The Low Duration Fixed Income Product seeks to maximize total return, minimize volatility, and preserve capital, with a focus on short duration fixed income securities. Low Duration portfolios are well diversified, and consist of high quality securities with an average portfolio duration of one to three years.
|Reams||Merrill Lynch 1-3 Yr Tr|
|Average Duration||2.2 Years||1.9 Years|
|Average Maturity||2.4 Years||1.9 Years|
|Yield to Maturity||2.0%||1.5%|
As of September 30, 2017
|Reams||Merrill Lynch 1-3 Yr Tr|
|Gov't Related||< 1%||0%|
|Cash & Equivalents||2%||0%|
|1 Yr.||3 Yrs.||5 Yrs.||10 Yrs.||Since
|Low Duration (Gross)||1.28%||1.64%||1.64%||3.80%||3.95%|
|Low Duration (Net)||1.14%||1.51%||1.51%||3.66%||3.80%|
|Merrill Lynch 1-3 Yr Tr||0.24%||0.76%||0.63%||1.70%||2.20%|
The Annual Disclosure Report is an integral part of this presentation and is available for download in Adobe Portable Document Format (PDF) by clicking here. PDFs are viewed using Adobe Acrobat Reader.
Past performance is no guarantee of future results. Performance figures are in U.S. Dollars and assume reinvested income for the entire period. Performance figures stated gross of fees do not reflect the deduction of management fees. Performance results of clients would be reduced by the firm’s management fees. For example, an account with a compounded annual total return of 10% would have increased by 159% over ten years. Assuming an annual management fee of .30%, this increase would be 152%. The firm’s management fees are detailed in its Form ADV Part 2. All investments involve risk, including the possible loss of principal.
Reams Asset Management is a division of Scout Investments, a registered investment advisor that offers investment management services for both managed accounts and mutual funds. Scout Investments is a wholly owned subsidiary of Carillon Tower Advisers (CTA), which in turn is a wholly owned subsidiary of Raymond James Financial.
The firm was previously defined as UMB Institutional Asset Management, a subsidiary of UMB Bank, which managed both institutional and high net worth, trust, and estate assets. On July 1, 2009 the firm transitioned from UMB Bank and became a subsidiary of UMB Financial Corporation in order to focus on institutional investment management. On November 30, 2010, the firm acquired the advisory business of Reams Asset Management Company, LLC. On December 28, 2010, the firm changed its name from Scout Investment Advisors to Scout Investments. On November 17, 2017, Scout Investments was acquired by Carillon Tower Advisers.
Employees of Scout Distributors receive referral fees and compensation for soliciting clients on behalf of Scout Investments, including the Reams Asset Management Division. Scout Investments claims compliance with the Global Investment Performance Standards (GIPS®).
The Low Duration Fixed Income Strategy invests primarily in investment grade securities, while maintaining an average portfolio duration of generally between one and three years. The BofA Merrill Lynch 1-3 Year U.S. Treasury Index is an unmanaged index that tracks the performance of the direct Sovereign debt of the U.S. Government having a maturity of at least 1 year and less than 3 years.
The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor’s, Moody’s, and Fitch as an indication of an issuer’s creditworthiness. Unless specified by client investment guidelines, the middle of three or highest of two credit quality ratings available from these rating agencies is used. Credit quality is subject to change. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Ratings information from Standard & Poor's (“S&P”) may not be reproduced. S&P credit ratings are statements of opinion and are not statements of fact or recommendations to purchase, hold, or sell securities, nor do they address the suitability of securities for investment purposes, and should not be relied on as investment advice. S&P does not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and is not responsible for errors or omissions (negligent or otherwise). S&P gives no express or implied warranties, including but not limited to any warranties of merchantability or fitness for a particular purpose or use. S&P shall not be liable for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or profits and opportunity costs) in connection with any use of ratings.