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 5.75
Modified Duration 3.58

Sector Allocation

General Obligation 57.58%
School District 17.17%
Water 6.74%
Utilities 3.91%
Higher Education 2.55%

State Allocation

Top State Allocation %
Texas 13.51%
Wisconsin 12.15%
Washington 8.33%
Illinois 7.26%
Iowa 6.92%

Portfolio Management Team

Tom Bernardi, CFA | 8 years of industry experience
John Tranas | +20 years of industry experience

For more information find our strategies on Envestnet or Morningstar

Data as of 3/31/2020