Bank Loan Fixed Income

SLATE: Alebrije Variant No. 1
Francesco Moreno
Learn More About Barrow Hanley's Engagement with the Arts >
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 Credit Suisse 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 Credit Suisse 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
Arrow pointing left
Liquid and Performing
Arrow pointing left
Attractive Value
Arrow pointing left
Macro Awareness
Arrow pointing left
Industry Positioning
Arrow pointing left
Credit Cycle Overlay

Strategy Summary

as of 12/31/2023
Asset Class
US Fixed Income
Investment Style
Bottom-Up Security Selection
Portfolio Benchmark
Credit Suisse 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>

Portfolio Characteristics

as of 12/31/2023
Portfolio
Credit Suisse Leveraged Loan Index
Average Rating
B1
B2
Beta
0.94
1
Top Industry
SERVICE
INFORMATION TECHNOLOGY
Top Industry Weight
13.11
15.04
YTM (%)
8.29
9.13

Performance

Annualized Portfolio Returns as of 12/31/2023
Qtr*
1 Year
3 Year
5 Year
Since Inception**
Bank Loan Fixed Income - Gross Returns
3.85%
14.82%
6.85%
6.54%
5.88%
Bank Loan Fixed Income - Net Returns
3.72%
14.25%
6.32%
6.01%
5.35%
Credit Suisse Leveraged Loan Index
2.85%
13.04%
5.64%
5.56%
4.75%

* 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

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

Sources for data noted above are from APX, Credit Suisse and Bloomberg Index Services Limited as of the date specified. Material presented is based on the composite and not an individual account.

Barrow Hanley gross returns are shown before investment management fees and custody expenses. Index returns do not reflect transaction costs, management fees, and other expenses. Performance is expressed in U.S. currency. Net returns are calculated using a model fee. The model fee is based on the highest tier of our standard fee schedule. Barrow, Hanley, Mewhinney & Strauss, LLC claims compliance with the Global Investment Performance Standards (GIPS®).

Credit Suisse Index data is permissible for use by Barrow Hanley for client reporting and marketing purposes.  This data is not permitted to be re-distributed.

All institutional product information has been provided by Barrow, Hanley, Mewhinney & Strauss, LLC. Any questions about this material or requests for additional information may be made directly to the firm by contacting us here.

Back to Top  >
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Terms & Conditions and Website Privacy Policy for more information