Intermediate Government / Creditas of June 30, 2018 Print

The Intermediate Government/Credit Fixed Income strategy seeks to generate total returns in excess of the Barclays Capital U.S. Government Credit Intermediate Index over a market cycle through the active management of sector, yield curve, security and duration allocations. The investment team seeks to leverage the firm’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). At a minimum, the average portfolio credit quality is Aa3 or AA-.

Assets Under Management:
$166 million
Portfolio Leadership Team:

Scott D. Pavlak, CFA
Peter E. MahoneyVIEW FULL TEAM
Benchmarks:
Barclays U.S. Government Intermediate Index; Barclays U.S. Government/Credit Intermediate Index
Inception Date:
January 1, 1997
Download Fact Sheet
Available Vehicles:

Separately Managed Accounts

  SECTOR WEIGHTS (Range)
Target
Alpha1
Target
Tracking Error
Duration
Target
30–60
basis points
30
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% 0%–30% 0%–30% 0%–30% 0%–50% 0%–25%

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 Capital Intermediate Government/Credit 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.