Fundamental Analysis
Focus on market segments with
attractive pricing
Regular valuation screens
Continious monitoring for single
name/sector events
Special situations
Start with valuations
Models built in house, focusing on cash generation
Financial Analysis
Assess risks
2
Thematic backdrop, competitive dynamics
Business Analysis
ESG factors considered within the investment process
ESG Risk Analysis*
Seniority, covenants and carve outs
Legal Analysis
Only invest when the yield greatly overstates the risk
Margin of safety
Buy when the yield overstates risk
3
Monitor investments closely
Stay close
Harvest when bonds
hit fair value
Active
1
The Strategy does not promote any environmental or social characteristics within the meaning of the Sustainable Finance Disclosure Regulation (SFDR).