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 | 8.30 |
| Modified Duration | 4.57 |
Sector Allocation
| General Obligation | 40.47% |
| School District | 39.60% |
| Water | 6.87% |
| Utilities | 3.29% |
| Higher Education | 2.15% |
State Allocation
| Indiana | 13.46% |
| Illinois | 11.62% |
| Texas | 10.86% |
| Michigan | 8.79% |
| Wisconsin | 8.00% |
Portfolio Management Team
For more information find our strategies on Morningstar
Data as of 06/30/2024