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Yield Hunting
2023 Yield Hunting Strategy Review

2023 Yield Hunting Strategy Review

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Yield Hunting
Feb 21, 2024
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Yield Hunting
2023 Yield Hunting Strategy Review
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Summary

  • Core Income Portfolio returned 15.51% total return in 2023, including 11.72% return on NAV and 3.8 points of discount tightening.

  • High yield space has more volatility than investment grade "high quality" bonds.

  • Trading and strategic swaps in the Core Portfolio model led to nearly 10 points of outperformance relative to the model's total return.

This…

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