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 York municipal bonds.
Benchmark: Bank of America/Merrill Lynch ("BAML") New York Municipal Bond Index
Inception Date: July 1st, 2007
|FIXED INCOME CHARACTERISTICS||RAMIREZ NY TAX-ADVANTAGED STRATEGY||BAML NY MUNICIPALS INDEX||DIFFERENCE|
|Avg. Maturity (Yrs)||12.48||14.03||-1.54|
|Avg. Coupon (%)||4.07||4.69||-0.63|
|Effective Duration (Yrs)||5.96||6.58||-0.61|
* Compared to industry standards benchmarks, Ramirez has offered a strategy which produces consistently higher annualized returns with lower risk over complete market cycles