Strategies

High Yield

Strategy Description

The High Yield strategy seeks to invest in undervalued debt securities of companies with attractive cash flow, strong asset coverage and financial flexibility to de-lever over time. We combine our research team’s expertise in small/mid-caps and fallen angels with a bias toward senior securities as we seek to maximize risk-adjusted returns.

Strategy Facts

As of 09/30/2025
Asset ClassHigh Yield
VehiclesSeparate Account | Commingled | Mutual Fund
Style BenchmarkICE BofA BB-B US High Yield Constrained
Strategy Assets (millions)$2,037
Number of Active IssuersTarget 150-175
StatusOpen

Portfolio Managers

Ray Kennedy, CFA

16 Years with H&W 40 Years of Industry Experience

Mark Hudoff

16 Years with H&W 38 Years of Industry Experience

Patrick Meegan

27 Years with H&W 35 Years of Industry Experience

Richard Mak, CFA

12 Years with H&W 24 Years of Industry Experience

Dan McKenzie, CFA

21 Years with H&W 21 Years of Industry Experience

HOTCHKIS & WILEY
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