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 (Barclays 5-Year Municipal). 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 7.45
Modified Duration 3.85

Sector Allocation

General Obligation 61.12%
School District 11.59%
Water 9.00%
Utilities 3.67%
Pre-refunded 2.13%

State Allocation

Top State Allocation %
Texas 11.71%
Wisconsin 9.46%
Indiana 9.05%
Iowa 7.38%
Illinois 7.22%

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 06/30/2021