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 
Investment Style
Investment Grade Corporate Credit
STYLE
Benchmark
Bloomberg Barclays U.S. Credit
BENCHMARK
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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

Strategy Facts

As of 9/30/2018

 Assets Under Management (AUM)  $21.9 billion
 eVestment Universe  U.S. Corporate Fixed Income
 Investment Vehicle  Separate Account

 

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%

Management

Paul Tomich

Paul A. Tomich, CFA

Assistant Vice President, Senior Portfolio Manager

Career Summary
Fort Washington Investment Advisors, Inc.

Education 
BSBA - Xavier University

Meet Paul Tomich
John Goetz

John J. Goetz, CFA

Vice President, Senior Portfolio Manager

Career Summary
Countrywide Investments 
Midwest Group of Funds

Education 
BS - University of Cincinnati

Meet John Goetz

Resources

Insights

Finding Value in unloved sector

Finding Value in 2018’s Most Unloved Sector

How can you find value in investment grade corporate debt, an unloved sector? Read why we think intermediate corporates may offer attractive risk-adjusted return potential.
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Why Active Fixed Income Wins Over Time

Senior PM Paul Tomich shares why fixed income is well suited for active management. For investors with a longer-term horizon, active management can provide greater results. 

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