I'm looking to add an I/T muni fund to compliment my HY muni, OPTAX (only bond fund owned in my taxable acct). I have a fair amount of cash (in pct terms) that obviously is doing nothing. I'm at my target stock-to-bond/cash allocation, but not sure it's wise to hold onto CASH or increase my stock percentage, so the next best thing, i presume, is to put some CASH to work, somewhere. I've look into "alternative" investments, but not sure the added risk and uncertainty is what i am looking for.
I prefer a below 1 beta and low/below avg risk profile.
I've narrowed it down to: BBIIX (BBH); BMNIX (Baird); WITAX (Segall Bryant & Hamill)
They all have solid metrics, including sub-four SD. WITAX appears to have slightly lower credit quality but also has slightly out-performed the other two, but for the most part, most metrics a very similar.
Any thoughts, suggestions or opinions on these or other investments that i should consider and investigate, would be greatly appreciated!!!