ZCM Intermediate Duration California Municipal

Overview

Designed to provide a high level of current income and capital appreciation by investing in a variety of California municipal securities. The strategy’s focus is on relative value analysis across sector and individual securities as well as an emphasis on yield curve positioning and duration management.

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

More Information