U.S. large-cap equity
| Product |
3Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Mellon Capital Management – Large Cap Growth Strategy |
3.53% |
26.02% |
25.87% |
18.57% |
15.46% |
1.2 |
$1,265.0 |
Team |
Pittsburgh |
| Legg Mason, Inc. – ClearBridge Large Cap Growth ESG SMA |
3.46% |
20.55% |
25.40% |
16.44% |
15.12% |
1.08 |
$285.2 |
Team |
Baltimore |
| Sands Capital Management, LLC – Large Capitalization Growth |
3.39% |
16.12% |
26.94% |
22.28% |
18.65% |
1.19 |
$33,571.3 |
Team |
Arlington, Va. |
| Legg Mason, Inc. – ClearBridge Large Cap Growth – SMA |
2.91% |
20.91% |
26.35% |
16.89% |
15.80% |
1.06 |
$6,600.6 |
Team |
Baltimore |
| Rainier Investment Management – US Large Cap Growth Equity |
2.77% |
17.44% |
21.64% |
15.29% |
16.93% |
0.9 |
$1,757.8 |
Team |
Seattle |
| Banyan Partners, LLC – Large Cap Growth |
2.67% |
21.02% |
20.36% |
13.33% |
16.67% |
0.79 |
$132.5 |
Team |
Plano, Texas |
| Principal Global Investors – Large Cap Growth |
2.67% |
17.74% |
22.77% |
15.81% |
15.91% |
0.99 |
$10,833.4 |
Team |
Des Moines, Iowa |
| Janus Capital Management – Concentrated Growth MA (Retail) |
2.65% |
15.12% |
22.18% |
12.78% |
15.69% |
0.81 |
$5,015.8 |
Douglas Rao |
Denver |
| ACR Alpine Capital Research – Equity Quality Return |
2.50% |
16.31% |
19.92% |
15.51% |
10.87% |
1.42 |
$1,615.5 |
Team |
St. Louis |
| Deutsche Asset & Wealth Management – U.S. Large Cap Quality Growth |
2.50% |
20.83% |
23.42% |
15.55% |
16.87% |
0.92 |
$2,895.3 |
Team |
New York |
| Eagle Asset Management – Large Cap Core – Retail |
2.48% |
23.58% |
24.73% |
15.50% |
14.52% |
1.06 |
$457.2 |
Team |
St. Petersburg, Fla. |
| Golden Capital Management, LLC – Large Cap Core |
2.47% |
23.57% |
27.34% |
16.67% |
15.84% |
1.05 |
$1,417.9 |
Jeff C. Moser |
Charlotte, N.C. |
| Todd Asset Management LLC – Intrinsic Value Opportunity |
2.30% |
19.39% |
25.01% |
18.39% |
14.77% |
1.24 |
$321.5 |
Team |
Louisville, Ky. |
| Seizert Capital Partners, LLC – Large Cap Core |
2.21% |
22.09% |
23.98% |
16.79% |
14.80% |
1.13 |
$1,301.9 |
Team |
Birminhgam, MI |
| The London Company – Income Equity |
2.15% |
20.24% |
21.72% |
17.89% |
10.05% |
1.77 |
$1,638.2 |
Team |
Richmond, Va. |
| S&P 500 |
1.13% |
19.74% |
23.00% |
15.70% |
14.43% |
1.08 |
|
|
|
U.S. midcap equity
| Product |
3Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Kayne Anderson Rudnick LLC – Mid Cap Core* |
2.36% |
16.21% |
21.35% |
15.89% |
13.99% |
1.13 |
$137.6 |
Team |
Los Angeles |
| Advisory Research – Advisory Research Master Limited Partnerships |
1.06% |
28.52% |
24.33% |
25.11% |
14.69% |
1.7 |
$4,883.5 |
Team |
Chicago |
| Congress Asset Management – Mid Cap Growth (SMA)* |
0.50% |
12.89% |
21.75% |
20.86% |
16.25% |
1.28 |
$736.1 |
Team |
Boston |
| Eagle Asset Management – Mid Cap Growth – Institutional |
0.48% |
18.69% |
24.39% |
18.08% |
18.84% |
0.95 |
$888.5 |
Team |
St. Petersburg, Fla. |
| Eagle Asset Management – Mid Cap Growth – Retail |
0.24% |
17.93% |
23.56% |
17.38% |
18.60% |
0.93 |
$343.8 |
Team |
St. Petersburg, Fla. |
| Federated Investors Inc. – MDT Mid Cap Growth |
-0.14% |
16.65% |
26.01% |
22.61% |
16.44% |
1.37 |
$515.7 |
Team |
Pittsburgh |
| Denver Investment Advisors (Westcore) – Concentrated Mid Cap Growth |
-0.22% |
9.87% |
15.34% |
12.00% |
22.32% |
0.53 |
$107.0 |
Mitch Begun |
Denver |
| Fred Alger Management, Inc. – Mid Cap Growth |
-0.33% |
15.67% |
23.99% |
15.02% |
18.85% |
0.79 |
$564.8 |
Team |
New York |
| Apex Capital Management – Small/Mid Cap Growth |
-0.39% |
17.54% |
27.33% |
20.57% |
19.67% |
1.04 |
$4,122.4 |
Team |
Dayton, Ohio |
| Janus Capital Management – Mid Cap Growth MA (Retail) |
-0.39% |
13.79% |
21.50% |
16.50% |
16.04% |
1.02 |
$5,339.7 |
Brian Demain |
Denver |
| TCW Investment Management Company – TCW Growth Equities |
-0.58% |
6.34% |
17.42% |
13.53% |
18.72% |
0.72 |
$255.2 |
Team |
Los Angeles |
| Geneva Capital Management – Mid Cap Equity |
-0.73% |
5.59% |
18.01% |
16.27% |
15.74% |
1.03 |
$4,034.4 |
Team |
Milwaukee |
| Oak Ridge Investments – Mid Cap Growth |
-0.88% |
7.81% |
18.43% |
15.76% |
16.41% |
0.95 |
$181.0 |
Team |
Chicago |
| Nuveen Asset Management – Mid Cap Growth Opportunities* |
-1.52% |
14.60% |
21.43% |
17.62% |
18.14% |
0.97 |
$1,506.0 |
Team |
Chicago |
| Baird Investment Management – Mid Cap Growth |
-1.58% |
9.60% |
22.45% |
17.98% |
15.88% |
1.13 |
$2,052.1 |
Team |
Milwaukee |
| Russell Midcap |
-1.66% |
15.84% |
23.80% |
17.19% |
16.59% |
1.03 |
|
|
|
U.S. small-cap equity
| Product |
3Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Lee Munder Capital Group – Small Cap Growth |
-1.02% |
10.53% |
27.08% |
18.19% |
20.83% |
0.87 |
$136.7 |
Andrew Morey |
Boston |
| Rice Hall James & Associates, LLC – Small Cap Opportunities |
-1.52% |
5.90% |
26.59% |
22.65% |
16.55% |
1.36 |
$287.1 |
Team |
San Diego, CA |
| Steinberg Asset Management, LLC – Small-Cap Value Equity |
-1.83% |
14.03% |
21.26% |
17.09% |
16.15% |
1.05 |
$155.3 |
Michael A. Steinberg |
New York |
| Scout Investments – Scout Small Cap |
-1.96% |
7.85% |
24.39% |
15.77% |
18.88% |
0.83 |
$253.1 |
Team |
Kansas City, Missouri |
| Montibus Capital Management LLC – Small Cap Growth Strategy |
-2.36% |
5.90% |
21.74% |
16.97% |
21.10% |
0.8 |
$776.6 |
Team |
San Francisco, CA |
| Kayne Anderson Rudnick LLC – Small Cap Core* |
-2.67% |
6.30% |
17.66% |
16.50% |
13.72% |
1.2 |
$2,104.1 |
Team |
Los Angeles |
| Eagle Asset Management – Small Cap Growth – Retail |
-3.10% |
4.87% |
19.23% |
16.71% |
19.29% |
0.86 |
$8,800.9 |
Team |
St. Petersburg, Fla. |
| Atlanta Capital Management – High Quality SMID |
-3.27% |
7.50% |
22.55% |
16.76% |
16.97% |
0.98 |
$7,128.1 |
Team |
Atlanta |
| Apex Capital Management – Small Cap Growth |
-3.57% |
10.88% |
25.36% |
21.36% |
18.72% |
1.14 |
$537.7 |
Team |
Dayton, Ohio |
| Ariel Investments – Ariel Small Cap Value Wrap |
-3.61% |
13.40% |
26.46% |
16.28% |
23.30% |
0.69 |
$1,148.1 |
John W. Rogers, Jr. |
Chicago |
| ClearBridge Investments – ClearBridge Small Cap Growth |
-3.61% |
3.61% |
25.55% |
18.46% |
19.61% |
0.94 |
$4,063.9 |
Team |
New York |
| EARNEST Partners – Small Cap Core |
-3.66% |
8.31% |
24.39% |
15.38% |
18.35% |
0.83 |
$171.0 |
Paul Viera |
Atlanta |
| Kayne Anderson Rudnick LLC – Small Cap Growth* |
-3.81% |
2.22% |
17.92% |
16.21% |
13.03% |
1.24 |
$275.5 |
Team |
Los Angeles |
| Brandywine Global Investment Management – Small Cap Value Equity |
-4.38% |
6.37% |
20.63% |
15.33% |
14.97% |
1.02 |
$929.5 |
Team |
Philadelphia |
| O’Shaughnessy Asset Management – Small Cap Growth |
-4.48% |
9.19% |
25.23% |
14.09% |
21.63% |
0.65 |
$151.1 |
Team |
Stamford, Conn. |
| Russell 2000 |
-7.36% |
3.93% |
21.26% |
14.29% |
18.77% |
0.76 |
|
|
|
International, global, emerging-markets equity
| Product |
3Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Legg Mason, Inc. – Legg Mason MDA 7A Global All Cap |
0.30% |
17.63% |
24.37% |
15.49% |
16.96% |
0.91 |
$229.9 |
Team |
Baltimore |
| WCM Investment Management – Quality Global Growth Equity |
0.20% |
8.97% |
17.61% |
14.36% |
14.69% |
0.97 |
$661.7 |
Team |
Milwaukee |
| Legg Mason, Inc. – Legg Mason MDA4 Global Multi Cap Growth |
0.18% |
18.43% |
25.14% |
16.37% |
16.84% |
0.97 |
$116.1 |
Team |
Baltimore |
| Harding Loevner – Global Equity ADR |
-0.15% |
14.11% |
17.31% |
10.52% |
15.97% |
0.65 |
$128.7 |
Team |
Bridgewater, N.J. |
| Capital Group – Capital Group PCS Global Equity Composite* |
-1.05% |
11.08% |
18.07% |
11.38% |
14.12% |
0.8 |
$6,282.3 |
|
Los Angeles |
| Thornburg Investment Management, Inc. – Thornburg International Equity* |
-1.68% |
0.87% |
11.29% |
6.76% |
15.86% |
0.42 |
$23,891.3 |
Team |
Santa Fe, NM |
| Aristotle Capital Management, LLC – Value Equity* |
-1.85% |
16.79% |
23.63% |
15.97% |
14.84% |
1.07 |
$6,704.4 |
Howard Gleicher |
Los Angeles |
| Lazard Asset Management – Global Equity Select ADR – SMA |
-1.90% |
10.54% |
18.34% |
11.47% |
14.83% |
0.77 |
$2,638.9 |
Team |
New York |
| Fisher Investments Institutional Group – Emerging Markets Equity* |
-2.09% |
10.33% |
11.13% |
8.09% |
19.75% |
0.4 |
$7,163.1 |
Team |
Woodside, Calif. |
| Capstone Asset Management Company – Global Equity Income |
-2.30% |
12.81% |
16.03% |
12.84% |
12.31% |
1.03 |
$249.2 |
John Wolf |
Houston |
| Todd Asset Management LLC – International Intrinsic Value |
-2.92% |
9.22% |
16.74% |
9.90% |
17.77% |
0.55 |
$844.6 |
Team |
Louisville, KY |
| Legg Mason, Inc. – ClearBridge International Growth ADR SMA |
-3.11% |
6.22% |
16.56% |
8.81% |
17.15% |
0.51 |
$570.8 |
Team |
Baltimore |
| AllianceBernstein – Global Value Equity ADR* |
-3.16% |
15.18% |
21.24% |
9.95% |
18.30% |
0.54 |
$2,034.9 |
Kevin Simms |
New York |
| Navellier & Associates – International Growth |
-3.17% |
7.22% |
16.92% |
9.49% |
16.89% |
0.56 |
$100.8 |
Team |
Reno, Nev. |
| Tradewinds Global Investors, LLC – Global ADR* |
-3.24% |
11.23% |
8.76% |
8.42% |
13.38% |
0.62 |
$227.3 |
Emily Alejos |
Los Angeles |
| Russell Dev ex North America Large Cap |
-6.01% |
4.67% |
14.03% |
6.86% |
17.05% |
0.4 |
|
|
|
| Russell Dev Large Cap |
-2.34% |
12.36% |
18.32% |
11.17% |
15.33% |
0.72 |
|
|
|
| Russell Emerging Markets Large Cap |
-3.41% |
5.04% |
7.65% |
5.08% |
18.06% |
0.28 |
|
|
|
U.S. fixed income
| Product |
3Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Belle Haven Investments – Ladder Plus |
1.13% |
5.18% |
3.53% |
4.05% |
2.40% |
1.65 |
$856.9 |
Team |
White Plains, N.Y. |
| Cumberland Advisors – Taxable Fixed Income |
1.09% |
6.84% |
3.89% |
6.06% |
4.87% |
1.22 |
$215.9 |
Team |
Sarasota, Fla. |
| Principal Global Investors – Spectrum Preferred Securities |
0.75% |
13.18% |
9.03% |
9.39% |
7.97% |
1.17 |
$14,244.7 |
Team |
Des Moines, IA |
| Delaware Investments – Aggregate Duration U.S. Government |
0.48% |
3.20% |
1.35% |
3.46% |
3.72% |
0.9 |
$160.0 |
Team |
Philadelphia |
| EARNEST Partners – Core Fixed Income |
0.47% |
4.60% |
3.34% |
4.84% |
3.15% |
1.51 |
$1,810.0 |
Team |
Atlanta |
| Missouri Valley Partners Inc. – Core Fixed* |
0.37% |
4.20% |
2.59% |
4.42% |
3.37% |
1.29 |
$260.1 |
Team |
St. Louis, Missouri |
| Segall Bryant & Hamill – Core Fixed Income |
0.35% |
4.54% |
2.64% |
4.33% |
3.23% |
1.31 |
$1,624.0 |
Team |
Chicago |
| Ferguson Wellman Capital Mgmt – Core Fixed |
0.30% |
4.22% |
2.78% |
4.07% |
2.72% |
1.46 |
$310.0 |
Team |
Portland |
| Kayne Anderson Rudnick LLC – Intermediate Total Return* |
0.26% |
3.49% |
2.31% |
3.58% |
2.83% |
1.23 |
$125.5 |
Kimberly C. Friedricks |
Los Angeles |
| C.S. McKee, LP – Aggregate Fixed Income |
0.25% |
4.12% |
3.00% |
4.63% |
2.81% |
1.62 |
$3,133.2 |
Team |
Pittsburgh |
| Thornburg Investment Management, Inc. – Thornburg Limited Term Income* |
0.25% |
4.48% |
4.65% |
5.54% |
2.38% |
2.29 |
$3,284.2 |
Team |
Santa Fe, NM |
| Breckinridge Capital Advisors, Inc. – Intermediate-Term Taxable Bond Strategy |
0.23% |
3.16% |
2.48% |
4.15% |
3.54% |
1.15 |
$406.8 |
Team |
Boston |
| Delaware Investments – Intermediate Aggregate Duration U.S. Government |
0.23% |
2.25% |
1.21% |
3.00% |
2.64% |
1.1 |
$554.2 |
Team |
Philadelphia |
| Manning & Napier Advisors, LLC – Intermediate Term Fixed Income* |
0.22% |
3.76% |
3.03% |
4.39% |
2.57% |
1.67 |
$206.3 |
Jack Bauer |
Fairport, N.Y. |
| Lazard Asset Management – U.S. Short Duration Fixed Income |
0.21% |
1.02% |
1.22% |
1.87% |
0.82% |
2.17 |
$530.6 |
Team |
New York |
| Barclays Aggregate |
0.16% |
3.95% |
2.43% |
4.12% |
3.03% |
1.33 |
|
|
|
U.S. municipals
| Product |
3Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| GW&K Investment Management – Municipal Enhanced Yield Strategy |
2.57% |
13.30% |
6.75% |
6.27% |
6.69% |
0.92 |
$120.5 |
Team |
Boston |
| Eaton Vance – Long Municipal Bonds |
2.31% |
10.84% |
6.11% |
5.37% |
5.58% |
0.95 |
$12,796.5 |
James H. Evans |
Boston |
| Nuveen Asset Management – Long Municipal Bond |
2.29% |
10.98% |
5.71% |
5.26% |
5.88% |
0.88 |
$47,629.0 |
Team |
Chicago |
| Lord, Abbett & Co. LLC – Long Municipal MA |
2.28% |
10.76% |
5.59% |
5.44% |
6.08% |
0.88 |
$3,882.0 |
Daniel S. Solender |
Jersey City, N.J. |
| Wasmer, Schroeder & Company, Inc. – Strategic Tax Exempt Fixed Income |
2.20% |
11.38% |
6.63% |
6.32% |
5.46% |
1.14 |
$222.5 |
Team |
Naples, Fla. |
| Sit Investment Associates, Inc. – U.S. Tax Exempt Fixed Income Intermediate |
1.92% |
10.11% |
5.61% |
5.94% |
4.25% |
1.38 |
$606.6 |
Team |
Minneapolis, MN |
| Belle Haven Investments – MuniPLUS |
1.61% |
7.04% |
4.76% |
5.29% |
2.78% |
1.87 |
$561.9 |
Team |
White Plains, N.Y. |
| Thornburg Investment Management, Inc. – Thornburg Intermediate Term Municipal* |
1.54% |
6.75% |
4.97% |
5.11% |
3.35% |
1.5 |
$1,743.6 |
Team |
Santa Fe, NM |
| McDonnell Investment Management – Medium Duration Municipal Bond |
1.42% |
6.40% |
4.07% |
4.52% |
4.19% |
1.06 |
$5,328.0 |
Team |
Oak Brook, IL |
| Cumberland Advisors – Tax-Free Municipal Fixed Income |
1.41% |
8.30% |
4.50% |
4.51% |
4.24% |
1.04 |
$664.5 |
Team |
Sarasota, Fla. |
| GW&K Investment Management – Municipal Bond Strategy |
1.36% |
6.67% |
4.54% |
4.98% |
4.45% |
1.1 |
$12,513.3 |
Team |
Boston |
| Lord, Abbett & Co. LLC – Intermediate Municipal MA* |
1.36% |
6.63% |
4.06% |
4.58% |
4.15% |
1.08 |
$1,971.5 |
Daniel S. Solender |
Jersey City, N.J. |
| Nuveen Asset Management – Intermediate Term High-Quality Municipal Bond |
1.29% |
6.28% |
3.83% |
4.25% |
3.90% |
1.06 |
$8,964.5 |
Team |
Chicago |
| AllianceBernstein – Tax Aware Fixed Income (MA)* |
1.20% |
7.05% |
4.65% |
5.64% |
3.81% |
1.45 |
$2,692.7 |
Guy Davidson |
New York |
| Eagle Asset Management – High Quality Tax-Free – Retail |
1.14% |
5.11% |
3.18% |
3.83% |
3.50% |
1.07 |
$1,305.0 |
Team |
St. Petersburg, Fla. |
| Barclays Municipal Bond |
1.49% |
7.93% |
4.56% |
4.67% |
4.21% |
1.09 |
|
|
|
*Preliminary. The separately managed account products listed in these tables generated the highest performance for the quarter ended Sept. 30. Rankings are based on performance reported to the PrimaGuide research application by Oct. 27. In case of ties, products are listed alphabetically. Past performance is not guarantee of future results, and advisers should rely on additional factors when determining whether to include SMAs in their client portfolios. The PrimaGuide SMA universe isn’t intended to be all-inclusive but rather represents a diversified group of products that are available to, and suitable for, the affluent retail investor.
Source: Envestnet
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