The strategy, managed by a team with deep experience investing together, utilizes the full breadth of the firm’s fundamental research capabilities to identify companies across the market cap spectrum in order to exploit inefficiencies resulting in a differentiated portfolio.
Investment Process
Investment Objective:
Seeks to outperform the ICE BofA US High Yield BB-B Index over a full market cycle.
Investment Overview:
An actively managed portfolio of high yield bonds selected through rigorous fundamental analysis focused on cash flow generation allows us to take advantage of inefficiencies in market prices while reducing portfolio risks. We believe our team approach focused on quality companies can generate competitive returns with lower risk than the broader high yield market. In our view, the key to success is to know when a high yield bond of a good company becomes a good high yield bond investment.
Strategy Summary
Additional Information
Characteristics
Performance
* Most recent quarter returns are not annualized. Past performance is not indicative of future results. The value of an investment can go down as well as up as a result of market and currency fluctuations.
Portfolio Characteristics
Performance
* Most recent quarter returns are not annualized. Past performance does not guarantee future results and there is no assurance that the Strategy will achieve its investment objective.
Disclosure
Sources for data noted above are from APX, BondEdge, Merrill Lynch and Bloomberg Index Services Limited as of the date specified. Material presented is based on the composite and not an individual account.
Barrow Hanley gross returns are shown before investment management fees and custody expenses. Index returns do not reflect transaction costs, management fees, and other expenses. Performance is expressed in U.S. currency. Net returns are calculated using a model fee. The model fee is based on the highest tier of our standard fee schedule. Barrow, Hanley, Mewhinney & Strauss, LLC claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.
Merrill Lynch 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 Barrow, Hanley, Mewhinney & Strauss, LLC. ICE Data and its Third Party Suppliers accept no liability in connection with its use.
All institutional product information has been provided by Barrow, Hanley, Mewhinney & Strauss, LLC. Any questions about this material or requests for additional information may be made directly to the firm by contacting us here.