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Core Fixed Income Strategy

The strategy seeks to outperform the Bloomberg Barclays US Aggregate over a full market cycle by covering the global fixed income universe while tactically adjusting risk exposure within a relative value framework.

  • 10+ year track record with a focus on consistent returns and downside protection
  • Disciplined and repeatable process that balances risk allocation, sector allocation, and security selection
  • Supported by team of more than 30 investment professionals
  • Active management of risk through the use of propriety risk and portfolio management metrics
 
Core Fixed Income
STYLE
Bloomberg Barclays US Aggregate
BENCHMARK
Jul. 1, 2005
INCEPTION

Philosophy

We believe that in order to consistently generate attractive risk adjusted long-term outperformance, we need to:

  • Adjust risk through the cycle
  • Efficiently allocate risk on a relative value basis with an emphasis on downside protection
  • Drive security selection decisions down to analyst level – “Sector PMs”
  • Avoid outsized positions in rates

Portfolio Construction

  • Investment universe includes US Government, agencies, asset backed securities, mortgage backed securities, investment grade credit, high yield credit, and preferred stock
  • Issuer concentration is limited to 5%, (excluding US government issued securities)
  • Maximum of 10% in non-investment grade security exposure

Strategy Facts

As of 6/30/2022
 Assets Under Management
 $997 million
 eVestment Universe  US Core Fixed Income
 Investment Vehicle  Separate Account

Management

Daniel Carter

Daniel J. Carter, CFA

Managing Director, Senior Portfolio Manager

Career Summary
Ohio Casualty Group
Provident Financial Group

Education 
BS - Miami University

Meet Daniel Carter
Austin Kummer

Austin R. Kummer, CFA

Vice President, Senior Portfolio Manager

Career Summary
Fort Washington Investment Advisors, Inc.

Education 
BBA - Ohio University
MBA - Xavier University

Meet Austin Kummer

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