High Yieldas of September 30, 2018 Print

The High Yield strategy seeks to outperform the benchmark while maintaining a similar level of volatility by investing primarily in U.S. corporate fixed income securities rated below investment grade. We believe that the global high yield market offers premium return potential that can be identified through credit research. Our deep credit research staff analyzes credits inside the high yield credit universe as well as other situations that may be attractive on a risk return basis that are not in the universe.

We are a pure high yield manager and seek to generate the preponderance of our returns from high yield bonds and not other securities, such as convertible bonds or equities.

Assets Under Management:
$1,116 million
Portfolio Leadership Team:

Timothy L. Rabe, CFA
Brian D. Funk, CFAVIEW FULL TEAM
Benchmark:
ICE BofAML U.S. High Yield Master II Constrained Index
Inception Date:
October 1, 2000
Download Fact Sheet
Available Vehicles:

Separately Managed Accounts

  SECTOR WEIGHTS (Range)
Target
Alpha1		 Target
Tracking Error
150–250  basis points 200
basis points

CCC (or below)
High Yield Bonds		 Emerging Markets
Convertibles and Preferreds
Cash

0%–30%
85%–100%
0%–10%
0%–5%
0%–10%

1 Target Alpha is an investment objective and not a promise of future results or performance. It is calculated gross of fees over a 3 to 5 year time horizon. There can be no assurance that a portfolio will achieve its target alpha.

Investors should carefully consider their investment objectives, risks, fees, charges and expenses before investing any money. To obtain this and other information, please email asklogan@lcpim.com to request more information. Please review the Terms of Use of this site for additional details.