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