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Core Plus Fixed Income Strategy

The strategy seeks to outperform the Bloomberg 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 a team of more than 30 investment professionals
  • Active management of risk through the use of propriety risk and portfolio management metrics

Core Plus Fixed Income Commentary (PDF)

Core Plus Fixed Income Fact Sheet (PDF)

Core Plus Fixed Income
STYLE
Bloomberg US Aggregate
BENCHMARK
Oct. 1, 2007
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 U.S. Government, agencies, asset-backed securities, mortgage-backed securities, investment grade credit, high yield credit, emerging markets debt, non-USD, and preferred stock
  • Maximum of 5% in any one issuer (excluding US government issued securities) 
  • Maximum of 30% in non-investment grade security exposure
  • Maximum of 20% in emerging markets exposure

Strategy Facts

As of 12/31/2023
Assets Under Management $1.8 billion
eVestment Universe U.S. Core Plus Fixed Income
Investment Vehicles Separate Account
Mutual Fund
Collective Investment Trust
Commingled Fund

Management

Daniel Carter

Daniel J. Carter, CFA

Managing Director, Senior Portfolio Manager

Career Summary
Ohio Casulaty 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
Garrick Bauer

Garrick T. Bauer, CFA

Managing Director, Portfolio Manager and Head of Credit

Career Summary
Wellington Management Company
Summit Investment Partners
PricewaterhouseCoopers

Education
BS - Miami University
MBA - University of Virginia

Meet Garrick Bauer
Paul Tomich

Paul A. Tomich, CFA

Vice President, Senior Portfolio Manager

Career Summary
Fort Washington Investment Advisors, Inc.

Education
BSBA - Xavier University

Meet Paul Tomich
Scott Weston

Scott D. Weston

Managing Director, Senior Portfolio Manager

Career Summary
Countrywide Investments
Midwest Group of Funds

Education
BA - University of Utah
MBA - University of Cincinnati

Meet Scott Weston
Brendan White

Brendan M. White, CFA

Senior Vice President, Co-Chief Investment Officer

Career Summary
Ohio Casualty Corporation

Education
BS - The Ohio State University
MBA - Xavier University

Meet Brendan White

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