Tactical Ladder

Strategy Overview

The Tactical Ladder strategy is an actively managed strategy that consists primarily of investment grade securities with an overall modified duration range of +/-15% to the benchmark (Barclays 5-Year Municipal). The foundation of our process rests on our independent, in-house credit research team, which enhances our value-based investment approach by identifying suitable credits currently undervalued in the marketplace.

Profile

Average Maturity 7.56
Modified Duration 3.98

Sector Allocation

General Obligation 59.25%
School District 12.02%
Water 8.99%
Utilities 3.72%
Cash 2.69%

State Allocation

Top State Allocation %
Texas 11.27%
Wisconsin 9.75%
Indiana 8.66%
Iowa 7.48%
Illinois 7.43%

Portfolio Management Team

Tom Bernardi, CFA | 10 years of industry experience
John Tranas | +20 years of industry experience

For more information find our strategies on Envestnet or Morningstar

Data as of 03/31/2021