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. 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 | 6.75 |
| Modified Duration | 3.88 |
Sector Allocation
| General Obligation | 52.89% |
| School District | 19.41% |
| Water | 7.08% |
| Utilities | 3.98% |
| Higher Education | 2.11% |
State Allocation
| Texas | 14.23% |
| Indiana | 9.88% |
| Illinois | 7.71% |
| Wisconsin | 7.38% |
| Michigan | 6.53% |
Portfolio Management Team
For more information find our strategies on Morningstar
Data as of 12/31/2022