Yield Municipal Bond Index increased 0.82% over - [Fourth Quarter 2024 Update](https://hamlincm.com/commentary/fourth-quarter-2024-update/) - Hamlin’s equity composite advanced 0.59% over the last three months of 2024, trailing the S&P 500 Index’s 2.41% gain. An uncontested and pro-business presidential election result eclipsed the Federal Reserve’s less accommodating mid-December interest rate outlook. The Hamlin bond composite decreased 0.20% during the quarter, outperforming the Bloomberg High Yield Muni Index’s 1.08% decline amid - [ERISA Disclosure Notice](https://hamlincm.com/commentary/erisa-disclosure-notice/) - Hamlin is required by federal regulations to provide disclosures regarding compensation for services furnished to clients that are subject to the Employee Retirement Income Security Act of 1974 (“ERISA”). - [Third Quarter 2024 Update](https://hamlincm.com/commentary/third-quarter-2024-update/) - The latest Federal Reserve tightening cycle that began in 2022 has officially ended with the first cut to the benchmark Federal Funds in September. While the 50 basis point magnitude (rather than the standard 25 bp) surprised some, the cut had long been anticipated and largely priced in by the market. This will likely be - [Second Quarter 2024 Update](https://hamlincm.com/commentary/second-quarter-2024-update/) - Hamlin equity accounts decreased 0.53% during the second quarter. The S&P 500 Index gained 4.28% driven by persistent hopes for a Federal Reserve interest rate cut, decent corporate earnings outlooks for the current quarter, and strong demand for large-capitalization Artificial Intelligence stocks. Hamlin bond accounts gained 1.86% during the quarter. - [Form CRS Relationship Summary](https://hamlincm.com/commentary/form-crs-relationship-summary/) - [First Quarter 2024 Update](https://hamlincm.com/commentary/first-quarter-2024-update/) - Hamlin’s equity composite advanced 8.45% over the first three months of 2024, trailing the S&P 500 Index’s 10.56% gain. Resilient Q4 2023 corporate earnings, expectations for a mid-year Federal Funds Rate reduction, and artificial intelligence euphoria combined to drive stocks higher. Hamlin bond accounts increased 2.33% as Treasury yields rose and the Bloomberg-Barclays High Yield - [Fourth Quarter 2023 Update](https://hamlincm.com/commentary/fourth-quarter-2023-update/) - Hamlin’s equity composite advanced 9.56% over the last three months of 2023, trailing the S&P 500 Index’s 11.69% gain. Decelerating inflation readings and the Federal Reserve’s pivot away from restrictive policy ignited powerful stock and bond market rallies. Hamlin bond accounts increased 4.91% as Treasury yields dove and the Bloomberg-Barclays High Yield Municipal Bond Index - [Third Quarter 2023 Update](https://hamlincm.com/commentary/third-quarter-2023-update/) - Hamlin equity accounts decreased 2.70% over the last three months while the S&P 500 Index declined 3.27% (Q3 2023 performance is a preliminary estimate as it is not yet examined by ACA Performance Services and may be subject to change. Individual accounts vary). Summertime artificial intelligence (“AI”) ebullience succumbed to rising Treasury yields, higher oil prices, looming student debt repayments, and government shut-down concerns. Hamlin bond accounts and the broader municipal bond market declined in value as the Federal Reserve indicated that short-term interest rates were likely to remain elevated well into 2024. - [Form ADV Part 2B](https://hamlincm.com/commentary/form-adv-part-2b/) - This brochure supplement provides information about Mark Stitzer, Joseph J. Bridy, Charles S. Garland III, Christopher M. D’Agnes, Parker B. Stitzer, Benjamin P. Kaufman and Michael M. Tang. - [Second Quarter 2023 Update](https://hamlincm.com/commentary/second-quarter-2023-update/) - Hamlin equity accounts increased 3.79% during the second quarter. The S&P 500 Index gained 8.74% driven by resilient economic data and sharp rallies from a handful of Technology companies. Hamlin bond accounts gained 0.67% during the quarter. The Bloomberg-Barclays High Yield Municipal Bond Index returned 1.65% as Treasury yields rose over the last three months. - [First Quarter 2023 Update](https://hamlincm.com/commentary/first-quarter-2023-update/) - Hamlin equity accounts increased 2.76% during the first quarter while the S&P 500 Index gained 7.50%. Decelerating inflation and expectations for a peak in the Federal Funds Rate trumped concerns about the regional banking system in the wake of Silicon Valley Bank’s stunning collapse. Hamlin bond accounts gained 1.58%. The Bloomberg- Barclays High Yield Municipal - [Fourth Quarter 2022 Update](https://hamlincm.com/commentary/fourth-quarter-2022-update/) - Hamlin’s equity composite advanced 12.14% over the last three months of 2022, outpacing the S&P 500 Index’s 7.56% gain. Decelerating inflation readings and resilient corporate earnings trumped pervasive warnings of recession. Hamlin bond accounts increased 1.65% as the Bloomberg-Barclays High Yield Municipal Bond Index returned 3.48% over the quarter. - [Third Quarter 2022 Update](https://hamlincm.com/commentary/third-quarter-2022-update/) - Hamlin equity accounts decreased 2.27% over the last three months net of fees while the S&P 500 Index declined 4.88% during a very volatile third quarter. Increasingly hawkish commentary from Federal Reserve officials and negative earnings pre-announcements dashed a summertime bear market rally. Hamlin bond accounts declined 2.13% net of fees, outperforming the Bloomberg High - [Second Quarter 2022 Update](https://hamlincm.com/commentary/first-quarter-2022-update-2/) - Hamlin equity accounts declined approximately 11.23% during the second quarter while the S&P 500 Index lost 16.10% over the same period. Recession fears intensified as the Federal Reserve reacted to an elevated Consumer Price Index report with strong words and action. Hamlin bond accounts declined 1.33%. The Barclays High Yield Municipal Bond Index lost 5.61% - [First Quarter 2022 Update](https://hamlincm.com/commentary/first-quarter-2022-update/) - Hamlin equity accounts declined approximately 0.96% during the first quarter while the S&P 500 Index declined 4.60% over the same period. Elevated inflation, the removal of Federal Reserve accommodation, and war in Ukraine combined to drive the S&P 500 Index down about 15%* from the highs at its worst in February. Hamlin bond accounts declined 1.66%. - [Fourth Quarter 2021 Update](https://hamlincm.com/commentary/fourth-quarter-2021-update/) - Hamlin equity accounts advanced approximately 10.90% over the last three months while the S&P 500 Index increased 11.03% over the same period. Strong corporate earnings outlooks and pervasive signs of economic strength trumped Omicron and monetary policy concerns. Hamlin bond accounts increased 1.59% as Bloomberg-Barclays High Yield Municipal Bond Index returned 1.16% over the quarter. - [Third Quarter 2021 Update](https://hamlincm.com/commentary/third-quarter-2021-update/) - Hamlin equity accounts decreased approximately 75 basis points over the last three months while the S&P 500 Index increased 0.58% over the same period. Favorable reactions to a strong second quarter earnings season offset concern about the Delta variant, China’s Evergrande crisis and fewer Federal Reserve bond purchases. Hamlin bond accounts delivered a positive total - [Second Quarter 2021 Update](https://hamlincm.com/commentary/second-quarter-2021-update/) - Hamlin equity accounts increased approximately 6.06% over the last three months as investors reacted favorably to strong Q1 earnings reports and optimistic outlooks related to a re-opening economy. Our municipal bond portfolios increased in value, benefiting from both lower Treasury yields and concern over proposed income tax rate increases. - [Hamlin Dividend Investing 4.0](https://hamlincm.com/commentary/hamlin-dividend-investing-4-0/) - At Hamlin, we have always pursued a seemingly antiquated strategy: make an investment and get paid a cash return. We purchase stocks run by executives who have pledged to return a significant portion of their earnings to shareholders quarterly. Celebrated value investor, Ben Graham, wrote in 1934, “The prime purpose of a business corporation is - [First Quarter 2021 Update](https://hamlincm.com/commentary/first-quarter-2021-update/) - Hamlin equity accounts increased 12.48% during the first quarter. The S&P 500 Index advanced 6.17% for the quarter as investors anticipated strong earnings growth driven by flush consumers spending stimulus checks in a re-opening economy. Hamlin bond accounts increased modestly in value despite an 80-basis point back-up in the 10-year Treasury yield to 1.73% over - [2021 Equity Market Outlook](https://hamlincm.com/commentary/2021-equity-market-outlook/) - As you know, we spend most of our time on individual security analysis. While some of these “bigger picture” musings inform our company revenue forecasts and help us manage risk, we believe that accurately predicting what the economy or stock market will do in a given year is all but impossible. We only share these - [Fourth Quarter 2020 Update](https://hamlincm.com/commentary/fourth-quarter-2020-update/) - Hamlin equity accounts increased 15.00% during the fourth quarter. The S&P 500 advanced 12.15% for the quarter, celebrating better than expected COVID vaccine efficacy rates and the resolution of a contentious presidential election. Hamlin bond accounts increased in value despite a 24-basis point back-up in the 10-year Treasury yield to 0.93% over the last three - [When Will Value Stocks Turn?](https://hamlincm.com/commentary/when-will-value-stocks-turn/) - Fundamentally, the case against Tech is mixed. We see little on the horizon likely to upset the shift to cloud computing, the primary engine of technology company revenue growth. Aggregate sales of Amazon Web Services, Microsoft Azure and Google Cloud Platform are approaching $70 billion—a large number but still a fraction of the $3.5 trillion - [Third Quarter 2020 Update](https://hamlincm.com/commentary/third-quarter-2020-update/) - Hamlin’s equity accounts increased approximately 4.80% over the last three months as the stock market climbed steadily through mid-September to an all-time high. Investors anticipated a post-COVID re-opening boost to earnings and record- setting global monetary stimulus pushed PE multiples to levels not seen since 2000. Hamlin’s high-yield tax exempt bond account values advanced in - [Second Quarter 2020 Update](https://hamlincm.com/commentary/second-quarter-2020-update/) - Hamlin equity accounts increased significantly over the last three months as the S&P 500 had its strongest quarter since 1998, gaining 20.54%. Monetary and fiscal stimulus calmed credit and labor markets, and the global spread of coronavirus showed signs of containment. Our municipal bond portfolios increased in value, benefiting from lower rates and Fed-induced spread - [First Quarter 2020 Update](https://hamlincm.com/commentary/first-quarter-2020-update/) - Hamlin equity accounts declined 25.70% over the last three months. The stock market fell at an unprecedented rate as Coronavirus containment efforts brought much of the global economy to a standstill. The Hamlin Bond Composite declined 3.62% as wider municipal bond spreads more than offset consistent coupon income. The speed and magnitude of the stock - [Second Quarter 2017 Update](https://hamlincm.com/commentary/second-quarter-2017-update/) - Hamlin equity accounts advanced over the last three months. The S&P 500 gained 3.1% during the second quarter, defying skeptics. Stocks celebrated strong Q1 corporate earnings performance, shrugging off uneven economic data, obstruction of justice charges, and another delay in healthcare reform. Hamlin bond accounts also increased in value over the last three months. Our - [First Quarter 2017 Update](https://hamlincm.com/commentary/first-quarter-2017/) - Hamlin equity accounts increased in value over the last three months as the S&P 500 Index confounded Trump sceptics with a meaningful first quarter gain. Better-than-expected global economic data and accelerating U.S. earnings growth overwhelmed allegations of Russian election tampering, controversy surrounding the Muslim immigration ban, and the embarrassing failure to repeal ObamaCare. - [Fourth Quarter 2019 Update](https://hamlincm.com/commentary/fourth-quarter-2019-update/) - What a difference twelve months can make. A year ago, stocks traded at a reasonable 14x optimistic forward earnings estimates. The S&P 500 Index had just plummeted approximately 19% from its autumn high as the yield curve approached inversion and 82% of corporate CFOs anticipated a recession by 2020. Some of that pessimism proved prescient: - [Third Quarter 2019 Update](https://hamlincm.com/commentary/third-quarter-2019-update/) - Investors remain justifiably on recession watch. Inverted yield curves have preceded economic contractions in part because banks have less of an incentive to offer credit. Lower longer term Treasury yields also leave equity portfolio managers with an eerie feeling: why would sophisticated asset allocators eagerly accept such a paltry multi-year return? Sub-50 Purchasing Manager Indices - [Second Quarter 2019 Update](https://hamlincm.com/commentary/second-quarter-2019-update/) - Hamlin equity accounts advanced over the last three months. The S&P 500 gained 4.30% during the second quarter as increasing odds of a Federal Reserve interest rate reduction trumped trade war concerns. Our municipal bond portfolios increased in value, benefiting from lower market interest rates and mild spread compression. We are returning to a “question - [First Quarter 2019 Update](https://hamlincm.com/commentary/first-quarter-2019-update/) - Hamlin equity accounts increased 9.08% in value over the last three months. The S&P 500 Index roared back from the Christmas Eve lows on the heels of Fed Chairman Powell’s abrupt policy reversal in early January. Hopes for trade détente with China also stirred animal spirits. The Hamlin Bond Composite gained 2.89% thanks to modest - [Fourth Quarter 2018 Update](https://hamlincm.com/commentary/fourth-quarter-2018-update/) - Hamlin equity accounts decreased in value during the fourth quarter. A long-overdue correction in highflying technology growth stocks spread across sectors as investors contemplated the combination of a hawkish Federal Reserve, decelerating global economic data, and plunging oil prices. Hamlin bond accounts fared well as lower Treasury and rated municipal yields offset a moderate widening - [Third Quarter 2018 Update](https://hamlincm.com/commentary/third-quarter-2018-update/) - Hamlin’s equity accounts increased in value over the last three months. The S&P 500 Index returned 7.7% during the third quarter, shrugging off trade war concerns and tightening Federal Reserve monetary policy. Stocks set new records as strong domestic economic activity drove another double digit advance for corporate earnings. Although 10-year Treasury yields increased 20 - [Privacy Notice](https://hamlincm.com/commentary/privacy-notice/) - Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. - [Proxy Voting Policy](https://hamlincm.com/commentary/proxy-voting-policy/) - Hamlin has adopted written proxy voting policies and guidelines (“the Policy”) as required under Rule 206(4)-6 (the “Rule”) of the Investment Advisers Act of 1940 (“Advisers Act”). - [Second Quarter 2018 Update](https://hamlincm.com/commentary/second-quarter-2018-update/) - Hamlin equity accounts advanced over the last three months. The S&P 500 gained 3.43% during the second quarter, defying skeptics. Stocks celebrated strong Q1 corporate earnings performance, digesting another Federal Reserve rate hike and trade policy uncertainty. We are returning to a “question and answer” format for the summer -time newsletter. We have tried to - [First Quarter 2018 Update](https://hamlincm.com/commentary/first-quarter-2018-update/) - Hamlin equity accounts decreased modestly in value over the last three months as value and income stocks underperformed the broader market for a fifth consecutive quarter. The S&P 500 Index swung from a 7.5% gain in late January to a 10% correction from the highs as inflation, global trade and technology stock jitters overwhelmed steady - [Fourth Quarter 2017 Update](https://hamlincm.com/commentary/fourth-quarter-2017-update/) - Hamlin equity accounts increased in value over the last three months as the S&P 500 jumped 6.6% in the fourth quarter, celebrating the eventual lowering of corporate tax rates and improving global growth. Treasury yields backed up modestly as bond investors discounted pending fiscal stimulus and a well telegraphed December Federal Funds rate increase. Hamlin - [Third Quarter 2017 Update](https://hamlincm.com/commentary/third-quarter-2017-update/) - Hamlin’s equity accounts increased in value over the last three months. The S&P 500 Index jumped 4.5% during the third quarter, shrugging off North Korea’s nuclear antagonism, the wrath of hurricanes Harvey and Irma, and tightening Federal Reserve monetary policy. Stocks set new records in the wake of another double digit advance for corporate earnings, - [Hamlin Dividend Investing 3.0](https://hamlincm.com/commentary/hamlin-dividend-investing-3-0/) - At Hamlin, we have always pursued a seemingly antiquated strategy: make an investment and get paid a return. Ben Graham wrote in 1934, "The prime purpose of a business corporation is to pay dividends to its owners. A successful company is one that can pay dividends regularly and presumably increase the rate as time goes - [Empirical Results of the High-Income Investment Strategy](https://hamlincm.com/commentary/empirical-results-of-the-high-income-investment-strategy/) - The 2013 Economic Sciences Nobel Memorial Prize was awarded to three finance scholars, Eugene Fama, Lars Peter Hansen and Robert Schiller for their work on asset-prices in financial markets. - [Charter School Bonds - An Introduction](https://hamlincm.com/commentary/charter-school-bonds-an-introduction/) - Over the past twelve years, the high yield tax-exempt bond market has seen significant growth of bonds issued by charter schools. this growth is fueled by a national outcry for K-12 education reform. - [Fresh Squeezed OJ Served Here](https://hamlincm.com/commentary/fresh-squeezed-oj-served-here/) - A Short Treatise on Dividend Stocks: In the aftermath of the 2008 financial crisis, the US Federal Reserve implemented an unprecedented easy money policy to stimulate the economy and to improve employment. - [Looking Under The Hood Of Passive Investment Vehicles – Exchange Traded Funds](https://hamlincm.com/commentary/looking-under-the-hood-of-passive-investment-vehicles-exchange-traded-funds/) - It is not often I write about something that we do not use. I write because the expanded usage of Exchange Traded Funds (ETF) has introduced a layer of complexity into the market place that should be duly noted. The world saw some of the flaws during the morning of August 24th, 2015 when many - [Fourth Quarter 2016 Update](https://hamlincm.com/commentary/fourth-quarter-2016-update/) - Hamlin equity accounts increased in value over the last three months as the S&P 500 jumped 3.8% in the fourth quarter, celebrating both Donald Trump’s unexpected presidential election victory and a GOP congressional majority. Expectations for lower taxes, lighter regulation, and increased infrastructure spending kindled animal spirits. Hamlin high yield tax-exempt portfolios outperformed a weak - [Third Quarter 2016 Update](https://hamlincm.com/commentary/third-quarter-2016-update/) - Hamlin’s equity accounts increased in value over the last three months. The S&P 500 Index jumped 3.85% during the third quarter, shrugging off a slew of negative developments. Most would have predicted lower stock prices in the face of sharply downward revisions to GDP growth, a fifth consecutive year-over-year decline in quarterly corporate earnings, pending - [Second Quarter 2016 Update](https://hamlincm.com/commentary/second-quarter-2016-update/) - Hamlin equity accounts advanced over the last three months. The S&P 500 gained 2.46% during the second quarter, proving remarkably resilient in the face of shrinking corporate earnings, a very weak May jobs report, and Brexit concerns. Hamlin bond accounts also increased in value over the last three months. Our high absolute yields and wide - [Do You Have Access to Your Wealth](https://hamlincm.com/commentary/do-you-have-access-to-your-wealth/) - Wealth is the American dream. Income, financial investments, real estate and fine art, are among the items that measure wealth. Wealth offers its owners the potential to live their days in pleasures and their years in prosperity. Yet many people who have wealth are cash poor. ## Pages - [Home](https://hamlincm.com/) - Hamlin Capital Management LLC (“Hamlin”) is an SEC-registered* independent investment advisory firm catering to high net-worth individuals and institutions. - [Commentary](https://hamlincm.com/strategies/equity-income/commentary/) - [Newsletters](https://hamlincm.com/commentary/newsletters/) - [Commentary](https://hamlincm.com/strategies/high-yield-municipal-bond/commentary/) - [Strategy Facts](https://hamlincm.com/strategies/high-yield-municipal-bond/strategy-facts/) - [Portfolio](https://hamlincm.com/strategies/high-yield-municipal-bond/portfolio/) - [Performance](https://hamlincm.com/strategies/high-yield-municipal-bond/performance/) - [Performance](https://hamlincm.com/strategies/equity-income/performance/) - [History](https://hamlincm.com/about/history/) - Hamlin Capital Management was founded on the belief that compounding income is a better way to preserve purchasing power, reduce volatility, and grow capital. - [Our Team](https://hamlincm.com/about/team/) - Hamlin is 100% employee owned by nine partners who work full-time for the firm. Hamlin is a long-term, long-only, fundamental investor. - [Portfolio](https://hamlincm.com/strategies/equity-income/portfolio/) - [Strategy Facts](https://hamlincm.com/strategies/equity-income/strategy-facts/) - [About Us](https://hamlincm.com/about/) - Located in New York City, Hamlin Capital Management LLC (“Hamlin”) is an SEC-registered* independent investment advisory firm catering to high net-worth individuals and institutions. - [Articles of Interest](https://hamlincm.com/commentary/articles-of-interest/) - [Compliance Documents](https://hamlincm.com/commentary/compliance-documents/) - [Disaster Recovery](https://hamlincm.com/disaster-recovery/) - Hamlin is committed to taking reasonable steps to provide protection for essential activities and critical support services should significant business disruption result from events such as power outages, natural disasters, pandemics or other situations. - [Overview](https://hamlincm.com/strategies/high-yield-municipal-bond/overview/) - Hamlin specializes in the management of nonrated, tax-exempt high-yield fixed income securities. - [White Papers](https://hamlincm.com/commentary/white-papers/) - [Overview](https://hamlincm.com/strategies/equity-income/overview/) - We seek an immediate cash return on client dollars invested. - [Contact](https://hamlincm.com/contact/) - Our doors are always open for those who want to learn about the opportunities and solutions we have to offer. - [Giving Back](https://hamlincm.com/giving-back/) - [Disclaimer](https://hamlincm.com/disclaimer/) - These “Terms of Use” set forth the terms and conditions under which you may access and use the Website. - [Strategies](https://hamlincm.com/strategies/) - Hamlin invests in income-generating securities across two strategies. - [Strategies](https://hamlincm.com/strategies/) - Hamlin invests in income-generating securities across two strategies. - [Investment Philosophy](https://hamlincm.com/investment-philosophy/) - We believe an investment is something that pays you to own it. Hamlin is dedicated to income generation, an enduring strategy for wealth preservation and long-term capital appreciation. - [Investor Profile](https://hamlincm.com/investment-philosophy/investor-profile/) - Hamlin believes that income-generating portfolios harness the power of compound income, reduce volatility, and provide cash flow to meet obligations. In our opinion, income-oriented portfolios deserve a role in almost every investor’s financial plan. We manage money for municipal pension plans, Taft Hartley retirement plans, endowments, foundations, and high net worth individuals. Our investment services - [Equity Income](https://hamlincm.com/strategies/equity-income/) - [Equity Income](https://hamlincm.com/strategies/equity-income/) - [High Yield Municipal Bond](https://hamlincm.com/strategies/high-yield-municipal-bond/) - [Commentary](https://hamlincm.com/commentary/) ## Categories - [Uncategorized](https://hamlincm.com/commentary/category/uncategorized/) - [Newsletters](https://hamlincm.com/commentary/category/newsletters/) - [Articles of Interest](https://hamlincm.com/commentary/category/articles-of-interest/) - [Compliance Documents](https://hamlincm.com/commentary/category/compliance-documents/)