This strategy features fully discretionary institutional portfolios that invest primarily in municipal bonds from California.
Our municipal capabilities offer investors the opportunity to invest in securities issued by, or on behalf of, state or local governments, and other public authorities. Municipal bonds can offer certain investors potentially increased income streams that are exempt from federal income tax. Investing in bonds with inverse floating-rate obligations, though generally more volatile, can offer an increased opportunity set.
This strategy features fully discretionary portfolios that maintain an average credit quality rating from A to AA.
Featuring fully discretionary portfolios, this strategy seeks to provide a high level of income that is exempt from federal income tax, while protecting your capital.