Core Fixed Incomeas of September 30, 2018 Print

The Core Fixed Income strategy seeks to produce risk adjusted long-term total returns above the broad bond market by investing in a core of high quality U.S. fixed income securities across the government, corporate and structured markets. In seeking to exploit inefficiencies in fixed income securities exposed to credit, prepayment and liquidity risks, the Investment team focuses on: optimal security selection; targeting duration-neutral portfolios; and constructing portfolios with attractive risk/reward characteristics.

Assets Under Management:
$1,340 million
Portfolio Leadership Team:

Andrew J. Kronschnabel, CFA
Alfio Leone, IV, CFA
Brian D. Funk, CFAVIEW FULL TEAM
Benchmark:
Bloomberg Barclays U.S. Aggregate Bond Index
Inception Date:
October 1, 2000
Download Fact Sheet
Available Vehicles:

Separately Managed Accounts

  SECTOR WEIGHTS (Range)
Target
Alpha1
Target
Tracking Error
Duration
Target
50–75
basis points
50
basis points
neutral to
benchmark2

Government

Credit
Agency
MBS

CMBS

ABS
Non-Index
Structures

0%–70%

5%–40%

25%–50%

0%–10%

0%–10%

0%–10%

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 U.S. Aggregate Bond 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.