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Wasmer Schroeder

Long Tax Exempt Credit

LTEC

Objective

Longer duration, tax exempt income using opportunistic credit selection across the full spectrum of the municipal yield curve

 

Highlights

  • Focus: Seeks to generate income opportunistically across the credit and yield curves
  • Composite Inception Date: 8/31/2015
  • Benchmark: Bloomberg Barclays Municipal Bond Index
  • Credit Quality: Opportunistic portfolios that may hold below investment grade bonds depending on relative value
  • Duration: Long duration approach that targets a strategic mix of 1-30 year maturities
  • Sector Allocation: Diversified sector approach that tactically overweights revenue bonds with opportunistic exposure to general obligation debt

Characteristics

 

Top Sectors

Source for Index information: Bloomberg Barclays

Credit Quality Details

*Below Investment Grade

The rating shown is the middle rating ranked lowest to highest by the three primary rating agencies, if three ratings are available. If only two ratings are available, WS shows the lower of the two ratings. More information about the ratings assigned to the securities in the Portfolio by each ratings agency is available upon request. The ratings shown may not reflect the ratings as of the report date; ratings are updated periodically and are subject to change without notice. During periods of market volatility, ratings may change dramatically.