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institutional asset management > fixed income > high yield

Fixed Income cash management core fixed income active fixed income high yield tax-free ultra short duration Public Equity large cap value relative value small cap growth Our Professionals business development & client service fixed income research public equity research cash management ultra short duration core fixed income active fixed income high yield small cap growth	Philosophy We invest 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. Process Fort Washington's High Yield Fixed Income 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. Fort Washington's High Yield Fixed Income larger positions are generally comprised of well-capitalized companies with proven business models and relatively strong credit ratings. Objective With a portfolio of higher quality credits, Fort Washington's High Yield Fixed Income 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. We reduce volatility by investing in credits with relatively lower default risks.		Quick Links -- please select -- Corporate Leadership Contact Us Media Center Sitemap Related Links High Yield Professionals Fact Sheet (PDF: 353k) Manager Commentary (PDF: 145k)

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