New York 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 York municipal bonds.

Benchmark: Bank of America/Merrill Lynch ("BAML") New York Municipal Bond Index

Inception Date: July 1st, 2007

Avg. Maturity (Yrs) 12.48 14.03 -1.54
Yield-to-Worst (%) 2.54 2.17 0.37
Avg. Coupon (%) 4.07 4.69 -0.63
Avg. Quality A2 Aa3 -
Convexity -0.51 -0.37 -0.14
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


To all clients:

As developments regarding the Coronavirus (COVID-19) continue to unfold around the world, we would like to reassure you that all Samuel A. Ramirez & Company, Inc. (Ramirez & Company) offices remain open, we have all employees able to work remote, if needed, and that we continue operating business as usual, providing all products, services and capabilities for our clients across the globe.

We are closely monitoring developments regarding the spread of the virus and assessing potential impacts it could have on our operations. Ramirez & Company has a robust business continuity and resilience program, which includes standards, controls, and exercising for infectious disease and pandemic planning, and we are fully prepared to continue operating under a variety of different scenarios.

We will continue to provide updates to you, as needed, in the coming days and weeks. If you have any questions, please contact your Sales or Relationship Manager.

Ramirez & Company, Inc. Management