High Yield Fixed Income

Philosophy

The High Yield strategy invests in higher-quality segments of the high yield fixed income market. We believe this offers the best alignment of risk and return, which provides the most favorable opportunity to outperform over a full market cycle while maximizing risk-adjusted returns.

Process

Our process narrows the universe of available securities into a group of credits with attractive risk-return relationships and de-emphasize sectors with unfavorable risk-return relationships. Credit selection is led by our seasoned portfolio manager and our specialized team of credit research analysts. The High Yield strategy's larger positions are generally composed of well-capitalized companies with proven business models and relatively strong credit ratings.

Objective

With a portfolio of higher-quality credits, the High Yield strategy seeks to outperform over a full market cycle by protecting principal in phases of market decline while providing a stable base of income across all periods. The team's goal is to reduce volatility by investing in credits with relatively lower default risks.

Sales & Consultant Relations

High Yield Commentary 

Strategy Snapshot

  • 20+ year track record
  • Lead portfolio manager in place since inception
  • Invests in higher quality, less volatile segments of the market 
  • Does not purchase securities rated CCC or below  
  • Utilizes specialized team of credit research analysts

Read Nick Sargen's current investment thoughts at his BLOG NickSargen.com

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