In what many are calling “a big moment for the economy,” the Fed cut rates for the first time in four years.
What’s the half-point cut mean for high-yield investors? This rally pretty much sums it up.
While we welcome this shift in monetary policy, our approach remains the same: rigorous, in-depth credit analysis on every opportunity that crosses our radar.
Our Chief Investment Officer & Portfolio Manager, Hunter Hayes, had the chance to share some thoughts on this in two different articles with Bloomberg.
Read Hunter's insights below:
Junk Bond Investors Are Getting Ahead of ‘Rate Cutting Party’ >>
Fed Cut is a Positive for Credit, Market Participants Say >>
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Curious to learn more about Intrepid Capital’s underwriting process? In this interview, Hunter Hayes, Matt Parker, and Joe Van Cavage pull back the curtain on their highly engaged approach to identifying and analyzing risk. Stream the Interview Now! |
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Mutual fund investing involves risk. Principal loss is possible.
The Funds’ investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 866-996-FUND (3863).
Interest Rate Risk: When interest rates rise, the value of previously-issued bonds and other debt securities decreases. An increase in interest rates typically causes a decline in the value of the debt securities in which the Fund may invest.
The value of your investment in the Fund may change in response to changes in the credit ratings of the Fund’s portfolio of debt securities.
The risk of investing in bonds and debt securities whose issuers may not be able to make interest and principal payments.
The risk of loss on investments in high yield securities or “junk bonds.” These securities are rated below investment grade, are usually less liquid, have greater credit risk than investment grade debt securities, and their market values tend to be volatile.
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