High Yield Corporate Bonds
- Utilizes high yield and investment grade bonds, preferred stocks, and bond ETFs to create an income-producing portfolio that maximizes total return through prudent risk management.
- Portfolios will be constructed to be diversified, using rigorous credit and relative value analysis to find undervalued securities.
- Most portfolios will have a credit long, low turnover bias. However, we will also trade on a shorter term basis to capitalize on situations with specific catalysts (M&A, calls and tenders, rating actions, etc.).
- Objective is to generate total returns that exceed the ICE Bank of America High Yield II Master Index over the long-term with less volatility.
The High Yield Corporate Bond Strategy composite includes institutional and retail portfolios that are primarily invested in high yield corporate bonds and preferred stocks. The strategy aims to reduce volatility by limiting portfolio duration to seven years or less. Credit research and relative value analysis are used to identify securities that have the potential for superior risk-adjusted returns. The benchmark is the ICE Bank of America Merrill Lynch High Yield Master II Index.
The High Yield Corporate Bond Strategy has an inception date of April 30, 2014. The U.S. Dollar is the currency used to express valuations and performance. Results are based on fully discretionary accounts under management. Returns are presented net of an assumed 0.75% annual management fee that is amortized monthly and include the reinvestment of all income. Past performance is not indicative of future results.
The specific manner in which investment advisory fees are charged by Granite Springs Asset Management, LLC is established in each client’s respective Investment Advisory Contract (IAC). Actual investment advisory fees incurred by clients may vary. Investment advisory fees are negotiable. Additional information on Granite Springs Asset Management, LLC's investment advisory fees can be found on its Form ADV, Part 2A.