Short Term Municipal Strategy
Bond Portfolio Management
Short-Term Municipal Strategy
Actively managed SMAs for investors seeking high-quality, diversified municipal exposure with reduced interest rate sensitivity and federal tax-exempt income.
Short-Term Municipal Strategy
Actively managed SMAs for investors seeking high-quality, diversified municipal exposure with reduced interest rate sensitivity and federal tax-exempt income.
Rate hedge
Tax-exempt income
High credit quality
SMA
Tax-exempt income
High credit quality
SMA
| Average maturity 3.41 years |
Effective duration 2.37 years |
Top 5 state allocations
| State | Allocation | % | ||
|---|---|---|---|---|
| Indiana |
|
12.26% | ||
| Texas |
|
12.05% | ||
| Cash |
|
10.67% | ||
| Illinois |
|
7.96% | ||
| Wisconsin |
|
7.29% |
Portfolio management team
| TB | Tom Bernardi, CFA, CIPM
Portfolio Manager |
| JT | John Tranas
Portfolio 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 → |