Enhanced Cashas of December 31, 2016 Print

Logan Circle’s Enhanced Cash Fixed Income strategy utilizes a top-down approach and seeks to consistently generate excess returns through actively managed sector, security and yield curve-level strategies while controlling duration risk. The team seeks to leverage Logan Circle’s deep fundamental credit research and analytical capabilities to enhance returns. Portfolios are broadly diversified across U.S. investment-grade sectors (Treasury, Agency, Corporate, Securitized, Municipal and Money Market). At a minimum, the average portfolio credit quality is Aa3 or AA-. For the Logan Circle Enhanced Cash portfolios, the team is focused on securities with maturities/average lives of three years or shorter.

Assets Under Management:
$957 million
Portfolio Leadership Team:

Scott D. Pavlak, CFA
Peter E. Mahoney VIEW FULL TEAM
Benchmark:
Barclays U.S. Treasury 9–12 Month Index
Inception Date:
June 1, 2012
Download Fact Sheet

  SECTOR WEIGHTS (Range)
Target
Alpha1
Target
Tracking Error
Duration
Target
40–60
basis points
35
basis points
+/- 0.50 years to
benchmark2
Treasuries Government
Agencies
Investment
Grade
Corporates
High Yield/
Bank Loans
Residential
MBS
Commercial
MBS
Asset-Backed
Securities
Municipals Money
Markets
0%–100% 0%–100% 0%–60% 0% 0%–30% 0%–30% 0%–35% 0%–100% 0%–100%

1 Target Alpha is an investment objective and not a promise of future results or performance. It is calculated gross of fees over a 3 to 5 year time horizon. There can be no assurance that a portfolio will achieve its target alpha.

2 Barclays Treasury 9–12 Month Index

Investors should carefully consider their investment objectives, risks, fees, charges and expenses before investing any money. To obtain this and other information, please email asklogan@lcpim.com to request more information. Please review the Terms of Use of this site for additional details.