Short-Duration High Yield Strategies
Unlike our traditional high yield strategies (which are more benchmark-oriented), our short duration high yield strategies are more absolute return-oriented, with a strong bias toward quality. High-quality short duration is a subset of the broader high yield market, consisting of high yield bonds issued by good-quality, sub-investment grade-rated companies, generally with a final maturity profile of less than five years. The asset class can carry attractive yields, but with substantially less interest rate (duration) risk than other fixed income classes. By focusing on higher-quality and shorter-duration investments, our short duration high yield strategies aim to offer high levels of income, but with lower levels of volatility than the broader high yield market.
Post is one of the largest and longest-tenured asset managers focused on short duration high yield, having launched our Limited Term High Yield Strategy in 2002. We currently manage more than $5.0 billion in our short duration strategies. Our short duration high yield strategies employ the same rigorous underwriting process and the same investment team as our traditional high yield strategies. We are especially proud of our track record of zero defaults in these strategies, during their more than 20-year history (including during the global financial crisis).
- Limited Term (Inception Date 2002):
Offered in a limited partnership fund vehicle, as well as in a UCITS fund vehicle, in addition to separate account format.¹ ¹Certain vehicles have not been registered with the United States Securities and Exchange Commission under the United States Securities Act of 1933 and may not be directly or indirectly offered or sold in the United States or to any United States person.
- Intermediate Term (Inception Date 2012):
Similar to the Limited Term Strategy, but generally with slightly longer maturity/duration; offered in a limited partnership fund vehicle and separate account format.