The High Yield strategy seeks to generate high current income with the opportunity for capital appreciation by investing in primarily below- investment grade corporate bonds. The investment team focuses on evaluating the underlying business fundamentals and credit risk of high yield securities. Securities are purchased when the yield and total return potential are attractive relative to asset and interest coverage and relative to other securities with comparable risk. With a long-term investment temperament, the team is prepared to hold securities to maturity or until they are called. The strategy is managed by a long tenured team focused on fundamental credit analysis with the ability to leverage global macroeconomic insights and research as appropriate.