Seix High Yield Bond Wrap

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Seix High Yield Bond Wrap

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Portfolio Overview

Investment Objective

Seeks to deliver current income and capital appreciation by investing in a diversified portfolio of non-investment grade corporate debt securities.

Investment Philosophy

To participate in the upside inherent in the high yield market, but also to be focused on reducing risk by minimizing the downside, especially through comprehensive fundamental credit research.

We believe that the highest risk-adjusted returns are achieved with an investment approach that employs in-depth company research, optimal security structures, and astute expected return analysis, all supported by rigorous and time-tested sell disciplines.

Investment Partner

Seix Investment Advisors

Seix Investment Advisors is an investment management boutique focused exclusively on managing fixed income securities since 1992. Seix seeks to generate competitive absolute and relative risk-adjusted returns over the full market cycle through a bottom-up focused, top-down aware process. Seix employs multi-dimensional approaches based on strict portfolio construction methodology, sell disciplines and trading strategies with prudent risk management as a cornerstone.


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Investment Professionals

Michael Kirkpatrick - 400x400

Michael Kirkpatrick

Managing Director, Senior Portfolio Manager

Industry start date: 1991
Start date as fund Portfolio Manager: 2012

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James FitzPatrick

James FitzPatrick, CFA

Managing Director, Head of Leveraged Finance Trading, Portfolio Manager

Industry start date: 1996
Start date as fund Portfolio Manager: 2012

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Risk Considerations

Credit & Interest: Debt instruments are subject to various risks, including credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities.
High Yield Fixed Income Securities: There is a greater risk of issuer default, less liquidity, and increased price volatility related to high yield securities than investment grade securities.
Foreign Investing: Investing in foreign securities subjects the portfolio to additional risks such as increased volatility; currency fluctuations; less liquidity; less publicly available information about the foreign investment; and political, regulatory, economic, and market risk.
Market Volatility: The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Local, regional, or global events such as war or military conflict, terrorism, pandemic, or recession could impact the portfolio, including hampering the ability of the portfolio's manager(s) to invest its assets as intended.