Index: src/main/java/org/jboss/ejb3/proxy/impl/objectfactory/ProxyObjectFactory.java
===================================================================
--- src/main/java/org/jboss/ejb3/proxy/impl/objectfactory/ProxyObjectFactory.java	(revision 109548)
+++ src/main/java/org/jboss/ejb3/proxy/impl/objectfactory/ProxyObjectFactory.java	(working copy)
@@ -508,7 +508,9 @@
 
          // Place an entry for the contents at index "type"
          referenceAddresses.get(type).add(content);
-         log.trace("Found reference type \"" + type + "\" with content \"" + content + "\"");
+         if(log.isTraceEnabled()) {
+        	 log.trace("Found reference type \"" + type + "\" with content \"" + content + "\"");
+         }
 
          // Increase the internal counter
          count++;