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Corporate Credit

Corporate Credit

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Team Introduction

Global Fixed Income Introduction Video

Key Stats

Strategy Profile
Inception Date
October 1, 2002
Strategy AUM ($M)
$1,811.7
Avg. Quality1
BB-
Avg. Yield To Worst (%)
5.75

Strategy Overview

The Corporate Credit strategy seeks to generate an attractive cash distribution in excess of the current rate of inflation and an attractive total return, while minimizing the risk of a permanent loss of capital, by investing in both investment grade and below-investment grade corporate bonds, with a bias to defensive high yield corporate bonds (due to lower duration and/or higher credit quality). The investment team focuses on evaluating the underlying business fundamentals and credit risk of corporate 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.