Investment Overview

The Multi-Asset Credit Strategy invests predominantly in global subinvestment grade bond markets, across corporate, sovereign and securitized issuers.
For the Multi-Asset Credit I Strategy, the core allocation includes global high yield corporate bonds and bank loans. For the Multi-Asset Credit II Strategy, the core allocation includes global high yield corporate bonds and bank loans as well as emerging markets debt (hard currency)
The Multi-Asset Credit strategies seek to provide the following:
Income generation
Diversification from investment-grade bond allocations
Dynamic asset allocation
Ease the governance constraints our investors face
A custom credit solution for institutional investors
 

Portfolio Construction

The strategies follow a process of Intelligent Integration, combining top-down and bottom-up portfolio construction, using an active approach to take advantage of credit dislocations, with flexibility to allocate across risk-reducing and opportunistic credit asset classes.
Designed for institutional investors, we believe that the philosophy and process are robust and repeatable with a number of implementation options available for institutional investors, managed against a range of different benchmarks.

Investment Team

Jeffrey D. Mueller

Managing Director, Co-Head of High Yield

Joined investment management industry in 2004

Joined Eaton Vance in 2015

BBA, University of Wisconsin at Madison


Justin H. Bourgette, CFA

Managing Director, Portfolio Manager

Joined investment management industry in 2006

Joined Eaton Vance in 2006

BS, Worcester Polytechnic Institute

MS, Boston University


John P. Redding

Managing Director, Portfolio Manager

Joined investment management industry in 1987

Hoined Eaton Vance in 1998.

BS, State University of New York - Albany


John Baur*

Managing Director , Co-Head of Emerging Markets

Joined investment management industry in 2005

Joined Eaton Vance in 2005

MBA, Cornell University

B.S., Massachusetts Institute of Technology


Federico Sequeda, CFA*

Executive Director, Portfolio Manager

Joined investment management industry in 2010

Joined Eaton Vance in 2009

BA, Dartmouth College


* John Baur and Federico Sequeda are named portfolio managers for Eaton Vance Multi-Asset Credit portfolios where Emerging Markets Debt is a benchmark asset class


 

Benchmark

Primary Benchmark
Multi-Asset Credit I: 50% ICE BofA Developed Markets High Yield ex Subordinated Financial Index - Hedged USD and 50% S&P/LSTA Leveraged Loan Index
Multi-Asset Credit II: 1/3 ICE BofA Developed Markets High Yield ex Subordinated Financial Index - Hedged USD, 1/3 S&P/LSTA Leveraged Loan Index, and 1/3 JP Morgan Emerging Market Bond Index (EMBI) Global Diversified.