Short Term Opportunisticas of December 31, 2016 Print

Logan Circle’s Short-Term Actively Managed Program (“STAMP”) Opportunistic Fixed Income strategy utilizes a top-down approach and seeks to consistently generate excess returns by actively managing exposures to the most attractively valued sectors and securities within the investment grade and high yield markets. The strategy seeks to leverage our deep fundamental research capabilities in both credit and structured product sectors while controlling interest rate risks. Portfolios are constructed within this framework and are concentrated in Corporate Credit, Mortgage-Backed, Asset-Backed and Municipal sectors. At a minimum, the average credit quality is “BBB” and individual investments have a “B” or better quality rating. For the STAMP Opportunistic portfolios, individual securities will have a maturity/average life of five years and shorter.

Assets Under Management:
$89 million
Portfolio Leadership Team:

Scott D. Pavlak, CFA
Peter E. Mahoney VIEW FULL TEAM
Benchmarks:
Bank of America Merrill Lynch 0–2 Year U.S. Treasury; LIBOR (USD)
Inception Date:
June 1, 2012
Download Fact Sheet

  SECTOR WEIGHTS (Range)
Target
Alpha1
Target
Tracking Error
Duration
Target
125–200
basis points
100
basis points
+/- .50 to
benchmark2
Treasuries Government
Agencies
Investment
Grade
Corporates
High Yield/
Bank Loans
Residential
MBS
Commercial
MBS
Asset-Backed
Securities
Municipals Money
Markets
0%–25% 0%–50% 0%–100% 0%–50% 0%–50% 0%–50% 0%–50% 0%–100% 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 0–2 Year U.S. Treasury Index

Non-Index Structures include:

  • Capital Securities (Hybrids, Preferreds, Tier 1, Convertibles)
  • Non-Agency MBS
  • U.S. Government and Government Agencies excluded

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.