The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:WSJ Spotlights RidgeWorth's Schwartz Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 20, 2010

WSJ Spotlights RidgeWorth's Schwartz

News summary by MFWire's editors

Ronald Schwartz, who calls the shots at the $1.2 billion RidgeWorth Investment Grade Tax-Exempt Bond Fund, is the subject of today's Wall Street Journal Fund Track column.

Schwartz, who has helmed the fund since its launch in 1992, describes it as a "conservatively run intermediate portfolio." More than half of the fund is invested in revenue bonds, which are backed by steady income streams such as fees.

For example, Schwartz likes bonds that are backed by revenue from water and and sewer systems (the fund currently holds water and sewer bonds from NYC's Municipal Water Finance Authority). Schwartz also bets on bond issues with a minimum of $50 million and avoids smaller deals because they tend to have "limited" and dated information on key financial data.

The fund has returned 6.7 percent year to date as of Monday. Its benchmark, Barclays Capital 1-15 Blend Index, is up 5.9 percent.  

Edited by: Hung Tran

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use