High Yield  

Seeks to consistently deliver excess return with below average volatility

Crescent is one of the most experienced high yield bond managers in the industry. For more than 20 years, we have relied on fundamental bottom-up credit research to capture inefficiencies across all rating segments of the high yield bond market. With a focus on the middle- and upper-tier credit classes, our strategy seeks to consistently deliver excess return with below average volatility. Most importantly, our portfolios are diversified and emphasize current income and capital preservation.

Source: JP Morgan Global High Yield Bond Index.
Source: JP Morgan Global High Yield Bond Index.

The benchmark references different investment guidelines and criteria than the High Yield Bond Strategy and is disclosed solely for comparison of performance of the High Yield Bond Strategy to that of a well known benchmark. The risk profile, volatility and performance of the benchmark may differ from those of the High Yield Bond Strategy and are not meant to be indicative of the risk profile, volatility or performance of the High Yield Bond Strategy.