PrivilEdge
Robeco Global High Yield

PrivilEdge - Robeco Global High Yield (Previously PrivilEdge – T. Rowe Price European High Yield Bond) is a global high-yield fund managed by Robeco Institutional Asset Management B.V., a Dutch asset manager founded in 1929 and part of Orix Corporation since 2016. The fund aims to outperform the Bloomberg Global High Yield Corporate index by providing full and persistent exposure to the global high yield market. It takes a conservative approach and focuses on implementing an extensive bottom-up approach founded upon top-down views. This globally diversified fund avoids crowded trades and exploits market dislocation. The former are skewed towards BB-rated bonds, which form the higher quality part of the segment, and structurally underweight on CCC-rated bonds. With a track record of over 26 years, Robeco has built a strong reputation, resulting in high-yield assets under management currently totaling EUR 11 billion. PrivilEdge - Robeco Global High Yield provides a core exposure to the global high-yield market and aims to generate consistent alpha throughout the cycle, with a tracking error budget of 300 basis points.