Short Term Municipal Strategy
The Short-Term Municipal strategy is an actively managed strategy appropriate for investors seeking a hedge against rising interest rates from a high quality, diversified portfolio. The goal of the strategy is to reduce portfolio volatility and credit risk, generate income free of federal income taxes, and produce superior risk adjusted returns relative to the Bloomberg Barclays Muni Short (1-5) benchmark. The strategy consists of fully discretionary, separately managed account (SMA) portfolios. The strategy invests primarily in municipal bonds exempt from federal income taxes.
|Yield to Worst (*TEY)||1.99% (3.16%)|
|Yield to Maturity (*TEY)||2.10% (3.33%)|
*Taxable equivalent yield at the 37% federal tax bracket.
|Top Five Sector Allocations||% of Strategy|
|Top Five State Allocation||% of Strategy|
Portfolio Management Team
Tom Bernardi, CFA – 5 years of industry experience
John Tranas – 26 years of industry experience
For more information find our strategies on Envestnet or Morningstar
Data as of 6/30/2019