Fixed income

California Tax-Free Strategy

The strategy seeks total return as well as current income exempt from federal and California income taxes. It invests primarily in intermediate- to long-term, investment-grade California municipal obligations. The objective is to outperform the Bloomberg California Municipal Bond 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.

Our team
Meet the investment team

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

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We look forward to helping you with your investment needs