Short Term Opportunisticas of June 30, 2018 Print

The STAMP Opportunistic strategy seeks to generate excess returns over the short duration benchmarks through the active management of sector, yield curve, security and duration allocations within the investment grade universe, with a target duration of +/- 20% to the stated benchmark. Portfolios are constructed within this framework and are concentrated in Corporate Credit, Mortgage-Backed, Asset-Backed and Municipal sectors with opportunistic allocations to the High Yield and Bank Loan sectors. At a minimum, the average credit quality is “BBB” and individual investments have a “B” or better quality rating. Individual securities will have a maturity/average life of five years and shorter.

Assets Under Management:
$116 million
Portfolio Leadership Team:

Scott D. Pavlak, CFA
Peter E. MahoneyVIEW FULL TEAM
Benchmarks:
ICE BofAML 0–2 Year U.S. Treasury; LIBOR (USD)
Inception Date:
June 1, 2012
Download Fact Sheet
Available Vehicles:

Separately Managed Accounts

  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.