AppletonPartners Strategic MuniCrossover (S:0P000152IL)
46.05
-0.13
(-0.29%)
USD |
May 31 2024
Returns Chart
Sep '18
Jan '19
May '19
285.00
270.00
255.00
240.00
Key Stats
| Maximum Management Fee | Annualized Total Returns Since Inception (Daily) | Alpha (vs Category) (3Y) | Forecasted Dividend Yield |
|---|---|---|---|
| Upgrade | Upgrade | Upgrade | -- |
| Total Market Value (Net) | Beta (vs Category) (3Y) | Max Drawdown (Since Inception) | Fwd Dividend Yield (Long) |
| Upgrade | Upgrade | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| Appleton Partners' Strategic Municipal Crossover strategy seeks to increase after-tax portfolio yield and increase portfolio diversification by investing in both taxable and tax-exempt bonds. After-tax spread analysis is performed to identify individual bonds or areas of the yield curve where taxable bonds may offer enough incremental yield on an after tax basis to out-yield comparable municipal bonds. The exposure to a wider universe of risk factors also serves to dampen portfolio volatility and offers the potential for a higher risk-adjusted return than a pure asset class portfolio alone. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | -- |
| Fixed Income Style | Medium Quality/Limited Sensitivity |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Appleton Partners Inc. |
| Prospectus Benchmark Index | |
| Bloomberg Managed Mny Sht/Interm TR USD | 50.00% |
| Bloomberg US Govt/Credit Interm TR USD | 50.00% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Jason Audette | 13.42 yrs |
Annual Total Returns Versus Peers
As of May 31, 2024.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Bank of America Corp.
|
7.23% | -- | -- |
|
Midamerican Energy Company
|
6.67% | -- | -- |
|
Goldman Sachs Group, Inc.
|
6.39% | -- | -- |
|
United States Treasury Notes
|
5.81% | -- | -- |
|
Chevron USA Inc
|
5.79% | -- | -- |
|
Verizon Communications Inc.
|
5.69% | -- | -- |
|
Apple Inc.
|
5.12% | -- | -- |
|
Pfizer Investment Enterprises Pte Ltd.
|
5.09% | -- | -- |
|
NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT
|
5.04% | -- | -- |
|
Comcast Corporation
|
4.97% | -- | -- |
Fees & Availability
| Fees | |
| Negotiable Fee |
|
| Administrative Fee | -- |
| Maximum Management Fee | Upgrade |
| Prospectus Custodian Fee | -- |
| Trustee Fee | -- |
| Purchase Details | |
| Open to New Investors |
|
| Open to Existing Investors |
|
| Minimum Initial Investment | -- |
| Minimum Subsequent Investment | -- |
Basic Info
| Investment Strategy | |
| Appleton Partners' Strategic Municipal Crossover strategy seeks to increase after-tax portfolio yield and increase portfolio diversification by investing in both taxable and tax-exempt bonds. After-tax spread analysis is performed to identify individual bonds or areas of the yield curve where taxable bonds may offer enough incremental yield on an after tax basis to out-yield comparable municipal bonds. The exposure to a wider universe of risk factors also serves to dampen portfolio volatility and offers the potential for a higher risk-adjusted return than a pure asset class portfolio alone. |
| General | |
| Security Type | Separately Managed Account |
| Equity Style | -- |
| Fixed Income Style | Medium Quality/Limited Sensitivity |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Category Name | Nontraditional Bond |
| Category Index | ICE BofA USD 3M Dep OR CM TR USD |
| Global Category Name | Fixed Income Miscellaneous |
| YCharts Categorization | Global Fixed Income |
| YCharts Benchmark | Bloomberg Global Aggregate (^BBGATR) |
| Fund Owner Firm Name | Appleton Partners Inc. |
| Prospectus Benchmark Index | |
| Bloomberg Managed Mny Sht/Interm TR USD | 50.00% |
| Bloomberg US Govt/Credit Interm TR USD | 50.00% |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
| Manager Tenure | |
| Jason Audette | 13.42 yrs |
Fundamentals
Fund Details
| Key Dates | |
| Inception Date | 7/3/1989 |
| Last Annual Report Date | 12/31/2023 |
| Last Prospectus Date | -- |
| Attributes | |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |