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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To all clients:

Samuel A. Ramirez & Company, Inc. (Ramirez & Company) continues to monitor all federal, state, and local COVID-19 guidance. Currently all employees are working remotely. The firm is operating business as usual, providing all products, services and capabilities for our clients across the globe. We will continue to provide updates to you, as needed, in the coming days and weeks.

For more information, please refer to the Ramirez & Co. Business Continuity Client Disclosure: ramirezco.com/BusinessContinuity. If you have any questions, please contact your Sales or Relationship Manager or email info@ramirezco.com.

Ramirez & Company, Inc. Management