Green Harvest Asset Management’s Core Index Plus Quality Municipal Strategy offers investors access to a managed portfolio of passive Exchange Traded Funds (ETFs) designed to provide Quality Municipal bond market exposure. This strategy employs Green Harvest’s proprietary process for capturing additional tax benefits. Also, municipal bonds can provide tax-free income. This tax-efficient strategy seeks to improve after-tax performance by capturing capital losses that may be used to offset capital gains
Initial Anchor Holdings (New Portfolio as of 9/30/20)
|RVNU||Xtrackers Municipal Infrastructure Revenue Bond ETF||32.0|
|MLN||VanEck Vectors AMT-Free Long Municipal Index ETF||24.0|
|PZA||Invesco National AMT-Free Municipal Bond ETF||14.0|
|VTEB||Invesco National AMT-Free Municipal Bond ETF||10.0|
|TFI||SPDR Nuveen Bloomberg Barclays Municipal Bond ETF||8.0|
|ITM||VanEck Vectors AMT-Free Intermediate Municipal Index ETF||6.0|
|IBMK||iShares iBonds Dec 2022 Term Muni Bond ETF||6.0|
Pre-Tax Composite Performance (through 09/30/20)
|3 month||YTD||1 Year||3 Year||Inception|
Characteristics (New Portfolio as of 09/30/20)
|Dividend Yield (of portfolio ETFs)||2.39%|
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when the portfolio is liquidated. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.
GHAM does not provide tax advice. Although GHAM does not employ a Certified Public Accountant on its staff, we have, and continue to work with outside accounting firms and outside tax counsel that provide ongoing guidance and updates on all relevant tax law. Federal, state and local tax laws are subject to change. GHAM is not responsible for providing clients updates on any changes in tax laws, rules or statutes.
Composite performance calculations based on asset weighted average of all accounts in the strategy.
Only one account qualified for inclusion based on the GIPS policies and procedures.
Reasons to harvest capital losses, sources of capital gains and the suggestion that mutual funds distribute capital gains are for illustrative purposes only.
The availability of tax alpha is highly dependent upon the initial date and time of investment as well as market direction and security volatility during the investment period. Tax loss harvesting outcomes may vary greatly for clients who invest on different days, weeks, months and all other time periods.
Portfolio Characteristics analytics applies to assets invested in GHAM strategy and their underlying exposures, and excludes any directly held cash or money market balances, which are typically < 0.50% of account value.
All data and conclusions derived from data in this factsheet are unaudited and their reliability and accuracy is not guaranteed.
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