Ultra-Short Municipal
Strategy Overview
The Ultra-Short Term Municipal strategy is an actively managed strategy appropriate for investors seeking a hedge against rising interest rates. The goal of the strategy is to generate higher income compared to tax-free money market funds. The strategy consists of fully discretionary, separately managed account (SMA) portfolios. The strategy invests primarily in municipal bonds exempt from federal income taxes.
Profile
Average Maturity | 1.21 |
Modified Duration | 1.15 |
Sector Allocation
General Obligation | 80.22% |
Water/Sewer | 7.13% |
High Education | 6.88% |
School District | 2.81% |
State Chart
Top State Allocation | % |
Indiana | 17.90% |
Minnesota | 15.10% |
New Jersey | 14.10% |
Iowa | 12.35% |
Arizona | 8.20% |
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 03/31/2022