Tactical Ladder
bond Portfolio Management
Tactical Ladder Municipal Strategy
Actively managed investment grade strategy with duration managed within +/-15% of benchmark, driven by independent in-house credit research to identify undervalued securities.
Tactical Ladder Municipal Strategy
Actively managed investment grade strategy with duration managed within +/-15% of benchmark, driven by independent in-house credit research to identify undervalued securities.
Investment grade
Tax-exempt income
Laddered structure
SMA
Tax-exempt income
Laddered structure
SMA
| Average maturity 8.99 years |
Effective duration 6.07 years |
Top 5 state allocations
| State | Allocation | % | ||
|---|---|---|---|---|
| Texas |
|
13.34% | ||
| Indiana |
|
12.38% | ||
| Illinois |
|
11.89% | ||
| Michigan |
|
8.68% | ||
| Wisconsin |
|
7.46% |
Portfolio management team
| TB | Tom Bernardi, CFA, CIPMPortfolio Manager |
| JT | John TranasPortfolio Manager |
▸ Find our strategies on Morningstar or ZEPHYR PSN
Data as of 03/31/2026. For informational purposes only. Past performance is not indicative of future results.
| Bernardi Securities, Inc. · Member FINRA / SIPC | Request information → |