Passive Strategies

Partnering with Financial Advisors to meet investor needs requires collaboration and flexible investment solutions. That’s why despite our commitment to active management we also offer disciplined tax-exempt and taxable passive bond strategies that draw upon our credit research expertise. Our goal is to provide you with a diversity of high-quality portfolio management options.

Laddered Portfolio Management​

Our Municipal and High-Grade Taxable bond ladders seek to preserve capital and provide steady income through a structured, risk-managed investment process.

Defined Parameters That Match Your Objectives

Appleton’s laddered portfolios are designed to be simple, predictable, and tax-efficient because they follow an established, three-pronged approach to passive investing:


Managing a successful laddered portfolio begins with investments across a range of maturities per strategy guidelines to lock in market yields.


Once invested, accounts are typically not traded other than in the event of credit deterioration or a change in cash flow needs. Bonds roll down to maturity over time, providing you with the bond’s yield to maturity.


Upon each bond’s maturity, proceeds are reinvested into new bonds at the longest maturity on the ladder, thereby maintaining your portfolio structure.

Proprietary Research and Disciplined Risk Management

We take pride in managing portfolios that closely align with our clients’ needs. Laddered strategies constructed around specific investor objectives offer a means to do just that.

Greg Lally

Senior Vice President / Fixed Income Portfolio Manager