About SPMFX
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.
Fund Family Symmetry Partners
Category Muni National Interm
Performance Rating Below Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol SPMFX
Share Class Class I Shares
Index S&P Short-Term National AMT-Free Municipal Bond TR
SPMFX had a total return of 3.16% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.25%.
