Municipal securities offer potential for attractive yields and enhanced safety of principal. We invest in investment-grade municipal securities rated A3/A- or better at the time of purchase. The portfolio will have duration of between three and ten years.
| Inception Date | January 1, 2000 |
| Assets Under Management (in millions) | $196.00 |
| Investment Style | High Quality National Intermediate Municipal |
| Maturity | Intermediate (3 to 10 years) |
| Decision Making | Sector/Spread Analysis |
| Benchmark | Barclays Municipal Bond Index |
| Intermediate Tax Free | Barclays Municipal Bond Index | |
|---|---|---|
| Average Credit Quality | Aa2 | A1 |
| Duration | 4.4 yrs | 4.2 yrs |
| Average Maturity | 4.9 yrs | 6.6 yrs |
| Current Yield | 3.5% | 4.0% |
| Number of Holdings | 15 | 29405 |
| Coupon Rate | 4.2% | 4.6% |
| Yield to Maturity | 1.5% | 1.5% |
| Intermediate Tax Free | |
|---|---|
| General Obligation | 62.60 |
| Revenue | 33.20 |
| Cash | 3.30 |
| West Palm Beach Revenue Bond | 1.8% |
| Beaumont TX ISD | 1.8% |
| Campbell & Kenton County No. 1 Rev | 1.3% |
| Evansville Ind Redev Authority | 1.0% |
| Texas St | 1.0% |
| Fort Worth TX | 0.9% |
| Mantanuska-Susitna Boro Lease Revenue | 0.9% |
| Wichita KS Water & Sewer Utility Revenue | 0.9% |
| South Dakota Conservancy Distric | 0.8% |
| Kansas City Mo Spl Oblig | 0.8% |