Fixed Income

Quality High Yield

Focusing on high quality standards and overlooked issues.

We believe that Fixed Income portfolios should be high quality and tailored to meet the liquidity, income and capital preservation needs of each of our clients.

Investment Philosophy

We seek to take advantage of inefficiencies in the fixed income market by identifying overlooked issues that offer a measurable return advantage and meet our high quality standards, generally leading to an emphasis on BB rated bonds. Our focus is on fundamental analysis and disciplined risk controls rather than market timing. Our consistent process seeks to perform well in all periods with an emphasis on downside protection.

Strategy Description

The strategy seeks to achieve a long-term total rate of return consistent with preservation of capital. We focus on bonds rated BB as we believe they can deliver higher return with less default risk than lower-rated bonds. In addition, our credit research and stress testing of issuers are designed to help preserve capital during volatile or down markets relative to the overall high yield market.

Approach

Focus on Quality

We define quality independent of the rating agencies by subjecting each issuer to in-depth stress testing – how have these companies navigated historical downturns in the business and could it be different in the future?

Emphasis on Downside Protection

Our consistent process seeks to perform well in all periods with an emphasis on downside protection as evidenced by performance in past high yield drawdowns.

Taking Advantage of Inefficiencies

We seek to take advantage of inefficiencies created by small issue sizes and rating agency classifications.

Bottom-up Approach

We use bottom-up bond selection and a quality focus to create a portfolio that may differ significantly from our competitors and the benchmark.

Portfolio Managers

Troy A. Johnson, CFA

Director of Fixed Income Research

READ BIO >

Gregory M. Shea, CFA

Senior Portfolio Manager

READ BIO >

Investment Vehicles

Separate Account

CIT

Literature

Related Insights

Explore the views of our thought leaders on related topics.

Contact an Advisor Solutions team member to learn more

All opinions expressed in this presentation are solely the opinions of Segall Bryant & Hamill. You should not treat any opinion expressed as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of the manager’s opinions. The opinions expressed are based upon information the manager considers reliable, but completeness or accuracy is not warranted, and it should not be relied upon as such. Market conditions are subject to change at any time, and no forecast can be guaranteed. Any and all information perceived from this presentation does not constitute financial, legal, tax or other professional advice and is not intended as a substitute for consultation with a qualified professional. The manager’s statements and opinions are subject to change without notice, and Segall Bryant & Hamill is not under any obligation to update or correct any information provided in this presentation.

You are now leaving the SBH main website and entering the SBH Mutual Funds portion. Please note that the SBH main website window will remain open.

How Can We Help You?

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.

How Can We Help You?

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.

How Can We Help You?

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.

How Can We Help You?

We’d love to hear from you and answer any questions you may have about Segall Bryant & Hamill.  You can reach us by submitting this form, by calling (800) 836-4265, or by emailing us at contactus@sbhic.com. We look forward to hearing from you.

"*" indicates required fields

Name*
What type of investor are you?*
This field is for validation purposes and should be left unchanged.

You are now leaving the SBH main website and entering the SBH Mutual Funds portion. Please note that the SBH main website window will remain open.