Fees and Compensation — Form ADV Part 2A (3/28/2019)
[Brochure]
Item 5 – Fees and Compensation
Logan Circle is typically compensated for its advisory services based upon a percentage of assets under
management and may also charge performance-based fees. Logan Circle’s standard advisory fees are
set forth below:
Bank Loan Portfolios
0.50 % ‐ on amounts up to $50 million
0.45% ‐ on amounts from $50 million to $100 million
0.40% ‐ on amounts over $100 million
Minimum account size: $25 million
Core Fixed Income Portfolios
0.30% - on amounts up to $50 million
0.25% - on amounts from $50 million to $150 million
0.20% - on amounts over $150 million
Core Plus Fixed Income Portfolios
0.35% - on amounts up to $50 million
0.30% - on amounts from $50 million to $150 million
0.25% - on amounts over $150 million
Corporate Fixed Income Portfolios
0.35% - on amounts up to $50 million
0.30% - on amounts from $50 million to $150 million
0.25% - on amounts over $150 million
Emerging Market Debt Portfolios
0.50% - on amounts up to $50 million
0.45% - on amounts from $50 million to $150 million
0.40% - on amounts over $150 million
Minimum account size: $50 million
Global Fixed Income Portfolios
0.40% - on amounts up to $25 million
0.35% - on amounts from $25 million to $50 million
0.30% - on amounts over $50 million
High Yield and High Yield Mid-Grade Fixed Income Portfolios
0.50% - on amounts up to $50 million
0.45% - on amounts from $50 million to $100 million
0.40% - on amounts over $100 million
Minimum account size: $15 million
Intermediate Fixed Income Portfolios
0.30% - on amounts up to $25 million
0.25% - on amounts from $25 million to $100 million
0.20% - on amounts over $100 million
Intermediate Corporate Fixed Income Portfolios
0.35% - on amounts up to $50 million
0.30% - on amounts from $50 million to $150 million
0.25% - on amounts over $150 million
Intermediate Government/Credit Portfolios
0.30% ‐ on amounts up to $25 million
0.25% ‐ on amounts from $25 million to $100 million
0.20% ‐ on amounts from $100 to $200 million
0.15% ‐ on amounts over $200 million
Minimum account size: $10 million
Long Credit Portfolios
0.30% - on amounts up to $100 million
0.25% - on amounts from $100 million to $250 million
0.20% - on amounts over $250 million
Minimum account size: $25 million
Long Government/Credit Portfolios
0.30% - on amounts up to $100 million
0.25% - on amounts from $100 million to $250 million
0.20% - on amounts over $250 million
Minimum account size: $25 million
Limited Term Fixed Income Portfolios
0.25% - on amounts up to $25 million
0.20% - on amounts from $25 million to $100 million
0.15% - on amounts over $100 million
Long/Short Credit Portfolios
1.25% - on all amounts
Minimum account size: $25 million
Multi-Sector Fixed Income Portfolios
0.40% - on amounts up to $25 million
0.35% - on amounts from $25 million to $100 million
0.30% - on amounts over $100 million
Multi-Sector Opportunistic Fixed Income Portfolios
0.50% - on amounts up to $25 million
0.45% - on amounts from $25 million to $100 million
0.40% - on amounts over $100 million
North American Corporate Bond Portfolios
0.40% - on amounts up to $25 million
0.35% - on amounts from $25 million to $100 million
0.30% - on amounts over $100 million
Short-Term Actively Managed Cash Plus Portfolios
0.15% ‐ on amounts up to $50 million
0.125% ‐ on amounts from $50 million to $100 million
0.10% ‐ on amounts over $100 million
Minimum account size: $20 million
Short-Term Actively Managed Enhanced Cash Portfolios
0.15% ‐ on amounts up to $50 million
0.125% ‐ on amounts from $50 million to $100 million
0.10% ‐ on amounts over $100 million
Minimum account size: $20 million
Short-Term Actively Managed 1-3 Year Portfolios
0.25% - on amounts up to $25 million
0.20% - on amounts from $25 million to $100 million
0.15% - on amounts over $100 million
Minimum account size: $20 million
Short-Term Actively Managed 1-5 Year Portfolios
0.25% - on amounts up to $25 million
0.20% - on amounts from $25 million to $100 million
0.15% - on amounts over $100 million
Minimum account size: $20 million
Short-Term Actively Managed Opportunistic Portfolios
0.30% - on amounts up to $25 million
0.25% - on amounts from $25 million to $100 million
0.20% - on amounts over $100 million
Minimum account size: $20 million
Logan Circle reserves the right to negotiate fees and minimum account sizes and fees paid vary based on
the type of advice provided and other factors, such as the size of the client account (including the
aggregate size of multiple accounts for the same client or related clients), the investment strategy, the
relationship with the client and the required level of service. Fees may also differ based on account
type. For example, fees for commingled vehicles may differ from fees for single client accounts, and fee
arrangements with other investment managers or advisers under which the assets their accounts are
aggregated in order to obtain a lower fee schedule. Since fees are negotiable, clients with similar
investment objectives or strategies may pay different fees. Such clients will pay lower fees than some
other clients as a result of this lower fee schedule.
Fees are calculated and payable quarterly. Fees will be prorated if a contract is terminated other than
at quarter-end. Generally, the fee is based upon the market value of the account as of the end of each
calendar quarter, although in some instances average quarterly assets are used. Logan Circle normally
bills advisory fees in arrears and does not deduct fees directly from clients’ assets; however, it will
deduct fees if a client directs it to do so.
Logan Circle’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses, which shall be incurred by the client. Clients will incur charges imposed by custodians,
brokers and other third parties, including, but not limited to, custodial fees, deferred sales charges, odd-
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Account Minimums and Types of Clients — Form ADV Part 2A (3/28/2019)
[Brochure]
Item 7 – Types of Clients
Logan Circle provides portfolio management services primarily to institutional clients: corporate entities;
pension and profit-sharing plans, including government, ERISA and Taft-Hartley plans; insurance
companies; charitable institutions, foundations and endowments; investment companies including
registered mutual funds and private investment funds; and public and government entities. For account
size minimums, please refer to Item 5.