Performance data quoted represents past performance which is not a guarantee or a reliable indicator of future results.
Gross performance returns are presented before management and all other fees, where applicable, but after trading expenses. Net of fees performance reflects the deduction of the highest applicable management fee that would be charged based on the fee schedule contained within this material, without the benefit of breakpoints. Gross and net performance returns reflect the reinvestment of dividends and are net of all non-reclaimable withholding taxes on dividends, interest income, and capital gains.
Strategy
Investment Approach
- Focus primarily on high yield bonds and floating rate bank loans through a concentrated and flexible approach.
- Independent and proprietary credit research drives bottom-up security selection process into a high conviction portfolio.
- Holistic fundamental research is made possible by close collaboration between fixed income and equity analyst to provide a complete capital structure perspective.
- Opportunistically invest in select special credit situations with acute emphasis on downside protection and risk-adjusted returns.
- Strict risk management practices with individual exposures based on conviction levels, available opportunities and upside/downside scenarios.
- Full integration of Environmental, Social, and Governance (ESG) factors in the investment process to seek to enhance investment decisions.
Risks
Typical Investor
An aggressive long-term, risk-tolerant investor seeking a high level of current income and some appreciation potential, and who is willing to accept the portfolio's higher risk characteristics. The portfolio should not represent a significant portion of your assets. Appropriate for both regular and tax-deferred accounts, such as IRAs and Keoghs.