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Intermediate Fixed Income Strategy

The strategy seeks to outperform the Bloomberg Barclays U.S. Intermediate 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
Intermediate Fixed Income
STYLE
Bloomberg Barclays U.S. Intermediate Aggregate
BENCHMARK
Jan. 1, 2006
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 U.S. government issued securities) 
  • Maximum of 30% in non-investment grade security exposure
  • Maximum of 5% in emerging markets exposure 

Strategy Facts

As of 9/30/2019
 Assets Under Management
$627 million
 eVestment Universe U.S. Intermediate Duration Fixed Income
 Investment Vehicle Separate Account

 

Management

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
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

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