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.


Average Maturity 7.76
Modified Duration 4.14

Sector Allocation

General Obligation 44.69%
School District 34.07%
Water 6.97%
Utilities 2.43%
Higher Education 2.08%

State Allocation

Texas 12.05%
Indiana 11.96%
Illinois 10.31%
Michigan 10.14%
Wisconsin 5.41%

Portfolio Management Team

Tom Bernardi, CFA
John Tranas

For more information find our strategies on Morningstar

Data as of 12/31/2024