Avoid surprises thanks to this disciplined approach to municipal investment.
Do you seek a well-balanced municipal bond portfolio with extremely high credit quality that aims to provide consistent income? If so, consider our Ladder strategy, which offers a traditional investment option targeting predictable maturities that are typically equally weighted across the yield curve. In addition, our Ladder portfolios afford investors a certain degree of liquidity, as well as attractive fees below industry standards.
Continue exploring this page to find out more about the investor traits that are best suited for Gurtin’s Ladder strategy. You can also view strategy features, detailed performance statistics, downloadable fact sheets, and responses to common questions about our Ladder portfolios.
Such as novice investors seeking exposure to the municipal market with a traditional laddered portfolio structure, strong credits — and fees below industry standards
Our Municipal Ladder strategy* is generally well suited for investors with a neutral view on potential interest-rate fluctuations. In this strategy, our goal is to provide a consistent level of income through an even distribution of maturities across your Ladder.
To help achieve this objective, we use proprietary technology to: 1) calculate daily all outstanding portfolio needs, 2) scour the de-centralized $3.9 trillion municipal bond market to identify available bonds that will satisfy these portfolio needs, and 3) systematically allocate the appropriate bonds across eligible portfolios in an equitable manner.
In this way, we are able to offer management fees that are competitive with low-fee mutual funds. In addition, you can reach fee breakpoints faster because we aggregate municipal assets within advisory firm relationships. Finally, we can customize portfolios managed under our Ladder strategy to meet clients’ tax profile, income, investment horizon, and liquidity needs, so you can rest assured you’re providing clients with a portfolio that’s tailored to their unique investment requirements.
*As of April 1, 2018, the Municipal Intermediate-Term, Municipal Limited-Term, Municipal Short-Term, and Municipal Ultra Short-Term Composites have been renamed the Municipal Ladder - Intermediate, Municipal Ladder - Limited, Municipal Ladder - Short, and Municipal Ladder - Ultra Short Composites, respectively.