New Jersey Tax-Exempt Strategy

Description: Tax-Advantaged Strategy designed to maximize tax-free income. Individual portfolios are optimally constructed according to the unique risk characteristics and tax sensitivities of each of our clients. Typically, 90 - 100% of the total strategy is invested in New Jersey municipal bonds.

Benchmark: Barclays New Jersey Tax Free Municipal Bond Index

Inception Date: July 1st, 2010

FIXED INCOME CHARACTERISTICS RAMIREZ NJ TAX-ADVANTAGED STRATEGY BARCLAYS NJ MUNICIPALS INDEX DIFFERENCE
Avg. Maturity (Yrs) 19.68 11.93 7.75
Yield-to-Worst (%) 3.10 2.80 0.30
Avg. Coupon (%) 4.48 4.55 -0.07
Avg. Quality A2 A2 -
Convexity -0.80 -0.90 0.10
Effective Duration (Yrs) 8.19 6.43 1.76
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