Municipal SMA Strategies

Tax-Advantaged Total Return

Enhanced Tax-Advantaged Municipal Portfolio

Overview

The One Oak Enhanced Municipal Portfolio is a laddered, actively managed strategy that capitalizes on the idiosyncratic nature of the municipal market. The approach consists of a diversified portfolio of high credit quality bonds designed to be appropriate for investors seeking tax-advantaged income.

Enhanced Municipal Portfolio

Strategy
Tax Advantaged Total Return
Investment Quality
Investment-grade
Inception Date
August 2020
Alpha
0.30%
Beta
1.23
Sharpe Ratio
0.06
Standard Deviation
4.29%

Allocation Targets

As of June 30, 2022
Municipal Sector
40% - Gen. Obligation
20% - Sales Tax
15% - Water/Sewer
15% - Utilities
10% - Healthcare

Performance

Enhanced Municipal Portfolio Net Returns

Year
2022
One Oak Net
Benchmark1
2021
One Oak Net
Benchmark1
2020
One Oak Net
Benchmark1
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
YTD
ITD2
-2.31%
-0.57%
-2.57%
-2.24%
1.92%
-1.43%
-7.06%
0.62%
-2.42%
-0.31%
-2.47%
-1.88%
1.51%
-0.53%
-6.00%
-4.95%
0.84%
-1.05%
-1.14%
1.04%
0.52%
0.46%
0.51%
-0.17%
-0.49%
-0.24%
0.83%
-0.43%
3.86%
8.25%
0.33%
-1.20%
0.43%
0.51%
0.05%
0.06%
0.69%
-0.14%
-0.58%
-0.30%
0.36%
0.11%
0.31%
1.13%
0.15%
0.17%
0.51%
2.07%
1.27%
4.23%
4.23%
-0.27%
0.13%
-0.24%
0.88%
0.32%
0.82%
0.82%
1Bloomberg Barclays Municipal Bond: Quality Intermediate Total Return Index
2ITD - Inception-to-date is based on August 1, 2020

Composite Characteristics

Enhanced Municipal Portfolio

Avg. Coupon
4.31%
Duration Modified Adjusted
4.32 yrs
Avg. Maturity
6.57 yrs
Avg. Ratings
AA
Trailing 12 Month Net Returns
-6.25%

Bloomberg Barclays Municipal Bond1

Avg. Coupon
4.61%
Duration Modified Adjusted
4.03 yrs
Avg. Maturity
6.38 yrs
Avg. Ratings
AA
Trailing 12 Month Net Returns
-5.88%
1 Bloomberg Barclays Municipal Bond: Quality Intermediate

Factsheet

Enhanced Tax-Advantaged Municipal Portfolio
June 30, 2022

Portfolio Managers

Neil Crabb, Keith Cronin & Michael DiTursi

Contact Information

ONE OAK CAPITAL MANAGEMENT

287 Bowman Avenue, 3rd Floor
Purchase, NY 10577

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