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 7.47
Modified Duration 3.71

Sector Allocation

General Obligation 49.11%
School District 16.54%
Water 6.53%
PRE/ETM 4.48%
Higher Education 3.63%

State Allocation

Top State Allocation %
Texas 13.14%
Wisconsin 9.76%
Washington 7.85%
Illinois 7.69%
Indiana 6.50%

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 6/30/2020