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 |
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
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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
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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
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Daniel P. McElaney, CFA
Executive Director, Portfolio Manager
Joined investment management industry in 2002
Joined Eaton Vance in 2004
BS, Babson College
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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
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Federico Sequeda, CFA*
Executive Director, Portfolio Manager
Joined investment management industry in 2010
Joined Eaton Vance in 2009
BA, Dartmouth College
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* 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
Primary Benchmark |
Multi-Asset Credit I: 50% ICE BofA Developed Markets High Yield ex Subordinated Financial Index - Hedged USD and 50% Morningstar LSTA US Leveraged Loan TR USD Index* |
Multi-Asset Credit II: 1/3 ICE BofA Developed Markets High Yield ex Subordinated Financial Index - Hedged USD, 1/3 Morningstar LSTA US Leveraged Loan TR USD Index*, and 1/3 JP Morgan Emerging Market Bond Index (EMBI) Global Diversified. |
*Prior to August 29, 2022, the index name S&P/LSTA Leveraged Loan Index |