Our Philosophy
Being active managers, we understand the significance of a strongly differentiated market approach in consistently delivering superior results. Our unwavering commitment to index agnosticism and our distinct, high conviction strategy have empowered us to accomplish this feat for a span of more than two decades.
A glimpse at the structure of the SiM High Yield Portfolio
High Conviction
Within the expansive High Yield universe, a subset of around 80-110 issuers is chosen out of the total pool exceeding 1,000.
Index Agnostic
There are times we hold no weight in a particular industry category within the index, but there are also instances where we choose to double our allocation to a specific industry category.
Unique Strategy
Core - Suitable companies with high leverage that offer a justified rate of return.
Out-of-Favor - Capitalizing on market greed and fear.
Small Cap Issuers - Offering an additional 100 basis points of coupon.
Portfolios managed by other High Yield Managers
Closet Indexers
Typically holding positions in all industry sectors represented in the index, with marginal deviations in weights.
Lacking Conviction
Comprising around 250-500 issuers, with an unstated objective of merely tracking index performance.