Strategies

High Yield Bond
The investment objective of the High Yield Bond strategy is to outperform the total return of the Citi BB/B Excluding B/CCC Splits Index over multi-year time horizons at a lower overall risk level.  The investment team implements a disciplined investment approach that integrates global top-down research with fundamental security analysis. Investment portfolios are diversified by industry and issuer, focused on non-distressed BB-rated and B-rated bonds that we believe possess more advantageous risk/reward profiles.

Short Duration High Yield Bond
The investment objective of the Short Duration High Yield Bond strategy is to outperform the total return of the ICE BofAML 1-3 Year BB-B U.S. Cash Pay Fixed Maturity High Yield Constrained Index over multi-year time horizons, at a lower overall risk level.  The investment team implements a disciplined investment approach that integrates global top-down research with fundamental security analysis.  Investment portfolios are diversified by industry and issuer, and seek to avoid the distressed tiers of the high yield bond market, focused on non-distressed BB-rated and B-rated bonds that we believe possess more advantageous risk/reward profiles.  The strategy invests in bonds with a final maturity of four years or less.

Investment Grade Corporate Bond
The investment objective of the Investment Grade Corporate Bond strategy is to outperform the total return of the Bloomberg Barclays U.S. Corporate Investment Grade Index over multi-year time horizons, at a lower overall risk level.  The investment team implements a disciplined investment approach that integrates global top-down research with fundamental security analysis.  Investment portfolios are diversified by industry and issuer and seek to selectively invest in companies with stable or improving financial profiles and favorable risk/reward profiles.

Strategic Credit
The investment objective of the Strategic Credit strategy is to outperform the total return of its custom benchmark at a lower overall risk level.  The custom benchmark is an equally weighted blend (one-third each) of the Bloomberg Barclays U.S. High Yield Ba/B 2% Issuer Cap Index, the Bloomberg Barclays Intermediate Corporate Index and the Credit Suisse Leveraged Loan Index.  The investment team implements a disciplined investment approach that integrates global top-down research with fundamental security analysis.  The strategy invests in high yield bonds, bank loans and investment grade corporate bonds, with allocation decisions based on the investment team’s views on the global economy, credit fundamentals and relative value.  The structure of the strategy generally provides an attractive yield with less duration than traditional fixed income portfolios, along with the flexibility to position portfolios for various market environments.

ESG/Faith-Based
Each strategy listed above may be tailored to fit client-specific responsible investment guidelines through the implementation of our proprietary ESG (environmental, social and governance) investment process.  We blend elements of negative screening and positive screening with our fundamental analysis, in an effort to identify companies that possess favorable practices for the advancement of ESG factors within their organization.  Our Portfolio Managers have more than twenty years of experience managing portfolios with client-specific social restrictions.  We currently offer High Yield Bond Broad ESG and High Yield Bond Faith-Based strategies.