Fort Washington Investment Advisors high yield fixed income strategy invests in higher quality segments of the high yield fixed income market. We believe this offers the best alignment of risk and return, which provides the most favorable opportunity to outperform over a full market cycle while maximizing risk-adjusted returns.
Our process narrows the universe of available securities into a group of credits with attractive risk-return relationships. We de-emphasize sectors with unfavorable risk-return relationships and do not buy securities rated CCC or below. Credit selection is led by our seasoned portfolio manager and our specialized team of credit research analysts. The high yield fixed income strategy's larger positions are generally composed of well-capitalized companies with proven business models and relatively strong credit ratings.
With a portfolio of higher quality credits, high yield fixed income strategy seeks to outperform over a full market cycle by protecting principal in phases of market decline while providing a stable base of income across all periods. The team's goal is to reduce volatility by investing in credits with relatively lower default risks.