The strategy directive for the 3-17 Year Ladder strategy is income and preservation of principal. We strive to maximize risk-adjusted returns through the construction of higher quality, separately managed portfolios.
Securities used in this strategy include tax-free municipal bonds. We do not buy bonds subject to AMT. The maturity band we generally utilize is 3-17 years, which allows us to pick up a bit more yield without having to take on additional credit risk. Diversification has been a staple of our success; hence this strategy uses a wide variety of structures, purposes and sectors.
We do not subscribe to the buy and hold mentality, but to the belief that everything is for sale at a price.