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 7.44
Modified Duration 3.83

Sector Allocation

General Obligation 48.80%
School District 16.21%
Water 8.41%
PRE/ETM 4.21%
Utilities 3.28%

State Allocation

Top State Allocation %
Texas 12.31%
Wisconsin 9.21%
Indiana 7.31%
Washington 7.02%
Illinois 6.95%

Portfolio Management Team

Tom Bernardi, CFA | 9 years of industry experience
John Tranas | +20 years of industry experience

For more information find our strategies on Envestnet or Morningstar

Data as of 9/30/2020