The JOHCM Credit Income Fund is managed by Giorgio Caputo, Senior Fund Manager and Head of Multi-Asset Value and Adam Gittes, Senior Fund Manager and Head of Credit. They are supported by the members of the New York-based Multi-Asset Value team. The Fund seeks competitive current income through a flexible, global corporate credit allocation appropriate for risk-aware investors.
Investment Strategy
Fund managers Giorgio Caputo and Adam Gittes seek to build a portfolio that reflects their investment views across the fixed income markets that is consistent with the Fund's objective of preserving capital and delivering returns through a combination of income and modest capital appreciation. They seek to avoid the permanent impairment of capital while identifying investments in companies that produce resilient income streams. The Fund employs a conservative approach that prioritizes capital preservation without reaching for yield.
The Fund employs a highly analytical process that focuses on evaluating an investment's durability and capacity; financial position (particularly cash flow), stability of revenues and cost structure; and corporate and legal structure.
As market conditions change, the volatility and attractiveness of sectors, securities and strategies can change as well. To optimize the Fund's risk/return, the portfolio managers may dynamically adjust the mix of different asset class exposures.
Investment Objective
The investment objective of the JOHCM Credit Income Fund (the "Fund") is to preserve capital and deliver returns through a combination of income and modest capital appreciation.
The Fund invests, under normal circumstances, at least 80% of its net assets in fixed income securities across a wide range of maturities. The securities can include investment grade corporate debt, high yield securities, convertible bonds (including contingent convertible bonds), preferred stock, floating-rate debt, collateralized debt, municipal debt, foreign debt (including emerging markets), commercial paper, loans and loan participations. The Fund may also invest up to 10% of its net assets in dividend paying equities of companies of any size.