Investment Grade CMBS

Investment Grade CMBS Strategy Overview

OBJECTIVE

Seeks to consistently outperform the Bloomberg Non-Agency Investment Grade CMBS Index while maintaining a comparable level of risk

BENCHMARK

Bloomberg Non-Agency Investment Grade CMBS Index

STRATEGY INCEPTION

April 1, 2004

Highlights

  • Invests primarily in non-agency, investment grade commercial mortgage-backed securities (CMBS)
  • Focuses primarily on security selection
  • Typically invests in investment grade securities at the time of purchase (BBB- and above); however, the strategy may hold securities downgraded below investment grade
Download the Fact Sheet

Portfolio Managers

EXPERIENCED TEAM

Clients benefit from a seasoned portfolio manager who is responsible for the stewardship of their assets. Working together with credit analysts and traders to filter market information, generate and discuss new investment ideas, the portfolio manager seeks to identify the best relative value opportunities for our clients.

  • 225 West Wacker Drive
  • Suite 1200
  • Chicago, IL 60606
  • 312-634-2500
© 2025 PPM America, Inc. All rights reserved.

Disclosure Agreement

This material has been created for and is for use only by institutional investors and consultants. It is not intended for use by retail investors. It is intended for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any security, strategy or investment product. This information should not be considered investment, tax or legal advice. PPM does not represent that any securities or sectors discussed are suitable for any particular investor. All investments are subject to risk, including possible loss of principal. The information provided on this website is not intended for distribution to, or use by, any person or entity located in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation. By clicking "ACCEPT" you acknowledge that you have read and agree to the foregoing, as well as the website’s Terms of Use and Privacy Policy.