High Yield Fixed Income

Investment Strategy

At AUIM, we manage portfolios under a uniform investment approach driven by a seasoned group of investment and risk management professionals. Performing in a team-oriented environment, we focus on fundamentals, positioning, technicals, and valuation throughout each step of the investment process. We begin the investment process with fundamental independent bottom-up research of security and sector. Research is shared amongst our global partners and between different asset classes to fully leverage resources and provide optimal value to our clients. We strive to exploit inherent inefficiencies of the market and outperform the high yield index throughout the credit cycle.

AUIM's most valuable attribute is the result of rigorous independent bottom-up credit research. Concentration is given to specific industries across the credit spectrum, as we seek to capitalize on inefficiencies within the cap structure. We have an integrated Distressed Team which has extensive experience in workout and bankruptcy situations. The Team is instrumental in screening for “at risk” credits, analyzing downside scenarios, and providing a detailed framework to take ambiguity out of difficult “sell” decisions. Through our rigorous research strategy, Distressed Analysts are skilled in finding attractive investment candidates that may not be recognized by AUIM’s Traditional Analysts.

A thorough understanding of the entire competitive landscape allows us to evaluate strategic positioning of a credit and effectively measure the impending upside, while limiting downside performance risk.

Key Facts

$7,281 million USD

Strategy AUM

$114 billion USD

Firm AUM

Strategy Objective

To consistently outperform the Barclays U.S. Corporate High Yield 2% Issuer Capped Index throughout the credit cycle.

As of 3/31/2017

High Yield Fixed Income Institutional Fact Sheet

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Composite Disclosures

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Portfolio Management Bios

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Aegon USA Investment Management, LLC, (AUIM) is a U.S.-based investment adviser registered with the Securities and Exchange Commission (SEC) and a member company of Aegon Asset Management, the global investment management division of the Aegon Group.