Agincourt Capital Management, LLC

Agincourt Capital Management, LLC is an SEC Registered Investment Adviser founded in 1999 by the fixed income investment team of Sovran Capital Management. The firm specializes in managing over $9 billion in institutional fixed income assets, offering customized fixed income investment advisory services to various entities. Agincourt's investment strategies focus on total return fixed income portfolios, utilizing sector management, security selection, and yield curve/duration management. The firm operates on a fee-only basis, charging fees based on a percentage of assets under management or net outperformance of a benchmark. Clients have a minimum account size of $5 million, with discretionary authority granted to Agincourt for trading. The firm acts as a sub-adviser for fixed income mutual funds and does not engage in soft dollar arrangements. Agincourt places a strong emphasis on best execution, order aggregation, and periodic account reviews by the Investment Team. Clients receive regular performance reports and have custody of their assets held at qualified custodians. Agincourt does not vote proxies on client securities and maintains a strong financial condition with no impairments to meeting contractual commitments. The firm's Code of Ethics ensures compliance with federal securities laws, including guidelines on personal trading, outside business activities, and reporting securities violations. Agincourt does not accept referral fees and has no sources of income other than interest income from short-term investments.