Reams Ultra Low Duration Fixed Income
The Ultra Low Duration Product seeks to maximize total return, minimize volatility and preserve capital, with an emphasis on liquidity. Ultra Low Duration portfolios are well diversified and consist of high-quality securities with a maximum portfolio duration of 1.2 years.
| Composite Assets (as of 9/30/2024) |
Inception Date | Quarterly Factsheet | |
|---|---|---|---|
| Reams Ultra Low Duration | $177 mm | June 1, 2015 |  |
Portfolio Highlights
Portfolio Highlights
as of Sept. 30, 2024
| Average Duration |
Average Maturity |
Average Yield to Worst |
Average Quality |
|
|---|---|---|---|---|
| Reams Ultra Low Duration | 0.7 Years | 0.8 Years | 4.4% | Aa2 |
| ICE BAML 9-12 Month Treasury | 0.8 Years | 0.9 Years | 4.0% | Aa1 |
Portfolio Performance
Portfolio Performance
Annualized performance as of Sept. 30, 2024
| 1 Yr. | 3 Yrs. | 5 Yrs. | Since Inception | |
|---|---|---|---|---|
| Reams Ultra Low Duration (Gross) | 6.49% | 3.18% | 2.49% | 2.09% |
| Reams Ultra Low Duration (Net) | 6.33% | 3.03% | 2.34% | 1.94% |
| ICE® BAML® 9-12 Month Treasury | 5.94% | 2.94% | 2.21% | 1.79% |
Important Disclosure
Past performance is no guarantee of future results. Performance figures are stated as gross and net, which is calculated using the highest management fee of 0.15% for this strategy. The firm’s management fees are detailed in its Form ADV Part 2A.
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 Raymond James Investment Management (formerly Carillon Tower Advisers), 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. On October 1, 2022, Carillon changed its name to Raymond James Investment Management.
Scout Investments, Inc. claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. To receive a complete list and description of composites and/or a GIPS-compliant performance report, please contact Reams Asset Management at 463.777.3900.
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.
The ICE® BofAML® 9-12 Month U.S. Treasury Bill 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 9 months and less than 12 months.
