Fixed income

California Short-Intermediate Tax-Free Strategy

The strategy seeks to provide current income exempt from federal and California income taxes while preserving capital. It invests in short- and intermediate-term, investment-grade California municipal obligations. The objective is to outperform the Bloomberg California Municipal 1–5 Year Blend Index by actively managing the four key elements of total return: security selection, sector rotation, duration management, and yield-curve positioning.

Competitive advantages

Independent thinking and discipline

A large, seasoned team of municipal fixed income analysts is supported by compliance and portfolio analytics systems.

Collaboration across asset classes

The team can use taxable fixed income analysts to gain intelligence on corporate bonds.

Flexible but uncompromising

The team has the willingness and ability to move down in credit without compromising the investment process.

Investment approach

Exploiting market inefficiencies while employing prudent risk management

A unique and collaborative approach

Portfolio managers, research analysts, and traders work together to identify the most attractive investments for portfolios to reflect our views and investor needs.

The team is positioned to capture maximum alpha from market inefficiencies.

Independent thinking identifies opportunities from changing market conditions and pricing inefficiencies.

The team effectively manages four main elements of outperformance.

Security selection, sector and credit-quality allocation, duration management, and yield-curve positioning are key to achieving total return outperformance.

Achieving a disciplined relative value orientation with timely credit research.

Seasoned credit analysts seek to provide excess returns by using the ability and willingness to move down in credit without compromising the investment process.

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Our team
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Investment success results from disciplined return-enhancement strategies balanced with prudent risk management.

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Adrian

Adrian Van Poppel

Portfolio Manager
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We look forward to helping you with your investment needs

 

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