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 | 7.64 |
| Modified Duration | 5.24 |
Sector Allocation
| General Obligation | 48.40% |
| School District | 29.97% |
| Water | 7.85% |
| Utilities | 2.95% |
| Higher Education | 2.00% |
State Allocation
| Texas | 13.98% |
| Indiana | 12.55% |
| Michigan | 10.14% |
| Illinois | 8.91% |
| Wisconsin | 7.18% |
Portfolio Management Team
For more information find our strategies on Morningstar
Data as of 09/30/2023