Bank Loan Fixed Income

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Francesco Moreno
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About Bank Loan Fixed Income

The strategy, managed by a team with deep experience investing together, utilizes the full breadth of the firm’s fundamental research capabilities to identify companies across the market cap spectrum in order to exploit inefficiencies resulting in a differentiated portfolio.

Investment Process

Investment Objective:

Seeks to outperform the S&P UBS Leveraged Loan Index over a full market cycle.

Investment Overview:

We believe markets are inefficient, and that these inefficiencies can best be exploited through adherence to a valuation centric investment process dedicated to the selection of securities on a bottom-up basis.  Additional market forces of rate volatility, market liquidity, new issue underwriting activity and fund flows, among other influences, create inefficiencies that provide trading opportunities.  Barrow Hanley’s fundamental credit research allows our team to accurately price the risk of loss and generate above market returns.

~1,400
Loans in S&P UBS Leveraged Loan Index
~1,000
Loans remaining after
exclusionary screens
~800
Loans remaining after
quantitative screens
~300
Loans remaining
Post-screening and subject
to rigorous fundamental
analysis by BH
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Liquid and Performing
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Attractive Value
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Macro Awareness
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Industry Positioning
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Credit Cycle Overlay

Strategy Summary

as of 03/31/2025
date format is m/dd/yyyy
Asset Class
U.S. Fixed Income
Investment Style
Bottom-Up Security Selection
Portfolio Benchmark
S&P UBS Leveraged Loan Index
Separate Account
Open

Additional Information

Media Spotlight

Mark Giambrone Discusses Midterm Elections and Markets on Fox Business
November 7, 2018
View on FoxBusiness.com
Mark Giambrone Discusses Market Trends on CNBC
November 6, 2018
View on CNBC.com>

Characteristics

as of 03/31/2025
date format is m/dd/yyyy
BH BL
S&P UBS Leveraged Loan
Average Rating
B1
B2
Beta
0.94
1
Top Industry
FINANCIAL
INFORMATION TECHNOLOGY
Top Industry Weight (%)
13.59
16.6
YTM (%)
8.08
8.57

Performance

Annualized Returns as of 3/31/2025
date format is m/dd/yyyy
Qtr*
1 Year
3 Year
5 Year
Since Inception**
BH Bank Loan Fixed Income - Gross Returns
0.79%
8.23%
8.35%
9.66%
6.41%
BH Bank Loan Fixed Income - Net Returns
0.67%
7.69%
7.81%
9.11%
5.87%
S&P UBS Leveraged Loan
0.61%
7.02%
7.10%
8.90%
5.29%

* Most recent quarter returns are not annualized. Past performance is not indicative of future results. The value of an investment can go down as well as up as a result of market and currency fluctuations.
** Inception Date: 6/1/18

date format is m/dd/yyyy

Explore Our Insights

Portfolio Characteristics

as of 3/31/2023
Portfolio
Credit Suisse Leveraged Loan Index
No items found.

Performance

Annualized Portfolio Returns as of 3/31/2023
Qtr*
1 Year
3 Year
Since Inception**
No items found.
No items found.
No items found.

* Most recent quarter returns are not annualized. Past performance does not guarantee future results and there is no assurance that the Strategy will achieve its investment objective.
** Inception Date: 6/1/18

Disclosure

Standard and Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC, and these trademarks have been licensed for use by S&P and Dow Jones Indices LLC and S&P Dow Jones Indices LLC. The presentation may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is a presentation of Barrow Hanley. S&P Dow Jones Indices LLC is not responsible for the formatting or configuration of this material or for any inaccuracy in Barrow Hanley’s presentation thereof.

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