Symmetry Panoramic Municipal Fixed Income Fund Institutional is an actively managed open-end mutual fund focused on tax-exempt fixed income. Its primary objective is to provide current income exempt from U.S. federal personal income tax, implemented through a diversified, multi-strategy approach to municipal bonds that blends exposures across short-, intermediate-, and long-term maturities via underlying mutual funds and ETFs, and may include a measured allocation to lower-rated high-yield municipal debt. The fund targets the S&P Short Term National AMT-Free Municipal Bond Index as a benchmark and maintains a conservative interest-rate stance, with limited duration positioning typical of short muni strategies. The portfolio is concentrated in high-quality municipal credits, with a significant allocation to underlying vehicles from established providers, and an average credit profile around AA alongside a short effective duration profile. Designed for investors seeking federally tax-exempt income with modest price volatility, the fund emphasizes factor-informed portfolio construction and broad diversification across issuers, sectors, and maturities to serve as a core municipal bond holding within taxable fixed-income allocations.
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