Municipal securities offer potential for attractive yields and enhanced safety of principal. We invest in municipal securities that offer incremental yield. The portfolio will typically have a duration between three and ten years.
| Inception Date | September 1, 2012 |
| Assets Under Management (in millions) | $9.10 |
| Investment Style | National Municipal Intermediate |
| Maturity | Projected (5 to 10 years) |
| Decision Making | Credit/Spread Analysis |
| Benchmark | Barclays Capital Muni Intermediate Index |
| Enhanced Tax Free | Barclays Capital Muni Intermediate Index | |
|---|---|---|
| Average Credit Quality | A1 | A1 |
| Duration | 3.2 yrs | 4.8 yrs |
| Yield to Worst | 0.8% | 0.7% |
| Jackson County Miss Port Fac Rev | 7.7% |
| Valdez Alaska Marine Term Rev | 5.5% |
| Beckham County OK Edl Facs Auth EDL Facs Lease Rev | 2.3% |
| Evansville Vanderburgh County Ind Bldg Auth Lease Rent Rev | 2.3% |
| Harris County Tex Mun Util Dist No 396 | 2.1% |
| Marshall County OK Edl Facs Auth Edl Facs Lease Rev | 2.1% |
| Barker Cypress Mun Itil Dist Tex | 2.0% |
| Cimarron Tex Mun Util Dist | 1.9% |
| Midlothian Ill PK Dist | 1.9% |
| Adams County Ill Sch Dist No 172 | 1.9% |