Polen Opportunistic High Yield Fund – Investor Class (DDJRX)

Overview

The fund focuses on investment opportunities primarily within the United States, with a strategic albeit minimal involvement in the Canadian market. It specializes in fixed- and floating-rate high yield fixed income securities, targeting "middle market" issuers. The essence of its investment philosophy is to engage with credit instruments that are considered below investment grade. This positioning is determined based on evaluations by major independent rating agencies, including Moody's Investors Service, Standard and Poor's Rating Services, and Fitch Ratings. The fund's approach signifies a willingness to embrace higher risk for potentially greater returns, concentrating on sectors often overlooked by larger investment entities. This tactical methodology allows it to seek out unique and lucrative investment opportunities within this specific market niche.

Products and Services

The fund's investment offerings are tailored toward investors looking for exposure to high yield, below investment grade fixed income securities. Here is an elaboration on its primary products and services:

• Fixed-Rate High Yield Fixed Income Securities: These are bonds with a set interest rate that do not change throughout the life of the bond. Targeting the middle market, the fund invests in issuers that present a higher risk but also offer the potential for higher returns compared to investment-grade bonds. These securities are ideal for investors seeking predictable income flows and are prepared to tolerate the higher risk associated with below investment grade ratings.
• Floating-Rate High Yield Fixed Income Securities: Unlike fixed-rate securities, these bonds have interest rates that adjust over time, usually in relation to an underlying benchmark. This feature can provide a hedge against inflation and interest rate increases, making them an attractive option for more risk-tolerant investors. By focusing on the middle market, the fund aims to uncover value in issuers that, despite their lower credit ratings, demonstrate potential for growth and profitability.