The Ultra-Short Term Municipal strategy is an actively managed strategy appropriate for investors seeking a hedge against rising interest rates. The goal of the strategy is to generate higher income compared to tax-free money market funds. The strategy consists of fully discretionary, separately managed account (SMA) portfolios. The strategy invests primarily in municipal bonds exempt from federal income taxes and for comparison purposes is measured against the Bloomberg Barclays Municipal Bond 1-Year (1-2) Municipal Index.
|Yield to Worst (*TEY)||1.82% (2.89%)|
|Yield to Maturity (*TEY)||1.96% (3.11%)|
*Taxable equivalent yield at the 37% federal tax bracket.
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Portfolio Management Team
Tom Bernardi, CFA – 5 years of industry experience
John Tranas – 26 years of industry experience
For more information find our strategies on Envestnet or Morningstar
Data as of 3/31/2019