Description: The Bloomberg Barclays Municipal Bond Index is a rules-based, market-value-weighted index engineered for the long-term tax-exempt bond market.
Benchmark: Barclays Tax-Free Municipal Bond Index
Inception Date: May 1st, 2012
| FIXED INCOME CHARACTERISTICS | RAMIREZ TAX-ADVANTAGED STRATEGY | BARCLAYS MUNICIPALS INDEX | DIFFERENCE |
|---|---|---|---|
| Avg. Maturity (Yrs) | 14.65 | 13.0 | 1.65 |
| Yield-to-Worst (%) | 2.59 | 2.23 | 0.36 |
| Avg. Coupon (%) | 4.69 | 4.73 | -0.04 |
| Avg. Quality | A2 | AA2 | - |
| Convexity | -0.94 | -0.85 | -0.09 |
| Effective Duration (Yrs) | 5.90 | 6.33 | -0.43 |