High Yield

Our High Yield strategy seeks to outperform the benchmark while maintaining a similar level of volatility by investing primarily in U.S. corporate fixed income securities rated below investment grade. We believe that the global high yield market offers premium return potential that can be identified through credit research. Our deep credit research staff analyzes credits inside the high yield credit universe as well as other situations that may be attractive on a risk return basis that are not in the universe.

Assets Under Management:
$1,038.2 million1
Portfolio Manager:

Timothy Rabe, CFA
Benchmark:
ICE BofAML U.S. High Yield Master II Constrained Index2
Inception Date:
October 1, 2000
Available Vehicles:

Separately Managed Accounts

1 Represents total assets included in the High Yield strategy. Based on unaudited estimates and subject to change.

Effective November 1, 2007, the performance benchmark for the High Yield Fixed Income composite is the ICE BofAML U.S High Yield Master II Constrained Index. Please see additional Performance Disclosures in the Performance section. The index data referenced herein is the property of ICE Data Indices, LLC, its affiliates (“ICE Data”) and/or its Third Party Suppliers and has been licensed for use by MetLife Investment Management. ICE Data and its Third Party Suppliers accept no liability in connection with its use. See Performance Disclosures in the Performance section for a full copy of the Disclaimer.

Source ICE Data Indices, LLC (“ICE DATA”), is used with permission. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES NOR THEIR RESPECTIVE THIRD PARTY SUPPLIERS SHALL BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DO NOT SPONSOR, ENDORSE, OR RECOMMEND METLIFE INVESTMENT MANAGEMENT, OR ANY OF ITS PRODUCTS OR SERVICES.

SECTOR WEIGHTS (Range)

CCC (or below)

High Yield Bonds
Emerging Markets
Convertibles and Preferreds

Cash

0%–30%

85%–100%

0%–10%

0%–5%

0%–10%

Investors should carefully consider their investment objectives, risks, fees, charges and expenses before investing any money. To obtain this and other information, please email icg@metlife.com to request more information. Please review the Terms of Use of this site for additional details.