Team structure fosters transparency and decision-making, empowering the team to capture all three elements in their analysis. The three key pillars of our bottom-up credit process center on fundamentals, valuation and technicals. This is in contrast to many long only high yield firms which adhere to a strict bottom-up philosophy. Our macro view helps inform our risk posture, which in turn influences sector and security selection decisions. Our top-down and bottom-up approach to portfolio construction and risk management differentiates our Strategy, which we believe allows us greater flexibility to create value compared to following a strict bottom-up approach. What differentiates PMAM’s High Yield Bond Strategy from other high-yield strategies? We sat down with the portfolio managers to discuss what differentiates this Strategy from other high-yield strategies, what has benefited performance and how current positioning may add value.ġ. The long-tenured portfolio management team remains focused on uncovering and delivering value for investors.

We believe the Strategy is well positioned for the long term and is particularly attractive in the current market environment. The Strategy information ratio of 1.28 since inception reflects continued strong performance relative to benchmark on both an outright and risk-adjusted basis. Integrated eblast system allows blogs to be emailed to their list directly from the blog page, without additional editing or set up.We are excited to share this milestone achievement as the Strategy has delivered consistent results over the last five years as a result of our disciplined investment process and value-based approach.Chart data pulls from excel data loaded onto the website, which allows for easy quarterly updates by non-technical content managers.All chart and graph data is rendered in real-time using custom d3 charts.Stacked approach to most pages, offering multiple rows within the same page with different, but related subject matter.Home page video frames the firm geographically and reinforces their tie to William Penn.We also helped their marketing team organize and present their strategies publicly for the first time. We leveraged and extended their existing brand guidelines to modernize the site, pulled all blogs into the main site and related them to authors throughout the site. Penn Mutual Asset Management is the investment arm of Penn Mutual and has over $24 billion under management.

Penn mutual assets