Polen U.S. Opportunistic High Yield Q1 2026 Commentary
2026-05-07·via All Articles on Seeking Alpha
Summary
In Q1 2026, the Polen Capital U.S. Opportunistic High Yield Composite produced a total return of -0.38% gross and -0.49% net, outperforming the ICE BofA U.S. High Yield Index.
In the first quarter of 2026, high yield bond yields moved higher and spreads widened as investors contended with rising rates and increasing geopolitical uncertainty.
During the quarter, Covetrus, Inc and Baffinland Iron Mines Corp. contributed the most to performance, while Internet Brands and Kaseya Inc. were the largest detractors.
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Summary
In Q1 2026, the Polen Capital U.S. Opportunistic High Yield Composite (the “Composite”) produced a total return of -0.38% gross and -0.49% net, outperforming the ICE BofA U.S. High Yield Index by 17 bps gross and 6 bps net of fees.
