STAMP 1 - 3 Yearas of December 31, 2016 Print

Logan Circle’s Short-Term Actively Managed Program (“STAMP”) 1–3 Year 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) with opportunistic allocations to the High Yield and Bank Loan sectors where permitted. At a minimum, the average portfolio credit quality is A2 or A. For the Logan Circle STAMP 1–3 Year portfolios, the team is focused on securities with maturities/average lives of five years or shorter.

Assets Under Management:
$3,187 million
Portfolio Leadership Team:

Scott D. Pavlak, CFA
Peter E. Mahoney VIEW FULL TEAM
Benchmarks:
Bank of America Merrill Lynch 1–3 Year U.S. Treasury; Bank of America Merrill Lynch 1–3 Year U.S. Government/Corporate Index
Inception Date:
January 1, 1997
Download Fact Sheet

  SECTOR WEIGHTS (Range)
Target
Alpha1
Target
Tracking Error
Duration
Target
35–70  basis points 35
basis points
+/- 20% 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%–10% 0%–30% 0%–30% 0%–30% 0%–50% 0%–50%

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 BofA Merrill Lynch 1–3 Year U.S. Treasury Index; BofA Merrill Lynch 1–3 Year U.S. Gov/Corp 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.