Inception Date:
Investment Philosophy
The objective of the Double-B High Yield strategy is to preserve capital while generating high levels of current income. The strategy has generated long-term alpha over the broad ICE BAML High Yield Index and more defensive ICE BAML BB Rated Index with durability through down markets.
Differentiated profile characteristics of the Double-B High Yield strategy:
- Focus on Double-B credit quality rated bonds that are typically senior in a company’s capital structure
- Downside sell discipline with detailed covenant review, including change of control
- Identify relative value opportunities and upgrade candidates