Our portfolio underperformed the S&P UBS Leveraged Loan Index during the quarter.
By rating, the most notable contributors were our exposure in unrated debt along with security selection within the CCC-rated credit.
From a sector perspective, the portfolio benefited from an underweight in technology & electronics and selection within media, while selection within consumer goods and insurance detracted.
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Portfolio Management
Bryan C. Krug, CFA
Portfolio Manager (Lead)
Seth B. Yeager, CFA
Portfolio Manager
Performance Discussion
Our portfolio underperformed the S&P UBS Leveraged Loan Index during the quarter. By rating, the most notable contributors were our
