Executive Summary

• • • We have assembled a quarterly, post-earnings roundup from our U.S. investment grade team, highlighting names under active coverage along with observations on spreads, potential catalysts, and links to recent research. No yield hurdle was applied. This is intended to summarize areas of current analyst focus and conviction on credit fundamentals.
    • Coverage highlights currently skew toward lower end of the BBB spectrum, with an average OAS and duration profile that differ from the BBB index. A separate subset trends toward mid/high BBB with a somewhat shorter duration profile. Where names lacked 8–10 year points, we referenced nearby maturities for comparability (e.g., 2032s for Fidelity National Info Services and 2030s for Southwest Airlines).
    • For deeper dives, please contact the respective analyst teams via the Ask-An-Analyst feature on the right side of the report or by email. Clients may also request an Excel file of relevant CUSIPs for monitoring.
    • For the period from May 19 to August 29, we monitored a static basket of names for tracking purposes relative to the BBB index. Aggregate results and name-level analytics are available upon request. Within the tracked basket, several constituents exhibited notable total return outcomes over the period, including Anglo American, APA, Hyatt, Mattel, and EOG. We recognize contributor achievements internally; for example, analysts who identified multiple names with strong relative outcomes during the same quarter are acknowledged in our Best Ideas Hall of Fame. While analysts may update views and coverage assessments intra-quarter, the tracking basket remains unchanged until the next scheduled refresh to maintain measurement consistency.