Core Plus Fixed Incomeas of June 30, 2018 Print

The Core Plus strategy seeks to outperform the broad fixed income market by investing in a core of high quality U.S. fixed income securities across the government, corporate and structured markets, supplemented with U.S. high yield bonds and international bonds in both established and emerging 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:
$1,551 million
Portfolio Leadership Team:

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

Separately Managed Accounts
Registered Mutual Fund
Collective Investment Trust

  SECTOR WEIGHTS (Range)
Target
Alpha1
Target
Tracking Error
Duration
Target
125–175
basis points
100–200
basis points
neutral to
benchmark2

IG Credit

Structured Products

Governments

Plus Sectors

10%–60%

20%–60%

5%–50%

0%–20%

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.

Logan Circle Plus Sector Definition :

  • High Yield / Bank Loans
  • Non-Agency Mortgage Backed Securities
  • U.S. dollar & Local Currency Emerging Markets
  • Capital securities (Tier 1, Preferreds, Hybrids, Convertibles)
  • Non-U.S. dollar denominated debt

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.