Our Polen U.S. High Yield BB-B strategy targets the higher rated segment of the U.S. high yield universe. The strategy seeks to generate outperformance primarily through security selection.
Number of Issuers: 60-120
Style: High Yield
Benchmark: ICE BofA US Cash Pay High Yield Constrained (BB-B)
- A high conviction, concentrated portfolio focused on the liquid and higher rated segment of the U.S. high yield universe.
- A high active share portfolio that seeks to generate alpha through bottom-up security selection, not top-down macro calls.
- Sustainability characteristics: certain accounts integrate various exclusions and maintain carbon footprint limitations.
We strive to generate attractive risk-adjusted returns by employing a disciplined, bottom-up, fundamentally-oriented investment process with a strict adherence to downside protection. Through rigorous due diligence with a strong emphasis on margin of safety, we believe that we can construct concentrated portfolios that can outperform broad high yield indices over a full credit cycle.
Portfolio Management
Polen Capital Credit, LLC, a wholly-owned subsidiary of Polen Capital Management, LLC, is an investment adviser registered with the SEC. Please find Polen Capital Credit, LLC's Form ADV linked here.
ICE BofA US Cash Pay High Yield Constrained (BB-B): The ICE BofA US Cash Pay High Yield Constrained (BB-B) Index tracks the performance of U.S. dollar-denominated, below-investment-grade corporate bonds rated BB to B, based on an average of Moody's, S&P and Fitch , which pay interest in cash. The index limits the weight of any single issuer to ensure diversification.
The index data referenced herein is the property of ICE Data Indices, LLC, its affiliates (“ICE Data”) and/or its Third-Party Suppliers and has been licensed for use by Polen Capital Credit, LLC ICE Data and its Third-Party Suppliers accept no liability in connection with its use. Please contact Polen Capital Credit for a full copy of the applicable disclaimer.
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