High Yield ESG

  Aegon AM US High Yield ESG Overview
Objective 

Outperform the benchmark over a full credit cycle with a focus on investments with a favorable ESG profile

Benchmark

Bloomberg Barclays US Corporate High Yield Index

Investment Style
  • Applies a best-in-class methodology in an effort to optimize the portfolio's ESG risk/reward profile using positive and negative ESG-based screening
  • Research-intensive process incorporates proprietary ESG categories
  • Experienced high yield portfolio management team, consistent business cycle-based process
Universe

Primarily focused on US high yield bonds but may include opportunistic allocations to investment grade bonds, bank loans and emerging market bonds

Inception Date

March 1, 2019

Vehicles & Minimums

Separate account minimum: $50 million 

 

Portfolio Management Team

     
     

Kevin Bakker, CFA

Ben Miller, CFA

Jim Schaeffer

     

Derek Thoms

   

Positioning / Characteristics

Representative account

ESG Category allocation

Percentages based on market value as of 9/30/2019. Numbers may not add due to rounding. The portfolio information above reflects a representative account. Credit ratings reflect the Bloomberg Barclays credit quality methodology. Average quality excludes cash and securities that are not rated. The ESG category allocation reflects holdings, excluding cash and cash equivalents, based on the firm's proprietary assessment of the issuer's ESG profile.

Credit ratings for the portfolio reflect the Bloomberg Barclays credit quality methodology which is the middle rating of the three agencies, if only rated by two agencies it uses the lower rating and if only rated by one entity it uses that rating. Ratings are sourced directly from Bloomberg Barclays, or if unavailable, are calculated by applying the methodology to available ratings from rating agencies. Average Quality excludes cash and securities that are not rated. The credit quality of a security or group of securities does not ensure the stability or safety of the overall portfolio. NR includes securities that are not rated by S&P®, Moody's®, or Fitch and may contain bonds, equities and/or bank loans. Credit ratings for the benchmark reflect the benchmark rating.