Down
CONTACT US
GENERAL INQUIRIES
EMPLOYMENT OPPORTUNITIES
MEDIA INQUIRIES
LOCATIONS & DIRECTIONS
Lock  CLIENT LOGIN
Reveal Social Media Links
Reveal Search Box
HomeArrow
Investment StrategiesArrow
Asset Class
Investment Approach
Asset ClassArrow
Fixed Income
Equity
Fixed IncomeArrow
Global Fixed Income
Credit
U.S. Fixed Income
Emerging Markets Debt
Alternative Fixed Income
CreditArrow
Global Defensive High Yield

Global Defensive High Yield

Snapshot
Philosophy
People
Performance
Characteristics
Research
Videos
News
Investment Options

Team Introduction

Global Fixed Income Introduction Video

Key Stats

Strategy Profile
Inception Date
January 1, 2014
Strategy AUM ($M)
$ 8.2
Avg. Quality1
BB-
Avg. Yield To Worst (%)
8.78

Strategy Overview

The Global Defensive High Yield strategy combines top-down macroeconomic, country, and currency perspectives with quantitative screens and bottom-up fundamental analysis to determine where the most attractive opportunities exist in global high yield debt. The strategy focuses on higher-quality high yield investments, typically rated BB/B, providing the potential for attractive returns while attempting to avoid the volatility, liquidity, and default risks associated with low-quality, high-risk alternatives. The team’s comprehensive investment process determines sector allocation and issue selection, as well as seeks to more appropriately add alpha over the long run and minimize downside surprises.