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 09/30/2021
Asset ClassHigh Yield
VehiclesSeparate Account | Commingled | Mutual Fund
Style BenchmarkICE BofA BB-B US High Yield Constrained
Strategy Assets (millions)$2,335
Number of Active IssuersTarget 100-125
StatusOpen

Portfolio Managers

Ray Kennedy, CFA
12 Years with H&W 36 Years of Industry Experience
Mark Hudoff
11 Years with H&W 34 Years of Industry Experience
Patrick Meegan, CPA
23 Years with H&W 31 Years of Industry Experience
Richard Mak, CFA
8 Years with H&W 20 Years of Industry Experience

Index definitions

Glossary of financial terms

More Insights

October 2021 Q3 2021 High Yield Market Update Go to Podcast September 2021 High Yield Update – When The Technical Becomes Fundamental Go to Newsletter June 2021 High Yield Portfolio Manager Ray Kennedy Featured on “Money Life with Chuck Jaffe” Go to Podcast