North American Corporateas of June 30, 2018 Print

Logan Circle’s North American Corporate Bond strategy seeks to produce predictable and consistent excess return while providing clients a flexible vehicle to meet long term objectives. The strategy widens the investment universe to incorporate all corporate bonds denominated in U.S. dollars and Canadian dollars. In seeking to exploit inefficiencies in fixed income securities exposed to credit, default and liquidity risks, we utilize our in-house credit research team to focus on optimal security selection; target duration-neutral portfolios; and construct portfolios with attractive risk/reward characteristics.

Assets Under Management:
$363 million
Portfolio Leadership Team:

Andrew J. Kronschnabel, CFA
Stephen A. Mullin, CFA
Brian D. Funk, CFAVIEW FULL TEAM
Benchmark:
Bank of America Merrill Lynch Canada Corporate Index
Inception Date:
April 2, 2012
Download Fact Sheet
Available Vehicles:

Separately Managed Accounts

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

Corporates

Credit

MBS

Governments

Plus Sectors

80%–100%

5%–40%

0%–10%

0%–40%

0%–15%

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 Bank of America Merrill Lynch Canada Corporate Index

Logan Circle Plus Sector Definition:

  • High Yield / Bank Loans
  • Emerging Market Debt (USD and CAD only)
  • Capital securities (Tier 1, Preferreds, Hybrids, Convertibles)

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.