Strategies

High Yield

Summary

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 12/31/2022
Asset ClassHigh Yield
VehiclesSeparate Account | Commingled | Mutual Fund
Style BenchmarkICE BofA BB-B US High Yield Constrained
Strategy Assets (millions)$1,796
Number of Active IssuersTarget 150-175
StatusOpen

Portfolio Managers

Ray Kennedy, CFA
14 Years with H&W 37 Years of Industry Experience
Mark Hudoff
13 Years with H&W 36 Years of Industry Experience
Patrick Meegan, CPA
24 Years with H&W 32 Years of Industry Experience
Richard Mak, CFA
9 Years with H&W 22 Years of Industry Experience

Index definitions

Glossary of financial terms

More Insights

January 2023 Q4 2022 High Yield Market Update Go to Podcast December 2022 How Does High Yield Perform in a Recession? Go to Outlook September 2022 High Yield Credit – The Fog of War Go to Outlook