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 7.53
Modified Duration 3.99

Sector Allocation

General Obligation 61.92%
School District 14.06%
Water 9.35%
Utilities 3.45%
Higher Education 2.02%

State Allocation

Texas 12.48%
Indiana 9.38%
Wisconsin 9.03%
Michigan 7.92%
Illinois 7.55%

Portfolio Management Team

Tom Bernardi, CFA | 10 years of industry experience
John Tranas | +20 years of industry experience

For more information find our strategies on Envestnet or Morningstar

Data as of 03/31/2022