High Yield Fixed Income
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.
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.
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.
- 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