U.S. large-cap equity
| Product |
4Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Principal Global Investors – REIT |
15.63% |
33.11% |
17.74% |
17.76% |
15.02% |
1.18 |
$7,965.9 |
Team |
Des Moines, IA |
| Chilton Capital Management LLC – REIT |
13.62% |
33.81% |
20.87% |
19.17% |
14.42% |
1.32 |
$286.8 |
Team |
Houston |
| Polen Capital Management – Large Cap Growth |
10.19% |
17.60% |
17.79% |
15.59% |
15.32% |
1.01 |
$5,362.8 |
Team |
Boca Raton, Fla. |
| Todd Asset Management LLC – Intrinsic Value Opportunity |
10.12% |
18.52% |
24.65% |
18.79% |
14.89% |
1.26 |
$354.5 |
Team |
Louisville, Ky. |
| Renaissance Investment Management – Large Cap Growth Equity Strategy Wrap |
9.81% |
21.43% |
25.03% |
17.11% |
17.33% |
0.98 |
$2,927.8 |
Michael Schroer |
Covington, Ky. |
| The London Company – Large Cap* |
7.86% |
17.85% |
20.30% |
18.19% |
11.72% |
1.54 |
$1,807.4 |
Team |
Richmond, Va. |
| PNC Capital Advisors, LLC – Advantage Growth Equity |
7.84% |
20.36% |
21.33% |
16.40% |
15.08% |
1.08 |
$456.0 |
Team |
Baltimore |
| Vulcan Value Partners – Large Cap |
7.48% |
15.03% |
26.01% |
19.08% |
14.45% |
1.31 |
$7,023.7 |
C.T. Fitzpatrick |
Birmingham, Ala. |
| Alta Capital Management – Large Cap Quality Growth |
7.26% |
12.39% |
23.12% |
15.88% |
14.76% |
1.07 |
$1,120.3 |
Michael Tempest |
Salt Lake City |
| Smith Group Asset Management – Large Cap Focused Growth |
7.26% |
13.96% |
20.73% |
17.41% |
16.59% |
1.04 |
$1,094.4 |
Team |
Dallas |
| Mount Lucas Management Corporation – MLM Focused Equity* |
7.16% |
13.41% |
23.92% |
17.14% |
19.51% |
0.87 |
$307.4 |
Team |
Newtown, Pa. |
| Morris Capital Advisors, Inc. – Large Cap Growth Equity Strategy |
7.12% |
14.84% |
21.98% |
16.94% |
13.78% |
1.22 |
$390.3 |
Team |
Malvern, Pa. |
| Cambridge Financial Group – Core Equity |
7.00% |
17.32% |
22.62% |
14.48% |
16.75% |
0.86 |
$193.5 |
Gregory J. Bauer |
Columbus, Ohio |
| People’s United Bank – High Confidence |
6.82% |
16.34% |
21.72% |
15.61% |
14.90% |
1.04 |
$700.5 |
John Conlon |
Bridgeport, Conn. |
| Coho Partners Ltd. – Coho Relative Value Equity |
6.75% |
15.01% |
19.87% |
17.24% |
11.84% |
1.45 |
$1,973.5 |
Team |
Berwyn, Pa. |
| S&P 500 |
4.93% |
13.69% |
20.42% |
15.46% |
14.41% |
1.07 |
|
|
|
U.S. midcap equity
| Product |
4Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Ariel Investments – Ariel Small/Mid Cap Value Wrap* |
10.71% |
13.94% |
24.63% |
17.59% |
22.49% |
0.78 |
$2,816.5 |
John W. Rogers Jr. |
Chicago |
| Kayne Anderson Rudnick LLC – Mid Cap Core* |
10.58% |
18.15% |
20.84% |
17.06% |
14.29% |
1.19 |
$136.1 |
Team |
Los Angeles |
| Great Lakes Advisors, LLC – SMidCap |
9.80% |
10.50% |
25.02% |
20.72% |
18.85% |
1.09 |
$398.8 |
Team |
Chicago |
| Riverbridge Partners – SMID Cap Growth |
9.67% |
3.91% |
17.54% |
18.98% |
13.48% |
1.40 |
$1,726.5 |
Team |
Minneapolis |
| Kayne Anderson Rudnick LLC – Small to Mid Cap Value Portfolio* |
9.66% |
8.87% |
18.10% |
17.36% |
13.89% |
1.24 |
$150.1 |
Team |
Los Angeles |
| Congress Asset Management – Mid Cap Growth (SMA)* |
9.54% |
13.05% |
19.88% |
21.94% |
16.37% |
1.33 |
$829.5 |
Team |
Boston |
| Eagle Asset Management – Small/Mid Cap Core – Retail |
9.27% |
3.84% |
18.52% |
13.64% |
17.19% |
0.79 |
$557.0 |
Team |
St. Petersburg, Fla. |
| Madison Investment Advisors, LLC – Mid-Cap Equity |
9.18% |
11.24% |
19.44% |
17.29% |
15.00% |
1.15 |
$1,275.4 |
Team |
Madison, Wis. |
| Janus Capital Management – Mid Cap Growth MA (Retail) |
8.53% |
13.13% |
21.02% |
16.70% |
16.09% |
1.03 |
$5,825.7 |
Brian Demain |
Denver |
| Kayne Anderson Rudnick LLC – Small to Mid Cap Portfolio* |
8.43% |
9.89% |
16.29% |
15.43% |
14.28% |
1.07 |
$712.8 |
Team |
Los Angeles |
| Robeco Investment Management Inc. – BP Mid Cap Value Equity |
8.37% |
14.38% |
24.55% |
19.64% |
17.79% |
1.10 |
$14,704.1 |
Stephen Pollack |
New York |
| Anchor Capital – Mid Cap Value Equity* |
8.20% |
11.47% |
16.68% |
13.32% |
11.30% |
1.17 |
$4,347.7 |
William P. Rice Jr. |
Boston |
| AllianceBernstein – Small to Mid Cap Value* |
7.91% |
10.97% |
23.74% |
17.86% |
20.24% |
0.88 |
$4,260.4 |
James W. MacGregor |
New York |
| Eagle Asset Management – Small/Mid Cap Core – Institutional |
7.80% |
8.87% |
19.22% |
15.96% |
17.80% |
0.89 |
$204.6 |
Team |
St. Petersburg, Fla. |
| Ariel Investments – Ariel Mid Cap Value Wrap* |
7.56% |
9.19% |
24.61% |
17.17% |
20.33% |
0.84 |
$3,094.8 |
Team |
Chicago |
| Russell Midcap |
5.94% |
13.22% |
21.40% |
17.19% |
16.59% |
1.03 |
|
|
|
U.S. small-cap equity
| Product |
4Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Kayne Anderson Rudnick LLC – Small Cap Growth* |
12.56% |
5.28% |
18.47% |
17.88% |
13.60% |
1.31 |
$301.7 |
Team |
Los Angeles |
| Kayne Anderson Rudnick LLC – Small Cap Quality Value* |
11.34% |
3.03% |
16.64% |
16.14% |
15.91% |
1.01 |
$1,833.2 |
Team |
Los Angeles |
| Chartwell Investment Partners – Small Cap Value |
11.22% |
7.75% |
19.95% |
17.72% |
17.55% |
1.00 |
$1,037.4 |
Team |
Berwyn, Pennsylvania |
| Timpani Capital Management – Small Cap Growth* |
11.14% |
0.91% |
23.85% |
18.11% |
22.00% |
0.82 |
$257.4 |
Brandon M. Nelson, CFA |
Milwaukee |
| Denver Investment Advisors (Westcore) – Small-Cap Value |
10.99% |
7.60% |
18.13% |
16.50% |
16.65% |
0.99 |
$1,812.4 |
Troy Dayton |
Denver |
| Palisade Capital Management, LLC – Small Cap Growth Equity |
10.80% |
3.32% |
20.05% |
19.48% |
20.82% |
0.93 |
$867.8 |
Sammy Oh |
Fort Lee, N.J. |
| Riverbridge Partners – Small Cap Growth |
10.76% |
-0.33% |
19.03% |
17.85% |
16.27% |
1.09 |
$2,840.2 |
Team |
Minneapolis |
| PNC Capital Advisors, LLC – Small Cap Portfolio |
10.61% |
4.46% |
22.74% |
19.85% |
18.01% |
1.10 |
$939.7 |
Team |
Baltimore |
| Rice Hall James & Associates, LLC – Small Cap Opportunities |
10.38% |
8.41% |
24.75% |
24.16% |
16.66% |
1.44 |
$433.8 |
Team |
San Diego |
| TCW Investment Management Company – TCW Small Cap Growth |
10.21% |
1.91% |
16.10% |
11.69% |
21.23% |
0.55 |
$222.7 |
Team |
Los Angeles |
| TAMRO Capital Management – Small Cap Equity |
10.12% |
1.56% |
15.67% |
14.83% |
19.58% |
0.75 |
$1,411.3 |
Team |
Alexandria, Va. |
| Atlanta Capital Management – High Quality Small Cap Core* |
10.07% |
3.30% |
17.80% |
17.77% |
16.07% |
1.10 |
$1,856.1 |
Team |
Atlanta |
| Conestoga Capital Advisors, LLC – Small Cap Growth |
9.87% |
-7.53% |
16.30% |
15.96% |
18.17% |
0.87 |
$1,628.7 |
Team |
Wayne, Pa. |
| The Boston Company Asset Management, LLC – Small Cap Growth* |
9.83% |
3.91% |
20.09% |
16.39% |
18.47% |
0.88 |
$464.1 |
Todd Wakefield |
Boston |
| Granite Investment Partners, LLC – Small Cap Core Equity* |
9.81% |
5.62% |
23.14% |
22.13% |
21.93% |
1.01 |
$165.6 |
Team |
El Segundo, Calif. |
| Russell 2000 |
9.73% |
4.89% |
19.21% |
15.55% |
18.96% |
0.82 |
|
|
|
International, global, emerging-markets equity
| Product |
4Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Capstone Asset Management Company – Global Equity Income |
4.48% |
9.63% |
13.71% |
12.30% |
12.19% |
1.00 |
$265.7 |
John Wolf |
Houston |
| Aristotle Capital Management, LLC – Value Equity |
3.94% |
11.66% |
21.26% |
15.52% |
14.82% |
1.04 |
$7,146.7 |
Howard Gleicher |
Los Angeles |
| Lazard Asset Management – Global Equity Select ADR – SMA |
2.84% |
4.16% |
16.43% |
11.31% |
14.83% |
0.76 |
$2,618.6 |
Team |
New York |
| Legg Mason, Inc. – Legg Mason MDA 7A Global All Cap* |
2.67% |
10.43% |
21.21% |
14.77% |
16.95% |
0.87 |
$256.4 |
Team |
Baltimore |
| WCM Investment Management – Quality Global Growth Equity |
2.34% |
1.03% |
14.55% |
13.66% |
14.67% |
0.93 |
$679.9 |
Team |
Milwaukee |
| Legg Mason, Inc. – Legg Mason MDA4 Global Multi Cap Growth* |
2.33% |
10.54% |
22.18% |
15.39% |
16.82% |
0.91 |
$126.8 |
Team |
Baltimore |
| AllianceBernstein – Global Value Equity ADR* |
2.23% |
7.37% |
19.12% |
9.57% |
18.29% |
0.52 |
$2,030.0 |
Kevin Simms |
New York |
| Capital Group – Capital Group PCS Global Equity Composite* |
1.79% |
4.37% |
16.04% |
10.44% |
14.05% |
0.74 |
$6,282.3 |
Team |
Los Angeles |
| McKinley Capital Management, LLC – International Non-U.S. Growth |
1.35% |
2.85% |
12.65% |
6.65% |
16.66% |
0.39 |
$2,639.5 |
Team |
Anchorage, Ala. |
| Harding Loevner – Global Equity ADR |
0.86% |
6.34% |
15.08% |
9.54% |
15.94% |
0.59 |
$130.3 |
Team |
Bridgewater, N.J. |
| WCM Investment Management – International Focused Growth |
0.40% |
1.07% |
12.20% |
11.12% |
16.05% |
0.69 |
$4,770.8 |
Team |
Milwaukee |
| Scout Investments – International ADR |
-0.31% |
-2.94% |
10.86% |
6.76% |
17.13% |
0.39 |
$368.6 |
Team |
Kansas City, Miss. |
| Invesco – International ADR Growth SMA/WRAP |
-0.36% |
2.61% |
12.16% |
8.75% |
14.87% |
0.58 |
$5,103.3 |
Team |
Atlanta |
| Harding Loevner – International Equity ADR |
-1.01% |
-0.17% |
11.20% |
7.58% |
16.26% |
0.46 |
$6,807.4 |
Team |
Bridgewater, N.J. |
| Capital Group – Capital Group PCS Non-U.S. Equity Composite |
-1.11% |
-2.78% |
11.47% |
7.37% |
13.98% |
0.52 |
$3,192.6 |
|
Los Angeles |
| Russell Dev ex North America Large Cap |
-3.29% |
-4.54% |
11.54% |
5.67% |
17.22% |
0.32 |
|
|
|
| Russell Dev Large Cap |
1.22% |
5.16% |
15.88% |
10.53% |
15.33% |
0.68 |
|
|
|
| Russell Emerging Markets Large Cap |
-4.66% |
-2.00% |
4.59% |
2.41% |
17.97% |
0.13 |
|
|
|
U.S. fixed income
| Product |
4Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Principal Global Investors – Spectrum Preferred Securities |
2.80% |
16.48% |
9.41% |
9.24% |
7.96% |
1.15 |
$14,606.3 |
Team |
Des Moines, IA |
| Delaware Investments – Aggregate Duration U.S. Government |
2.32% |
6.41% |
1.85% |
4.01% |
3.73% |
1.05 |
$159.9 |
Team |
Philadelphia |
| EARNEST Partners – Core Fixed Income |
2.21% |
7.26% |
3.51% |
5.30% |
3.13% |
1.67 |
$1,813.0 |
Team |
Atlanta |
| Boyd Watterson Asset Management, LLC – Ultra Enhanced Core Fixed Income – Wrap* |
2.02% |
6.33% |
3.59% |
5.05% |
2.57% |
1.93 |
$389.4 |
David Dirk |
Cleveland |
| Segall Bryant & Hamill – Core Fixed Income |
1.90% |
6.55% |
2.92% |
4.69% |
3.22% |
1.43 |
$1,645.0 |
Team |
Chicago |
| McDonnell Investment Management – Government/Credit* |
1.82% |
5.82% |
2.81% |
5.08% |
3.91% |
1.28 |
$741.0 |
Team |
Oak Brook, IL |
| McDonnell Investment Management – Core Aggregate* |
1.78% |
5.84% |
2.37% |
4.38% |
3.28% |
1.31 |
$739.0 |
Team |
Oak Brook, IL |
| Seix Investment Advisors LLC – Core Bond* |
1.77% |
5.70% |
1.92% |
4.28% |
4.12% |
1.02 |
$1,286.6 |
Team |
Upper Saddle River, N.J. |
| Seix Investment Advisors LLC – Core Plus Bond* |
1.70% |
5.61% |
2.10% |
4.43% |
4.13% |
1.05 |
$2,651.0 |
Team |
Upper Saddle River, N.J. |
| C.S. McKee, LP – Aggregate Fixed Income |
1.65% |
5.76% |
3.00% |
4.91% |
2.79% |
1.73 |
$3,438.4 |
Team |
Pittsburgh, Pa. |
| PNC Capital Advisors, LLC – Core Fixed |
1.57% |
5.76% |
3.11% |
4.53% |
2.67% |
1.66 |
$1,477.8 |
Team |
Baltimore |
| Cincinnati Asset Management – Investment Grade Fixed Income |
1.55% |
7.69% |
5.01% |
6.91% |
4.41% |
1.55 |
$1,353.4 |
Team Approach |
Cincinnati |
| Pacific Income Advisers – Market Duration MACS* |
1.54% |
5.93% |
2.84% |
4.45% |
3.34% |
1.31 |
$176.0 |
Team |
Santa Monica, Calif. |
| Delaware Investments – Intermediate Aggregate Duration U.S. Government |
1.50% |
4.35% |
1.50% |
3.26% |
2.65% |
1.20 |
$551.9 |
Team |
Philadelphia |
| Sage Advisory Services – Core Government Credit Fixed Income* |
1.48% |
5.57% |
2.96% |
4.79% |
3.17% |
1.48 |
$308.9 |
Team |
Austin, Texas |
| Barclays Aggregate |
1.79% |
5.96% |
2.66% |
4.45% |
3.03% |
1.44 |
|
|
|
U.S. municipals
| Product |
4Q return |
1-year return |
3-year return |
5-year return |
5-year std dev |
5-year Sharpe ratio |
Assets ($M) |
Manager |
Location |
| Lord, Abbett & Co. LLC – Long Municipal MA |
2.18% |
12.74% |
5.46% |
6.24% |
5.92% |
1.04 |
$3,902.8 |
Daniel S. Solender |
Jersey City, N.J. |
| Eaton Vance – Long Municipal Bonds |
2.08% |
12.60% |
6.01% |
6.20% |
5.38% |
1.14 |
$12,796.5 |
James H. Evans |
Boston |
| Wasmer, Schroeder & Company, Inc. – Strategic Tax Exempt Fixed Income |
2.05% |
12.82% |
6.41% |
6.84% |
5.38% |
1.26 |
$246.4 |
Team |
Naples, Fla. |
| Sit Investment Associates, Inc. – U.S. Tax Exempt Fixed Income Intermediate |
2.00% |
11.51% |
5.62% |
6.38% |
4.19% |
1.50 |
$610.2 |
Team |
Minneapolis |
| GW&K Investment Management – Municipal Enhanced Yield Strategy |
1.99% |
14.64% |
6.60% |
7.11% |
6.48% |
1.08 |
$137.5 |
Team |
Boston |
| Nuveen Asset Management – Long Municipal Bond* |
1.58% |
12.13% |
5.50% |
5.95% |
5.71% |
1.03 |
$2,168.3 |
Team |
Chicago |
| Sage Advisory Services – Core Municipal Fixed Income* |
1.43% |
9.02% |
4.30% |
5.06% |
4.13% |
1.21 |
$170.1 |
Team |
Austin, Texas |
| BlackRock – Long-Term Municipal Fixed Income |
1.22% |
8.50% |
3.99% |
5.26% |
4.58% |
1.13 |
$1,399.0 |
Team |
Wilmington, Del. |
| McDonnell Investment Management – Medium Duration Municipal Bond* |
1.22% |
7.61% |
3.46% |
5.11% |
4.00% |
1.26 |
$5,267.0 |
Team |
Oak Brook, IL |
| AllianceBernstein – Tax Aware Fixed Income (MA)* |
1.19% |
7.91% |
4.38% |
5.94% |
3.73% |
1.57 |
$1,996.5 |
Guy Davidson |
New York |
| Cumberland Advisors – Tax-Free Municipal Fixed Income |
1.19% |
9.13% |
4.19% |
4.96% |
4.13% |
1.18 |
$692.8 |
Team |
Sarasota, Fla. |
| Belle Haven Investments – MuniPLUS |
1.13% |
7.53% |
4.35% |
5.51% |
2.72% |
2.00 |
$580.1 |
Team |
White Plains, N.Y. |
| GW&K Investment Management – Municipal Bond Strategy |
1.13% |
7.68% |
3.77% |
5.56% |
4.24% |
1.29 |
$13,070.0 |
Team |
Boston |
| Lord, Abbett & Co. LLC – Intermediate Municipal MA |
1.10% |
7.78% |
3.37% |
5.12% |
3.96% |
1.27 |
$2,068.4 |
Daniel S. Solender |
Jersey City, N.J. |
| Thornburg Investment Management, Inc. – Thornburg Intermediate Term Municipal* |
1.07% |
7.39% |
4.52% |
5.43% |
3.25% |
1.64 |
$1,824.0 |
Team |
Santa Fe, N.M. |
| Barclays Municipal Bond |
1.37% |
9.05% |
4.30% |
5.16% |
4.09% |
1.24 |
|
|
|
*Preliminary. The separately managed account products listed in these tables generated the highest performance for the quarter ended Dec. 31. Rankings are based on performance reported to the PrimaGuide research application by Jan. 23. 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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