Corporate Fixed Incomeas of June 30, 2018 Print

The Corporate Fixed Income strategy seeks to outperform the benchmark by investing in high quality fixed income securities across the government, corporate and structured markets, focusing on U.S. investment grade corporate debt. In seeking to exploit inefficiencies in fixed income securities exposed to credit, default, 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:
$6,612 million
Portfolio Leadership Team:

Andrew J. Kronschnabel, CFA
Stephen A. Mullin, CFA
Brian D. Funk, CFAVIEW FULL TEAM
Benchmark:
Bloomberg Barclays U.S. Credit Index
Inception Date:
October 1, 2000
Download Fact Sheet
Available Vehicles:

Separately Managed Accounts

  SECTOR WEIGHTS (Range)
Target
Alpha1
Target
Tracking Error
Duration
Target
125–200
basis points
150
basis points
neutral to
benchmark2

Corporates

MBS

Governments

Plus Sectors

80%–100%

0%–10%

0%–20%

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.

2Barclays U.S. Credit Index

Logan Circle Plus Sector Definition:

  • High Yield / Bank Loans
  • 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.