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California Tax Free Bond Fund - A (JCBAX)

California Tax Free Bond Fund - A (JCBAX)
Overview Performance and Ratings Holdings and Details Management Dividends and Capital Gains Fees and Expenses Sales Resources
David Sivinski
David Sivinski| Executive Director Biography

David Sivinski, executive director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, David is a senior fixed income fund manager for the Tax Aware Strategies team. In addition, he coordinates municipal management for high net worth clients that focus principally on single state municipal bonds. Prior to rejoining the firm in 1992, David moved to First Security National Bank and Trust Company in Lexington, Kentucky where he was ALCO Chairman for the organization and managed a number of areas including the bank’s investment portfolio and the Trust Department’s fixed income portfolios. Prior to this, he managed the bank investment portfolios for all the affiliate banks of Banc One Corp. David holds a B.A. in finance from The Ohio State University and is a CFA charterholder.

Education
  • B.A., Finance, Ohio State University
Experience
  • Industry Experience, 39 Years
  • Firm Experience, 22 Years
  • Fund Experience, 9 Years
Other funds managed by David Sivinski:
Michelle Hallam
Michelle Hallam| Executive Director Biography

Michelle V. Hallam , executive director , is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in New York, Michelle is a senior portfolio manager for the Tax Aware Strategies team and currently manages fixed income portfolios for private clients under the Tax Aware strategy. An employee since 1999, she previously worked as an analyst in the U.S. Institutional Fixed Income Group. She began her career as an analyst in the Internal Consulting Services program, where she worked on projects in Investment Management and Financial Risk Management. Michelle holds a B.S. in economics from Cornell University and is a CFA charterholder.

Education
  • B.S., Economics, Cornell University
Experience
  • Industry Experience, 15 Years
  • Firm Experience, 15 Years
  • Fund Experience, 10 Years

The Fund's fixed income securities are subject to interest rate risk. If rates increase, the value of the Fund's investments generally declines.

For some investors, income may be subject to the Alternative Minimum Tax. Capital gains, if any, are federally taxable. Income may be subject to state and local taxes.

Most of the Fund's investments will be concentrated within one state and its performance will be affected by the fiscal and economic health of that state. Therefore, the Fund could experience more volatility.

The Fund may invest in futures contracts and derivatives. Many derivatives create leverage that can cause the Fund to be more volatile than it would be if it had not used derivatives.