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 | 1.00 |
| Modified Duration | 0.95 |
Sector Allocation
| General Obligation | 68.11% |
| School District | 10.94% |
| Utility | 7.19% |
| Higher Education | 6.92% |
State Chart
| Top State Allocation | % |
| Indiana | 18.01% |
| New Jersey | 14.04% |
| Pennsylvania | 10.94% |
| Minnesota | 8.39% |
| Arizona | 8.26% |
Portfolio Management Team
For more information find our strategies on Envestnet or Morningstar
Data as of 06/30/2022