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 7.41
Modified Duration 4.46

Sector Allocation

General Obligation 59.05%
School District 15.88%
Water 7.83%
Utilities 3.99%
Higher Education 2.75%

State Allocation

Texas 12.68%
Indiana 10.22%
Wisconsin 8.55%
Michigan 7.11%
Illinois 7.08%

Portfolio Management Team

Tom Bernardi, CFA
John Tranas

For more information find our strategies on Envestnet or Morningstar

Data as of 06/30/2022