Solutions Defined by Your Objectives
We partner with our clients to address their specific investment objectives and define the role of fixed income in their portfolio.
Liquidity Solutions
Pursue yield and return goals while also managing the cadence of cash flows
Example solutions
Cash management
Ultra-Short Duration
Short-Term Income
Custom Fixed Income
Investment solutions tailored to client-specific needs and objectivesExample solutions
Sector/Issuer/Quality Restrictions
(e.g., Socially Responsible)
Duration/Yield Objectives
(e.g., Liability-Hedging, Insurance)
Broad Market Strategies
Traditional fixed income strategies with benchmark-based objectives for total return
Example solutions
Short Duration 1-3 Year
Government/Credit
Core
Assets Under Management
by Strategy
Core Plus
by Client Type
As of December 31, 2020
Investment Process Continuity
We strive to provide our clients with an investment experience that minimizes undue performance volatility.
Underpinning all investment strategies are four key process elements that work together to balance risk and return objectives.
Opportunistic Sector Allocation
Opportunistic Sector Allocation
Security Selection Integrity
Security Selection Integrity
Dynamic Position Limits Based on Duration
Dynamic Position Limits Based on Duration
Ongoing Quantitative Analysis
Ongoing Quantitative Analysis
Solving For Unique Liquidity Objectives
Our clients have both routine and unpredictable cash flows; we can design a portfolio based on their specific liquidity objectives.
We seek to balance client yield objectives with risk tolerances, while considering operating, reserve, and strategic cash needs.

Operating Cash
- Short-term operating expenses
- Zero tolerance for loss and interest rate risk
- Easy access (same-day settlement)
Reserve Cash
- For intermediate-term obligations & unexpected expenses
- Low risk tolerance, sensitive to realized gains and losses
- Access to majority of cash with timely settlement
Strategic Cash
- Intermediate-term obligations
- Moderate risk tolerance, with emphasis on higher
yielding securities - Access to cash determined by client liquidity needs
Operating Cash
- Short-term operating expenses
- Zero tolerance for loss and interest rate risk
- Easy access (same-day settlement)
Reserve Cash
- For intermediate-term obligations & unexpected expenses
- Low risk tolerance, sensitive to realized gains and losses
- Access to majority of cash with timely settlement
Strategic Cash
- Intermediate-term obligations
- Moderate risk tolerance, with emphasis on higher
yielding securities - Access to cash determined by client liquidity needs
Portfolio Composition Determined by Goals and Risk Tolerance
Portfolio managers, traders, credit analysts, and quantitative analysts collaborate to construct clients’ portfolios within a strategic framework.
Opportunistic sector allocation is a key focus of our process.
Capital Preservation
Example investments
U.S. Treasury/Agency
Asset-Backend Securities
A-1/P-1 Commercial Paper
Liquidity
Example investments
U.S. Treasure/Agency
A-1/P-1 Commercial Paper
High-quality Credit
Yield Seeking
Example investments
BBB Credit
Floating-rate Notes
A-2/P-2 Commercial Paper
Select a strategy
Enhanced Cash
Strategy Description
The Enhanced Cash strategy seeks liquidity, capital preservation, and current income.
The strategy typically invests in obligations issued or guaranteed by the U.S. government or its agencies, cash equivalents, and/or short-term corporate obligations.
Assets Under Management
$13,412M
Inception
12/31/2002
Benchmark
ICE BofAML US 3-Month Treasury Bill Index
Investment Team

Industry Experience: 24 years
Education: BA, Alma College; MA, Western Michigan University
Keith is a portfolio manager for liquidity solutions and cash management strategies. He also has significant experience in credit research and custom portfolio management. Prior to joining the firm in 1998, Keith was a credit analyst with First of America Bank. Keith earned a Bachelor of Arts degree from Alma College and a Master of Arts degree from Western Michigan University.

Industry Experience: 22 years
Education: BS, Salisbury University; MBA, Loyola University Maryland
Kelley is a portfolio manager for the firm's cash management and short-term income strategies. Prior to joining the firm in 2000, she was a portfolio service associate with Legg Mason Wood Walker, Inc. Kelley earned a Bachelor of Science degree in finance and economics from Salisbury University and an MBA in finance from Loyola University Maryland. She is a CFA® charterholder.

Industry Experience: 26 years
Education: BBA, James Madison University
Sean is managing director and chief investment officer of PNC Capital Advisors. Drawing on his extensive experience in fixed income research and portfolio management, he leads the team's overall investment strategy and process and directs the implementation of these ideas across the firm's investment solutions. Prior to joining the firm in 2004, Sean spent six years at Freddie Mac in credit research and four years as a bank credit analyst at the rating agency LACE Financial Corporation (now Kroll Bond Rating Agency). Sean graduated cum laude from James Madison University with a Bachelor of Business Administration degree. He is a CFA® charterholder and serves on the Baltimore CFA Society's Board of Directors.

Industry Experience: 25 years
Education: BA, Baldwin-Wallace College; MBA, Baldwin-Wallace College
Rick is lead portfolio manager for the firm's liquidity solutions and cash management strategies. Prior to joining the firm in 2002, he was with Productive Portfolios, Inc. where he focused on short duration/liquidity portfolio management for Ohio public sector clients. Additionally, he has experience as a corporate lending representative with Fifth Third Bank in Cleveland. Rick joined the firm in 2002 and holds both a Bachelor of Arts degree and an MBA from Baldwin-Wallace College.
Short Term Income
Strategy Description
The Short Term Income strategy seeks capital preservation, liquidity, and income in excess of money market funds.
The strategy typically invests in commercial paper, floating-rate and fixed-rate short-term corporate bonds, as well as AAA-rated asset-backed securities.
Assets Under Management
$597M
Inception
03/31/2014
Benchmark
ICE BofAML 3-6 Mo U.S. Treasury Bill Index
Investment Team

Industry Experience: 24 years
Education: BA, Alma College; MA, Western Michigan University
Keith is a portfolio manager for liquidity solutions and cash management strategies. He also has significant experience in credit research and custom portfolio management. Prior to joining the firm in 1998, Keith was a credit analyst with First of America Bank. Keith earned a Bachelor of Arts degree from Alma College and a Master of Arts degree from Western Michigan University.

Industry Experience: 22 years
Education: BS, Salisbury University; MBA, Loyola University Maryland
Kelley is a portfolio manager for the firm's cash management and short-term income strategies. Prior to joining the firm in 2000, she was a portfolio service associate with Legg Mason Wood Walker, Inc. Kelley earned a Bachelor of Science degree in finance and economics from Salisbury University and an MBA in finance from Loyola University Maryland. She is a CFA® charterholder.

Industry Experience: 26 years
Education: BBA, James Madison University
Sean is managing director and chief investment officer of PNC Capital Advisors. Drawing on his extensive experience in fixed income research and portfolio management, he leads the team's overall investment strategy and process and directs the implementation of these ideas across the firm's investment solutions. Prior to joining the firm in 2004, Sean spent six years at Freddie Mac in credit research and four years as a bank credit analyst at the rating agency LACE Financial Corporation (now Kroll Bond Rating Agency). Sean graduated cum laude from James Madison University with a Bachelor of Business Administration degree. He is a CFA® charterholder and serves on the Baltimore CFA Society's Board of Directors.

Industry Experience: 25 years
Education: BA, Baldwin-Wallace College; MBA, Baldwin-Wallace College
Rick is lead portfolio manager for the firm's liquidity solutions and cash management strategies. Prior to joining the firm in 2002, he was with Productive Portfolios, Inc. where he focused on short duration/liquidity portfolio management for Ohio public sector clients. Additionally, he has experience as a corporate lending representative with Fifth Third Bank in Cleveland. Rick joined the firm in 2002 and holds both a Bachelor of Arts degree and an MBA from Baldwin-Wallace College.
Ultra Short
Strategy Description
The Ultra Short Duration strategy seeks income stability, capital preservation, and liquidity, with a goal of delivering superior risk-adjusted returns versus the benchmark.
The strategy typically invests in investment-grade corporate bonds, commercial paper, AAA-rated asset-backed securities, and U.S. Treasury bonds.
Assets Under Management
$548M
Inception
12/31/2002
Benchmark
ICE BofAML 1-Year U.S. Treasury Index
Investment Team

Industry Experience: 25 years
Education: BS, State University of New York at Geneseo; MBA, University of Rochester
Mark is lead portfolio manager for short duration strategies and is also the head of structured product research. Prior to joining the firm in 2002, he was with National City Corporation's Equity Sponsor Group, involved with senior debt lending for equity buyouts. Mark earned a Bachelor of Science degree from the State University of New York at Geneseo and an MBA from the University of Rochester. He is a CFA® charterholder.

Industry Experience: 23 years
Education: BS, Miami University (Ohio); MBA, Case Western Reserve University
Rich leads the team's high yield strategy efforts across the firm's investment solutions, partnering with other portfolio managers and analysts to implement high yield securities in their portfolios. He also serves as co-portfolio manager for short-duration strategies and as a credit analyst specializing in oil & gas pipelines. He joined the firm in 2004 after seven years as a financial analyst with National City Corporation's Institutional Asset Management division. Rich earned a Bachelor of Science degree from Miami University (Ohio) and an MBA from Case Western Reserve University. He is a CFA® charterholder.

Industry Experience: 26 years
Education: BBA, James Madison University
Sean is managing director and chief investment officer of PNC Capital Advisors. Drawing on his extensive experience in fixed income research and portfolio management, he leads the team's overall investment strategy and process and directs the implementation of these ideas across the firm's investment solutions. Prior to joining the firm in 2004, Sean spent six years at Freddie Mac in credit research and four years as a bank credit analyst at the rating agency LACE Financial Corporation (now Kroll Bond Rating Agency). Sean graduated cum laude from James Madison University with a Bachelor of Business Administration degree. He is a CFA® charterholder and serves on the Baltimore CFA Society's Board of Directors.
Composite Investment Results
Enhanced Cash Composite Gross of Fees Return (%) | |
---|---|
QTD | 0.04 |
YTD | 0.86 |
1 Year | 0.86 |
3 Year* | 1.75 |
5 Year* | 1.37 |
Since Inception* | 1.09 |
Enhanced Cash Composite Net of Fees Return (%) | |
---|---|
QTD | 0.01 |
YTD | 0.71 |
1 Year | 0.71 |
3 Year* | 1.60 |
5 Year* | 1.22 |
Since Inception* | 0.94 |
ICE BofAML US 3 Mo Treasury Bill Index Benchmark Return (%) | |
---|---|
QTD | 0.03 |
YTD | 0.67 |
1 Year | 0.67 |
3 Year* | 1.60 |
5 Year* | 1.20 |
Since Inception* | 0.93 |
Enhanced Cash Composite Gross of Fees Return (%) | |
---|---|
2020 | 0.86 |
2019 | 2.42 |
2018 | 1.98 |
2017 | 1.02 |
2016 | 0.57 |
2015 | 0.19 |
2014 | 0.06 |
Enhanced Cash Composite Net of Fees Return (%) | |
---|---|
2020 | 0.71 |
2019 | 2.27 |
2018 | 1.83 |
2017 | 0.87 |
2016 | 0.42 |
2015 | 0.05 |
2014* | -0.01 |
IICE BofAML US 3 Mo Treasury Bill Index Benchmark Return (%) | |
---|---|
2020 | 0.67 |
2019 | 2.28 |
2018 | 1.87 |
2017 | 0.86 |
2016 | 0.33 |
2015 | 0.05 |
2014 | 0.03 |
Composite Investment Results
Short Term Income Gross of Fees Return (%) | |
---|---|
QTD | 0.11 |
YTD | 1.42 |
1 Year | 1.42 |
3 Year* | 2.15 |
5 Year* | 1.78 |
Since Inception* | 1.43 |
Short Term Income Net of Fees Return (%) | |
---|---|
QTD | 0.07 |
YTD | 1.27 |
1 Year | 1.27 |
3 Year* | 2.00 |
5 Year* | 1.63 |
Since Inception* | 1.28 |
ICE BofAML 3-6 Mo US Treasury Bill Index Benchmark Return (%) | |
---|---|
QTD | 0.03 |
YTD | 0.87 |
1 Year | 0.87 |
3 Year* | 1.74 |
5 Year* | 1.31 |
Since Inception* | 0.99 |
*These are annualized numbers
Short Term Income Gross of Fees Return (%) | |
---|---|
2020 | 1.42 |
2019 | 2.90 |
2018 | 2.13 |
2017 | 1.38 |
2016 | 1.09 |
2015 | 0.51 |
2014 | 0.26 |
Short Term Income Net of Fees Return (%) | |
---|---|
2020 | 1.27 |
2019 | 2.75 |
2018 | 1.98 |
2017 | 1.23 |
2016 | 0.94 |
2015 | 0.36 |
2014* | 0.15 |
ICE BofAML 3-6 Mo US Treasury Bill Index Benchmark Return (%) | |
---|---|
2020 | 0.87 |
2019 | 2.44 |
2018 | 1.93 |
2017 | 0.85 |
2016 | 0.46 |
2015 | 0.12 |
2014 | 0.08 |
*Represents return from 6/30/14 (data of inception) through 12/31/14.
Composite Investment Results
Ultra Short Duration Fixed Income Gross of Fees Return (%) | |
---|---|
QTD | 0.17 |
YTD | 2.40 |
1 Year | 2.40 |
3 Year* | 2.59 |
5 Year* | 2.01 |
Since Inception* | 2.16 |
Ultra Short Duration Fixed Income Net of Fees Return (%) | |
---|---|
QTD | 0.12 |
YTD | 2.20 |
1 Year | 2.20 |
3 Year* | 2.39 |
5 Year* | 1.81 |
Since Inception* | 1.95 |
ICE BofAML 1 Yr US Treasury Index Benchmark Return (%) | |
---|---|
QTD | 0.05 |
YTD | 1.82 |
1 Year | 1.82 |
3 Year* | 2.20 |
5 Year* | 1.58 |
Since Inception* | 1.69 |
*These are annualized numbers
Ultra Short Duration Fixed Income Gross of Fees Return (%) | |
---|---|
2020 | 2.40 |
2019 | 3.42 |
2018 | 1.96 |
2017 | 1.15 |
2016 | 1.14 |
2015 | 0.50 |
2014* | 0.38 |
Ultra Short Duration Fixed Income Net of Fees Return (%) | |
---|---|
2020 | 2.20 |
2019 | 3.21 |
2018 | 1.76 |
2017 | 0.94 |
2016 | 0.93 |
2015 | 0.30 |
2014* | 0.18 |
ICE BofAML 1 Yr US Treasury Index Benchmark Return (%) | |
---|---|
2020 | 1.82 |
2019 | 2.93 |
2018 | 1.86 |
2017 | 0.57 |
2016 | 0.76 |
2015 | 0.15 |
2014* | 0.18 |
*Represents return from 6/30/14 (data of inception) through 12/31/14.
Custom Solutions
We collaborate to address a range of needs, from investment portfolio objectives to more
complex, specialized solutions.
Specialized
Solutions
Investment
Portfolio Solutions
Solve for corporate and institutional business challenges
Tailor exposures to align with risk tolerances
Target certain portfolio characteristics
Specialized
Solutions
Solve for corporate and institutional business challenges
Investment
Portfolio Solutions
Tailor exposures to align with risk tolerances
Target certain portfolio characteristics
Customization Examples
Sector / Issuer / Quality
Sector / Issuer / Quality
(e.g. Responsible Investing)
Tax-Managed
Tax-Managed
Liability-Hedging
Liability-Hedging
Insurance Asset Pools
Insurance Asset Pools
Distributions
Distributions
Maturity / Duration
Maturity / Duration
Team

Industry Experience: 36 years
Education: BS, Trine University; MBA, Xavier University
Cindy is lead portfolio manager for custom insurance and liability-hedging strategies. She has extensive investment experience, including positions in insurance company portfolio management, research, and portfolio strategy. Prior to joining the firm in 1999, she was senior vice president and portfolio manager for Ohio Casualty Group (now owned by Liberty Mutual). Cindy earned a Bachelor of Science degree from Trine University and an MBA from Xavier University. Additionally, she holds the Fellow, Life Management Institute (FMLI) and the Associate, Customer Service (ACS) designations.

Industry Experience: 22 years
Education: BS, Cleveland State University; MBA, John Carroll University
Mel is a portfolio manager responsible for custom insurance and liability-hedging strategies. He also has extensive investment experience in fixed income security analysis, particularly in the structured products area. Prior to joining the firm in 2001, Mel served as a derivative securities analyst with National City Corporation, focused on portfolio structure, fixed income analytics, and optimization. Mel earned a Bachelor of Science degree from Cleveland State University and an MBA from John Carroll University.

Industry Experience: 26 years
Education: BBA, James Madison University
Sean is managing director and chief investment officer of PNC Capital Advisors. Drawing on his extensive experience in fixed income research and portfolio management, he leads the team's overall investment strategy and process and directs the implementation of these ideas across the firm's investment solutions. Prior to joining the firm in 2004, Sean spent six years at Freddie Mac in credit research and four years as a bank credit analyst at the rating agency LACE Financial Corporation (now Kroll Bond Rating Agency). Sean graduated cum laude from James Madison University with a Bachelor of Business Administration degree. He is a CFA® charterholder and serves on the Baltimore CFA Society's Board of Directors.

Industry Experience: 9 years
Education: BA, University of Michigan
Nathan is a portfolio analyst responsible for providing credit security analysis and idea generation for custom insurance and liability-hedging strategies. He also supports firm-wide credit research efforts, specializing in diversified manufacturing and energy companies. Nathan joined PNC 2013, serving as a financial advisor with PNC Investments and later as an analyst with the Institutional Asset Management group. Previously, he served as a financial advisor with Morgan Stanley Smith Barney. Nathan earned a Bachelor of Arts degree in economics from the University of Michigan. He is a CFA® charterholder.
Broad Market Portfolios
We offer a suite of strategies with total return objectives oriented toward standard fixed income benchmarks. We apply the same key principles and investment process across all strategies.
3
Strategies
$1B
Assets Under Management
2
Strategies
$1.8B
Assets Under Management
3
Strategies
$3.9B
Assets Under Management
As of December 31, 2020
Investment Process
Our portfolio strategy follows a team-oriented, disciplined, top-down investment process.
Assess economic environment
Develop market thesis
Evaluate sector and subsector outlook
Contemplate relative value opportunities
Perform fundamental and structural analysis
Consider risk-reward profile
Quantify appropriate risk attributes
Select securities consistent with macro outlook
Verify portfolio strategic intent
Select a strategy
Short Term Income
Strategy Description
The Short Term Income strategy seeks capital preservation, liquidity, and income in excess of money market funds.
The strategy typically invests in commercial paper, floating-rate and fixed-rate short-term corporate bonds, as well as AAA-rated asset-backed securities.
Assets Under Management
$597M
Inception
03/31/2014
Benchmark
ICE BofAML 3-6 Mo U.S. Treasury Bill Index
Investment Team

Industry Experience: 24 years
Education: BA, Alma College; MA, Western Michigan University
Keith is a portfolio manager for liquidity solutions and cash management strategies. He also has significant experience in credit research and custom portfolio management. Prior to joining the firm in 1998, Keith was a credit analyst with First of America Bank. Keith earned a Bachelor of Arts degree from Alma College and a Master of Arts degree from Western Michigan University.

Industry Experience: 22 years
Education: BS, Salisbury University; MBA, Loyola University Maryland
Kelley is a portfolio manager for the firm's cash management and short-term income strategies. Prior to joining the firm in 2000, she was a portfolio service associate with Legg Mason Wood Walker, Inc. Kelley earned a Bachelor of Science degree in finance and economics from Salisbury University and an MBA in finance from Loyola University Maryland. She is a CFA® charterholder.

Industry Experience: 26 years
Education: BBA, James Madison University
Sean is managing director and chief investment officer of PNC Capital Advisors. Drawing on his extensive experience in fixed income research and portfolio management, he leads the team's overall investment strategy and process and directs the implementation of these ideas across the firm's investment solutions. Prior to joining the firm in 2004, Sean spent six years at Freddie Mac in credit research and four years as a bank credit analyst at the rating agency LACE Financial Corporation (now Kroll Bond Rating Agency). Sean graduated cum laude from James Madison University with a Bachelor of Business Administration degree. He is a CFA® charterholder and serves on the Baltimore CFA Society's Board of Directors.

Industry Experience: 25 years
Education: BA, Baldwin-Wallace College; MBA, Baldwin-Wallace College
Rick is lead portfolio manager for the firm's liquidity solutions and cash management strategies. Prior to joining the firm in 2002, he was with Productive Portfolios, Inc. where he focused on short duration/liquidity portfolio management for Ohio public sector clients. Additionally, he has experience as a corporate lending representative with Fifth Third Bank in Cleveland. Rick joined the firm in 2002 and holds both a Bachelor of Arts degree and an MBA from Baldwin-Wallace College.
Ultra Short
Strategy Description
The Ultra Short Duration strategy seeks income stability, capital preservation, and liquidity, with a goal of delivering superior risk-adjusted returns versus the benchmark.
The strategy typically invests in investment-grade corporate bonds, commercial paper, AAA-rated asset-backed securities, and U.S. Treasury bonds.
Assets Under Management
$548M
Inception
12/31/2002
Benchmark
ICE BofAML 1-Year U.S. Treasury Index
Investment Team

Industry Experience: 25 years
Education: BS, State University of New York at Geneseo; MBA, University of Rochester
Mark is lead portfolio manager for short duration strategies and is also the head of structured product research. Prior to joining the firm in 2002, he was with National City Corporation's Equity Sponsor Group, involved with senior debt lending for equity buyouts. Mark earned a Bachelor of Science degree from the State University of New York at Geneseo and an MBA from the University of Rochester. He is a CFA® charterholder.

Industry Experience: 23 years
Education: BS, Miami University (Ohio); MBA, Case Western Reserve University
Rich leads the team's high yield strategy efforts across the firm's investment solutions, partnering with other portfolio managers and analysts to implement high yield securities in their portfolios. He also serves as co-portfolio manager for short-duration strategies and as a credit analyst specializing in oil & gas pipelines. He joined the firm in 2004 after seven years as a financial analyst with National City Corporation's Institutional Asset Management division. Rich earned a Bachelor of Science degree from Miami University (Ohio) and an MBA from Case Western Reserve University. He is a CFA® charterholder.

Industry Experience: 26 years
Education: BBA, James Madison University
Sean is managing director and chief investment officer of PNC Capital Advisors. Drawing on his extensive experience in fixed income research and portfolio management, he leads the team's overall investment strategy and process and directs the implementation of these ideas across the firm's investment solutions. Prior to joining the firm in 2004, Sean spent six years at Freddie Mac in credit research and four years as a bank credit analyst at the rating agency LACE Financial Corporation (now Kroll Bond Rating Agency). Sean graduated cum laude from James Madison University with a Bachelor of Business Administration degree. He is a CFA® charterholder and serves on the Baltimore CFA Society's Board of Directors.
Short Duration 1-3 Year
Strategy Description
The Short Duration 1-3 Year strategy seeks income stability, capital preservation, and liquidity, with a goal of delivering competitive risk-adjusted returns versus the benchmark.
The strategy typically invests in investment-grade corporate bonds, mortgage-backed securities, AAA-rated asset-backed securities, and U.S. Treasury bonds.
Assets Under Management
$2,283M
Inception
12/31/1994
Benchmark
ICE BofAML 1-3 Yr US Corp & Govt Index
Investment Team

Industry Experience: 25 years
Education: BS, State University of New York at Geneseo; MBA, University of Rochester
Mark is lead portfolio manager for short duration strategies and is also the head of structured product research. Prior to joining the firm in 2002, he was with National City Corporation's Equity Sponsor Group, involved with senior debt lending for equity buyouts. Mark earned a Bachelor of Science degree from the State University of New York at Geneseo and an MBA from the University of Rochester. He is a CFA® charterholder.

Industry Experience: 23 years
Education: BS, Miami University (Ohio); MBA, Case Western Reserve University
Rich leads the team's high yield strategy efforts across the firm's investment solutions, partnering with other portfolio managers and analysts to implement high yield securities in their portfolios. He also serves as co-portfolio manager for short-duration strategies and as a credit analyst specializing in oil & gas pipelines. He joined the firm in 2004 after seven years as a financial analyst with National City Corporation's Institutional Asset Management division. Rich earned a Bachelor of Science degree from Miami University (Ohio) and an MBA from Case Western Reserve University. He is a CFA® charterholder.

Industry Experience: 26 years
Education: BBA, James Madison University
Sean is managing director and chief investment officer of PNC Capital Advisors. Drawing on his extensive experience in fixed income research and portfolio management, he leads the team's overall investment strategy and process and directs the implementation of these ideas across the firm's investment solutions. Prior to joining the firm in 2004, Sean spent six years at Freddie Mac in credit research and four years as a bank credit analyst at the rating agency LACE Financial Corporation (now Kroll Bond Rating Agency). Sean graduated cum laude from James Madison University with a Bachelor of Business Administration degree. He is a CFA® charterholder and serves on the Baltimore CFA Society's Board of Directors.
Short Duration 1-5 Year
Strategy Description
The Short Duration 1- 5 Year strategy seeks income stability, capital preservation, and liquidity, with a goal of delivering competitive risk adjusted returns versus the benchmark.
The strategy typically invests in investment grade corporate bonds, mortgage-backed securities, AAA-rated asset-backed securities, and U.S. Treasury bonds.
Assets Under Management
$1,066M
Inception
12/31/1994
Benchmark
ICE BofAML 1-5 Yr US Corp & Govt Index
Investment Team

Assistant Portfolio Manager
Industry Experience: 17 years
Education: BSBA, University of Pittsburgh; MBA, Washington University in St. Louis
Kelly is a senior risk analyst, responsible for verifying and monitoring the key risk attributes of the firm's investment strategies. He also serves as a structured product analyst and assistant portfolio manager for custom short duration strategies. He joined the firm in 2010 following his role as an analyst with PNC's distressed consumer-mortgage portfolios. His prior industry experience includes roles as a portfolio assistant at Brown Brothers Harriman and a research analyst at Interactive Data Corp. Kelly earned a Bachelor of Science in Business Administration degree from the University of Pittsburgh and an MBA from Washington University in St. Louis. He is a CFA® charterholder.

Industry Experience: 19 years
Education: BS, University of Delaware; MBA, Loyola University Maryland
As a client portfolio manager, Jeff acts as a liaison between the portfolio management teams and clients, relationship managers, and business development officers. Additionally, he participates in the development and communication of client and marketing content. Jeff is also lead portfolio manager for custom short duration strategies. Prior to joining the firm in 2016, Jeff served as a fixed income portfolio manager with Wilmington Trust Investment Advisors. Jeff earned a Bachelor of Science degree in accounting from the University of Delaware and an MBA from Loyola University Maryland. He is a CFA® charterholder.

Industry Experience: 26 years
Education: BBA, James Madison University
Sean is managing director and chief investment officer of PNC Capital Advisors. Drawing on his extensive experience in fixed income research and portfolio management, he leads the team's overall investment strategy and process and directs the implementation of these ideas across the firm's investment solutions. Prior to joining the firm in 2004, Sean spent six years at Freddie Mac in credit research and four years as a bank credit analyst at the rating agency LACE Financial Corporation (now Kroll Bond Rating Agency). Sean graduated cum laude from James Madison University with a Bachelor of Business Administration degree. He is a CFA® charterholder and serves on the Baltimore CFA Society's Board of Directors.
Intermediate Government/Credit
Strategy Description
The Intermediate Government/Credit strategy seeks to provide stable income and deliver competitive risk-adjusted returns versus the benchmark.
The strategy typically invests in investment-grade corporate bonds, mortgage-backed securities, AAA-rated asset-backed securities, and U.S. Treasury bonds.