High Yield Strategy Highlights
Inception Date: 01 October 2007
Focuses primarily on individual security selection and portfolio diversification
Benchmarked against the ICE BofA US High Yield Constrained Index, which imposes a 2% issuer constraint and includes deferred interest bonds and payment-in-kind securities
Invests primarily in US dollar-denominated high yield corporate securities
Has broad flexibility to allocate to other asset classes, including investment grade securities, structured securities, floating rate loans and equity
PPM is an investment-led organization which utilizes a team-based approach to manage the assets of the portfolio. Portfolio managers work closely with asset class specialists, research analysts and traders to generate ideas and to gain greater insight on the market environment as they make investment decisions.