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Strategy

Investment Approach

  • Focus primarily on high yield bonds and floating rate bank loans through a concentrated and flexible approach.
  • Independent and proprietary credit research drives bottom-up security selection process into a high conviction portfolio.
  • Holistic fundamental research is made possible by close collaboration between fixed income and equity analyst to provide a complete capital structure perspective.
  • Opportunistically invest in select special credit situations with acute emphasis on downside protection and risk-adjusted returns.
  • Strict risk management practices with individual exposures based on conviction levels, available opportunities and upside/downside scenarios.
  • Full integration of Environmental, Social, and Governance (ESG) factors in the investment process to seek to enhance investment decisions.

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GIPS® Information

T. Rowe Price (“TRP”) claims compliance with the Global Investment Performance Standards (GIPS®).

A complete list and description of the Firm's composites and/or a presentation that adheres to the GIPS® standards are available upon request. Additional information regarding the firm's policies and procedures for calculating and reporting performance results is available upon request

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