Long Creditas of September 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:
$15,023 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
Collective Investment Trust

  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.