Long Creditas of June 30, 2018 Print

The Long Credit Fixed Income strategy seeks to outperform the long maturity U.S. bond market by investing in fixed income securities across the corporate and structured markets. 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:
$14,580 million
Portfolio Leadership Team:

Stephen A. Mullin, CFA
Andrew J. Kronschnabel, CFA
Brian D. Funk, CFAVIEW FULL TEAM
Benchmark:
Bloomberg Barclays U.S. Long Credit Index
Inception Date:
November 1, 2008
Download Fact Sheet
Available Vehicles:

Separately Managed Accounts

  SECTOR WEIGHTS (Range)
Target
Alpha1
Target
Tracking Error
Duration
Target
75–150
basis points
100–125
basis points
neutral to
benchmark2

Corporates
Structured Products
Governments

Plus Sectors

80%–100%

0%–10%

0%–20%

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 Barclays U.S. Long Credit Index, Barclays U.S. Long Corporate Index or custom benchmark.

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.