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Active Corporate Fixed Income

Active Corporate Fixed Income Strategy

The strategy seeks to outperform the Bloomberg Barclays U.S. Credit Index through a relative value orientation which considers fundamental credit analysis as well as sector, quality, and yield curve placement.

10+ year track record that was born from the firm’s core competency—credit analysis
Explicit measures of risk and determinants of value utilized in both the investment and risk management processes
Top-down management of spreads coupled with fundamental analysis
Supported by a team of industry sector specialists averaging 21 years of experience

Active Corporate Fixed Income Commentary (PDF)

Active Corporate Fixed Income Fact Sheet (PDF)

Investment Grade Corporate Credit
STYLE

Bloomberg Barclays U.S. Credit
BENCHMARK

Jan. 1, 2005
INCEPTION

Philosophy

The team believes that in order to generate consistent alpha, a fundamental analysis must be combined with:

Top-down management of spread risk using explicit measures of valuation and risk
Relative value framework with a focus on downside risk
Return profile assessment at the individual security level

Portfolio Construction

Invests primarily in investment grade bonds
Focus on sectors with strong commitment to investment grade ratings
Seek opportunities in rising star credits
Well diversified, average position size 1% to 1.5%

Strategy Facts

As of 6/30/2023
Assets Under Management	$2.4 billion
eVestment Universe	U.S. Corporate Fixed Income
Investment Vehicle	Separate Account

Management

Paul A. Tomich, CFA

Vice President, Senior Portfolio Manager

Career Summary
Fort Washington Investment Advisors, Inc.

Education
BSBA - Xavier University

Meet Paul Tomich

Jonathan P. Westerman, CFA, CPA

Vice President, Portfolio Manager and Head of Investment Grade Research

Career Summary
Western & Southern Financial Group
PricewaterhouseCoopers LLP

Education
BS - University of Kentucky
MBA - Xavier University

Meet Jonathan Westerman

Jay M. Devine

Vice President, Senior Trader & Senior Portfolio Manager

Career Summary
Western & Southern Financial Group
Merrill Lynch

Education
BBA - Ohio University
MBA - Northern Kentucky University

Meet Jay Devine

Meet Fixed Income Team

Resources

Active Corporate Fixed Income Commentary (PDF)

Active Corporate Fixed Income Fact Sheet (PDF)

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