INVESTMENT OBJECTIVE
The fund’s core US high yield strategy seeks strong, risk-adjusted results by investing in transformational balance sheet opportunities. Driven by a fundamentally based investment process, this dynamic risk-aware, approach seeks to temper the downside risks associated with the US high yield asset class over a full market cycle.
The Fund’s primary investment objective is to obtain high current income. Capital appreciation is a secondary objective when consistent with the primary objective.
The Fund pursues its objectives by investing primarily in debt securities or preferred stock rated below investment grade or unrated debt securities of similar quality of US issuers provided that at least 51% of its net asset value are invested in debt securities. The overall quality of the securities in this portfolio may vary greatly. No more than 10%of the net asset value of the Fund may be invested in securities traded on any one developing market and the aggregate amount of the Fund which may be invested in securities traded on the developing markets is 20% of the net asset value of the Fund.
The Fund’s primary investment objective is to obtain high current income. Capital appreciation is a secondary objective when consistent with the primary objective.
The Fund invests at least 80% of its net asset value in debt securities or preference shares rated below investment grade or unrated debt securities of similar quality of US issuers provided that at least 51% of its net asset value are invested in debt securities.
The aggregate amount of the Fund which may be invested in securities traded on the developing markets is 10% of the net asset value of the Fund.
ABOUT THIS FUND
- High Conviction: We believe a high-conviction approach is essential to unlocking competitive excess returns and monitoring high-yield risk for our clients. We are focused on taking the appropriate amount of risk throughout the credit cycle by actively managing market exposure and portfolio composition.
- Research Driven: Our analysts cover issuers across the credit-quality spectrum and capital structure, enabling a complete picture of fundamental credit risk. Analysts function as sector experts and risk managers alongside portfolio managers to identify potential outperformers.
- Global Resources: This U.S. strategy benefits from our team of global credit experts. Instead of separate teams, we operate as one team globally looking at companies.
High yield in a low yield world
In a yield-starved world, investors are seeking returns that can potentially give a lift to their fixed income portfolios.Â
