High Yield Mid-Grade

Our High Yield Mid-Grade 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. Our investible high yield mid-grade universe consists of all domestic high yield fixed income securities regardless of issue size or maturity, rated between BBB and B. This strategy focuses on the best mid-grade ideas that pass through our investment process. 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:
$11.7 million1
Portfolio Manager:

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

Separately Managed Accounts

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

Effective April 1, 2012, the performance benchmark for the High Yield Mid-Grade composite is the ICE BofAML U.S. High Yield BB-B 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%

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.