Strategy Objectives

Pioneer Global High Yield Strategy employs a flexible approach by investing in US high yield, international high yield, and emerging market bonds seeking to achieve competitive returns and lower undue risk as compared with an average high yield portfolio. We seek to stay diversified1 across countries/regions, sectors/industries and currencies and are focused on a credit-driven, value-oriented approach to finding what we believe are the best investment opportunities.

1Diversification does not guarantee a profit or protect against a loss.

 

Key Features

 

The Global High Yield Strategy is distinguished by the following key features:

  • Value approach: Assesses relative value across a broad range of fixed income sectors, seeking strong total returns by investing in mispriced sectors and securities
  • Higher quality and lower volatility: Employs higher credit quality of underlying assets as a key differentiator and achieves volatility, as measured by standard deviation
  • Nimble and efficient: Provides the flexibility to make selective credit bets and ability to reject benchmark deals that may not correspond with investment objectives due to ideal strategy size
  • Downside risk focus: Seeks to invest in asset-rich companies, to limit downside risk, while ideal size enhances the ability to efficiently exit troubled credits
  • Experienced team: Boasts over 20 years of investment experience



Literature

Strategy Fact Sheet Request Product Profile

Portfolio Management


Tracy Wright
Senior Vice President,
Portfolio Manager
biography

Andrew Feltus
Senior Vice President,
Director of High Yield and Bank Loans,
Portfolio Manager
biography

Strategy Highlights

Inception Date
December 31, 2003

 

Benchmark
BofA Merrill Lynch Global High Yield and Emerging Markets Plus Index