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District’s laddered portfolios boost income; advisors outline Fed outlook and yield strategy
Summary
Public Trust Advisors reviewed Lee Schools' 1–3 and 1–5 year portfolios, reporting average book yields near 3.9% and substantially higher net income compared with prior years. Advisors tied portfolio performance to Fed and yield-curve expectations and recommended continued laddering for safety.
Public Trust Advisors presented the district’s annual investment review at the Dec. 1 workshop, highlighting how a laddered portfolio strategy preserved book yields and produced materially higher net income for Lee County Schools.
John Grady, managing director at Public Trust, tied the district’s earnings to broader economic indicators and market expectations about the federal funds rate.…
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