FSYD

FSYD seeks high income and capital growth by targeting global high-yield corporate bonds with positive ESG characteristics. The selection of debt securities involves two components: 1) a proprietary ESG ratings process that focuses on multiple factors that highlight individual environmental, social, and governance profiles to assess issuer's sustainability practices, 2) a multi-factor quantitative model that screens over 1,000 high-yield bonds for value and quality metrics, while using an index to guide the credit quality and risk characteristics of the fund, and 3) a fundamental analysis of factors such as each issuer's financial condition and industry position, as well as economic and market conditions. The final selection is actively managed in order to optimize trading costs. Note, FSYD does not target a specific duration.