HIGH YIELD

Value-Oriented Approach

Marathon seeks to maximize risk-adjusted returns through deep fundamental research at the sector and issuer levels.

Marathon has actively invested in the High Yield market for over 25 years, with a process enhanced by our renowned global credit platform that delivers unique advantages:

01.

Credit Selection

02.

Portfolio Optimization

03.

Execution

$50B+

In High Yield

3K+

Securities with Marathon Proprietary Research

400+

Positions in High Yield

Established & Successful
Investment Process

With decades of experience in credit selection and alpha creation, Marathon's aptitude to identify attractively priced credits that offer the best risk-reward within the capital structure utilizes:
  • Active Sector Positioning
  • Relative Value Analysis
  • Technical Analysis
  • Index Arbitrage
  • Primary Market Participation
  • Portfolio Optimization

Marathon's High Yield team collaborates across our Integrated Corporate Credit platform:
    • 30+ corporate credit professionals specializing across industries, asset classes and geographies
    • Expertise across risk spectrum - performing, stressed and distressed
    • Information sharing with Leveraged Loan & CLO teams
    • Expertise in index architecture & data science
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Marathon's High Yield team utilizes a measured, and tactical approach to credit selection within the Corporate High Yield universe. Our dynamic investment strategies aim to achieve an optimal risk-return profile by conducting rigorous fundamental analysis at the sector and issuer levels across all High Yield sub-sectors.

Investment Strategies

Global
High Yield

Actively managed and differentiated approach to portfolio construction that provides an opportunity to capture the Beta of the asset class while generating Alpha above index returns.

Pacesetter
High Yield

Long-only, actively-managed High Yield strategy focused on delivering the total return and market beta of the High Yield market through a consistent, scalable and actively-managed process.

Customized
Solutions

Marathon's significant expertise in portfolio construction enables us to utilize our core strategic principles in offering a Fund of One or Separately Managed Account for customized solutions to fit a variety of investment objectives, preferences, and market environments.

Investment Vehicles

  • Long-Only Funds
  • Fund of One & Separately Managed Account
  • Sub-Advisory

Contact Us

To contact Marathon's High Yield team, please reach out to one of the key contacts below:

For High Yield Transactions:

Michael Schlembach
Portfolio Manager - High Yield Bonds
mschlembach@marathonfund.com

For Investors:

Jason Friedman
Partner - Global Head of Strategy and
Business Development
jfriedman@marathonfund.com or
investors@marathonfund.com

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About the Fund

John Hancock Asset-Based Lending Fund is a Massachusetts business trust that is registered under the Investment Company Act of 1940, as amended, as a continuously offered, non-diversified, closed-end management investment company.

 

Fund shares are illiquid and, therefore, an investment in the fund should be considered a speculative investment that entails substantial risks. Investors could lose all or substantially all of their investment. Shares of the fund are not listed on any securities exchange, and it is not anticipated that a secondary market for the fund's shares will develop; therefore, an investment in the fund may not be suitable for investors who may need the money they invest in a specified timeframe. Please see the fund's prospectus for additional risks. Request a prospectus from your financial professional, by visiting jhinvestments.com, or by calling us at 800-225-5291. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should consider carefully before investing.

John Hancock Investment Management Distributors LLC, Member FINRA, SIPC, 200 Berkeley Street, Boston, MA 02116, 800-225-5291, jhinvestments.com