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Flexible Income Strategy

The strategy seeks a high level of current income with a focus on capital preservation by investing in income producing fixed income and equity securities.

  • Invests in diversified sources of income, including traditional fixed income, private fixed income, and common stock
  • Unique asset class combinations and specialized knowledge in niche sectors
  • Employs a high conviction approach to security selection with rigorous bottom-up fundamental research
  • Lead portfolio managers averaging 25 years of experience, supported by 30+ dedicated sector research analysts and portfolio managers overseeing nearly $50 billion in fixed income and equity assets1

Multisector Bond / Income
STYLE

Bloomberg Barclays U.S. Aggregate Index
BENCHMARK
Jul. 1, 2017
INCEPTION

Philosophy

The Flexible Income strategy employs a high conviction, yield-oriented investment approach coupled with sector diversification and diligent risk management resulting in attractive risk-adjusted returns via high levels of income. The strategy will incorporate the best investment ideas available to Fort Washington, exploiting Fort Washington’s core competencies of bottom-up credit and structure analysis. The team believes risk monitoring, performance measurement, and active management are key components to achieving attractive risk-adjusted returns.

Strategy Facts

 
 Assets Under Management
 (As of 3/31/19)
 $166 million
 eVestment Universe U.S. Multi-Sector Fixed Income
 Investment Vehicle  Separate Account

Portfolio Construction

  • Minimum 50% Investment Grade rated securities
  • Allowable investments: Cash and Equivalents, Treasury Securities, Public Debt, Public Equity, Preferred Stock, Mutual Funds, ETFs, Closed-end Funds, Private Debt, Interest Rate Swaps/Futures, Credit Default Swaps (Indices/Single Names), VIX Futures
  • Typically 75–150 securities

Management

Daniel Carter

Daniel J. Carter, CFA

Vice President, Senior Portfolio Manager

Career Summary
Ohio Casualty Group
Provident Financial Group

Education 
BS - Miami University

Meet Daniel Carter
Austin Kummer

Austin R. Kummer, CFA

Assistant Vice President, Portfolio Manager

Career Summary
Fort Washington Investment Advisors, Inc.

Education 
BBA - Ohio University
MBA - Xavier University

Meet Austin Kummer
Timothy Policinski

Timothy J. Policinski, CFA

Managing Director, Senior Portfolio Manager

Career Summary
Lincoln National

Education 
BS - Indiana University
MSBA - Indiana University

Meet Timothy Policinski
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
man climbing glacier fixed income campaign

Understanding the Benefits & Risks of Non-Traditional Fixed Income Strategies

Many investors — including endowments and foundations, pension plans, and insurance companies — are increasingly turning to non-traditional approaches as a way to increase returns and yields without taking excessive risks.

Our latest white paper explains common multi-asset fixed income approaches, including Core, Core Plus, Multi-Sector, and Unconstrained fixed income strategies. A non-traditional fixed income allocation can complement Core and Core Plus strategies, act as a standalone fixed income solution for those wanting to add more portfolio risk, or serve as a substitute to equity strategies.

IMPORTANT DISCLOSURES
Fixed Income assets and Public Equity assets are managed across multiple Fort Washington portfolios.

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