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+

Invested 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
  • High Yield ETF: John Hancock High Yield ETF (JHHY)

     

  • Fund of One & Separately Managed Account

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

You are now leaving Marathon Asset Management's website. By clicking the Learn More button, you will be connected to a website maintained by John Hancock Investment Management Distributors LLC, and you acknowledge and agree to the following:

We are providing a link to a third-party website solely as a convenience to you, as this website may provide useful content. We do not control the content on the third-party website, do not guarantee any claims made on it, and do not endorse the website, its sponsor, or any of the content, policies, activities, products, or services offered on the website or by any advertiser on the website. We disclaim any responsibility for the website's performance or interaction with your computer, its security and privacy policies and practices, and any consequences that may result from visiting the website. The link is not intended to create an offer to sell, or a solicitation of an offer to buy or hold, any securities.

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

You are now leaving Marathon Asset Management's website. By clicking the Learn More button, you will be connected to a website maintained by John Hancock Investment Management Distributors LLC, and you acknowledge and agree to the following:

We are providing a link to a third-party website solely as a convenience to you, as this website may provide useful content. We do not control the content on the third-party website, do not guarantee any claims made on it, and do not endorse the website, its sponsor, or any of the content, policies, activities, products, or services offered on the website or by any advertiser on the website. We disclaim any responsibility for the website's performance or interaction with your computer, its security and privacy policies and practices, and any consequences that may result from visiting the website. The link is not intended to create an offer to sell, or a solicitation of an offer to buy or hold, any securities.

About the Fund

The John Hancock High Yield ETF is an exchange traded fund that is registered under the Investment Company Act of 1940, as amended. The John Hancock High Yield ETF, driven by a consistent portfolio construction process and diversified approach, aims to deliver strong category returns with index-like risk.

 

ETF shares are bought and sold through exchange trading at market price (not NAV) and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Please see the fund's prospectus for additional risks. Request a prospectus from your financial professional, by visiting jhinvestments.com, or by calling 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