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PCHI provides segmented exposure to the North American fixed income market with the intention to exceed the performance of the broader high yield market over a credit cycle. It aims to deliver overall total return through investments in fixed- and floating-rate high yield debt securities of middle market issuers in the US and, partially, in Canada. These below investment-grade securities may be corporate bonds, senior loans, convertible bonds, and preferred stock that are believed to be undervalued. The fund utilizes value investing with the intention of balancing the risks with the potential reward of discounted securities. It mainly follows a bottom-up investment approach, emphasizing downside protection, with the aim of adding value initially through security selection. The fund will not focus on maturity and duration but expects to hold securities with shorter maturity and duration than broad-based high yield market indices. The portfolio will typically include 60 to 150 bonds.
Sector exposure data isn't available for this fund yet.
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| — | BAFFINLAND IRON M 8.75 15JUL2 DFLT | 3.09% | $596.22K |
| CVET | CVET Midco 10/13/29 Term Loan | 2.46% | $475.82K |
| FOCS | FOCUS FINL PARTNE 6.75 15SEP31 144A | 1.86% | $359.05K |
| — | MINERVA MERGER SUB 6.5 15FEB30 144A | 1.81% | $349.72K |
| — | GLOBAL MED RESPO 7.375 01OCT32 144A | 1.58% | $305.80K |
| WEX | WEX INC 6.5 15MAR33 144A | 1.58% | $304.46K |
| — | HUB INTL LTD 7.375 31JAN32 144A | 1.55% | $299.07K |
| EA | OAK-EAGLE ACQUIRE 7.25 01JUL33 144A | 1.54% | $296.93K |
| RCM | RAVEN ACQUISITIO 6.875 15NOV31 144A | 1.53% | $296.03K |
| — | NATIONAL MENTOR H 10.5 15DEC30 144A | 1.51% | $291.46K |
| — | ELLUCIAN HLDGS INC 6.5 01DEC29 144A | 1.49% | $288.53K |
| — | SURGERY CTR HLDGS 7.25 15APR32 144A | 1.49% | $287.45K |
| — | DEXKO GLOBAL INC 7.5 15APR32 144A | 1.44% | $277.54K |
| B | GOAT HOLDCO LLC 6.75 01FEB32 144A | 1.42% | $273.69K |
| BBCP | BRUNDAGE-BONE CONC 7.5 01FEB32 144A | 1.36% | $261.81K |
| — | VENTURE GLOBAL L 9.875 01FEB32 144A | 1.35% | $260.48K |
| — | ALLIANT HLDGS IN 7.375 01OCT32 144A | 1.31% | $252.64K |
| — | QUIKRETE HLDGS IN 6.75 01MAR33 144A | 1.29% | $249.78K |
| — | TELECOM ITALIA CAP 7.721 04JUN38 | 1.29% | $248.34K |
| — | FIESTA PURCHASER 9.625 15SEP32 144A | 1.28% | $247.95K |
| LNW | LIGHT + WONDER IN 6.25 01OCT33 144A | 1.28% | $247.20K |
| — | MERIDIAN ARC HOLD 6.25 30APR31 144A | 1.26% | $243.33K |
| CZR | CAESARS ENTMT INC 6.5 15FEB32 144A | 1.22% | $234.84K |
| APLD | APLD COMPUTECO LL 9.25 15DEC30 144A | 1.21% | $232.90K |
| CMP | COMPASS MINERALS I 8.0 01JUL30 144A | 1.20% | $232.01K |