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
Strategy Facts
Assets Under Management
(As of 3/31/19)
$1 billion
eVestment Universe
US Core Fixed Income
Investment Vehicle
Separate Account
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
Management
Timothy J. Policinski, CFA
Managing Director, Senior Portfolio Manager
Career Summary Lincoln National
Education BS - Indiana University
MSBA - Indiana University
