ZCM National Municipal Income Opportunity

Overview

Seeks to maximize after-tax income and principal protection by investing in A-rated or higher municipal bonds issued across the country. Portfolios can also be invested in any single, specific state, and high-yield securities may also be utilized if desired.

Investment Philosophy

Our investment philosophy incorporates an active top-down investment management approach, focusing on seeking principal protection while maximizing after-tax total returns. Careful consideration is made to client objectives, including cash flows, return requirements, liquidity constraints, and risk tolerance. Value is added by incorporating credit trends and bond structure diversity in conjunction with the analysis of economic trends and their effect on the overall yield curve. Portfolio management strategy focuses on an appropriate duration target, relative value on the yield curve and credit spreads.

Portfolio Management

Paul Clark, CFA

Director of Fixed Income Strategies, Senior Portfolio Manager

Richard Marrone

Director of Fixed Income Strategies, Senior Portfolio Manager
Snapshot

Benchmark: Bloomberg Barclays 7-Year Muni Bond Index
Inception Date:
December 31, 2010
Account Minimum: $100,000
Investment Team: Fixed Income Group

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