Separately managed accounts
U.S. large-cap equity Product 2Q return 1-year return 3-year return 5-year…
U.S. large-cap equity
| Product | 2Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| O’Shaughnessy Asset Management – Market Leaders Value | 6.72% | 26.63% | 19.71% | 14.52% | 27.26% | 0.52 | $1,695.9 | Team | Stamford, Conn. |
| Diamond Hill Capital Management Inc. – Large Cap Value | 6.43% | 29.19% | 18.93% | 7.57% | 22.71% | 0.32 | $5,032.0 | Team | Columbus, Ohio |
| Robeco Investment Management Inc. – BP Large Cap Value | 5.84% | 29.35% | 20.38% | 10.16% | 22.48% | 0.44 | $15,509.4 | Team | New York |
| Northern Trust Global Investments – Large Cap Value Equity | 5.80% | 26.33% | 17.16% | 8.44% | 22.59% | 0.36 | $947.7 | Team | West Palm Beach, Fla. |
| Confluence Investment Management LLC – Large Cap | 5.63% | 25.31% | 20.51% | 11.25% | 20.18% | 0.54 | $195.0 | Team | St. Louis |
| NWQ Investment Management Co. – Large Cap Value* | 5.07% | 23.38% | 13.11% | 4.16% | 23.42% | 0.17 | $9,388.2 | Team | Los Angeles |
| ACR Alpine Capital Research – Equity Quality Return | 4.97% | 23.18% | 17.74% | 14.26% | 16.73% | 0.84 | $804.8 | Team | St. Louis |
| Zacks Investment Management – Dividend | 4.93% | 25.81% | 22.34% | 9.65% | 20.16% | 0.46 | $737.1 | Team | Chicago |
| Abner Herrman & Brock Asset Management – Large-Cap Core | 4.92% | 22.06% | 17.76% | 7.89% | 18.44% | 0.41 | $104.4 | Team | Jersey City, N.J. |
| Victory Capital Management Inc. – Diversified Equity | 4.81% | 25.78% | 17.26% | 4.45% | 23.14% | 0.18 | $6,030.6 | Team | Brooklyn, Ohio |
| Horizon Asset Management LLC – Large Cap Core | 4.80% | 31.27% | 19.05% | 5.22% | 26.10% | 0.19 | $332.0 | Murray Stahl | New York |
| HGK Asset Management Inc. – Large Cap Value | 4.76% | 25.22% | 18.06% | 6.67% | 21.44% | 0.30 | $2,903.2 | Michael Pendergast | Jersey City, N.J. |
| Invesco – Van Kampen Large Cap Value SMA/WRAP | 4.73% | 28.56% | 19.54% | 9.41% | 21.61% | 0.42 | $481.0 | Team | Atlanta |
| Seizert Capital Partners LLC – Large Cap Core* | 4.65% | 25.48% | 17.41% | 7.19% | 22.03% | 0.31 | $1,132.8 | Team | Birminhgam, Mich. |
| Golden Capital Management LLC – Large Cap Core | 4.50% | 22.77% | 19.00% | 7.20% | 20.73% | 0.33 | $1,011.3 | Jeff C. Moser | Charlotte, N.C. |
| S&P 500 | 2.92% | 20.61% | 18.45% | 7.01% | 21.52% | 0.31 |
U.S. midcap equity
| Product | 2Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Seizert Capital Partners LLC – Mid Cap Core* | 7.95% | 45.82% | 23.46% | 12.93% | 26.16% | 0.48 | $1,820.2 | Team | Birminhgam, Mich. |
| Neuberger Berman – Rachlin MLP Portfolio* | 6.74% | 34.65% | 22.84% | 18.88% | 23.90% | 0.78 | $4,989.0 | Douglas Rachlin | New York |
| Fairpointe Capital LLC – Fairpointe Capital Mid Cap Core | 6.67% | 35.09% | 21.98% | 11.49% | 30.28% | 0.37 | $5,255.5 | Team | Chicago |
| Sterling Capital Management – Mid Cap Value Equity | 6.05% | 29.79% | 19.58% | 12.76% | 24.97% | 0.50 | $2,381.9 | Timothy P. Beyer | Charlotte, N.C. |
| Sterling Capital Management – Small to Mid Value | 5.95% | 30.92% | 15.97% | 11.39% | 28.33% | 0.39 | $320.1 | Team | Charlotte, N.C. |
| Thompson Siegel & Walmsley LLC – TSW Mid Cap Value SMA | 5.28% | 33.07% | 21.51% | 8.26% | 21.50% | 0.37 | $253.5 | Brett P. Hawkins | Richmond, Va. |
| Ariel Investments – Ariel Mid Cap Value Wrap | 4.64% | 32.63% | 21.35% | 12.73% | 30.89% | 0.40 | $2,306.7 | Team | Chicago |
| BMO Asset Management U.S. – Mid Cap Value | 4.51% | 31.97% | 19.80% | 9.81% | 25.12% | 0.38 | $345.8 | Team | Chicago |
| TCW Investment Management Co. – TCW Growth Equities | 4.39% | 21.49% | 13.61% | 5.07% | 27.15% | 0.18 | $213.2 | Team | Los Angeles |
| Pinnacle Associates Ltd. – Small Mid Cap Equity | 4.33% | 30.28% | 22.98% | 10.95% | 29.87% | 0.36 | $2,693.0 | Team | New York |
| Robeco Investment Management Inc. – BP Mid Cap Value Equity | 3.96% | 29.66% | 22.69% | 13.35% | 24.21% | 0.54 | $5,441.0 | Team | New York |
| SouthernSun Asset Management – SMID Cap* | 3.93% | 36.42% | 28.10% | 16.60% | 30.44% | 0.54 | $1,102.4 | Michael W. Cook | Memphis, Tenn. |
| Oak Ridge Investments – Small to Mid Cap Growth | 3.92% | 21.56% | 20.20% | 10.02% | 22.08% | 0.44 | $2,531.6 | Team | Chicago |
| Federated Investors Inc. – MDT Mid Cap Growth | 3.85% | 24.49% | 25.83% | 9.56% | 23.71% | 0.39 | $120.0 | Team | Pittsburgh |
| Congress Asset Management – Mid Cap Growth (SMA)* | 3.82% | 17.29% | 24.38% | 8.60% | 24.51% | 0.34 | $397.6 | Team | Boston |
| Russell Midcap | 2.21% | 25.40% | 19.53% | 8.28% | 25.99% | 0.31 |
U.S. small-cap equity
| Product | 2Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Granite Investment Partners LLC – Small Cap Equity* | 13.75% | 23.15% | 21.73% | 15.88% | 29.42% | 0.53 | $105.9 | Team | El Segundo, Calif. |
| Penn Capital Management – Penn Small Cap Opportunistic Equity | 8.33% | 39.46% | 24.64% | 10.13% | 36.76% | 0.27 | $782.5 | Team | Philadelphia |
| Oberweis Asset Management Inc. – Concentrated Small-Cap Growth Strategy | 7.71% | 21.32% | 15.10% | 10.81% | 33.06% | 0.32 | $120.6 | Team | Lisle, Ill. |
| Oberweis Asset Management Inc. – Small Cap Growth | 7.58% | 22.94% | 15.32% | 6.85% | 29.95% | 0.22 | $125.5 | Team | Lisle, Ill. |
| The Boston Co. Asset Management LLC – Small Cap Growth | 6.72% | 24.72% | 19.30% | 6.76% | 24.34% | 0.27 | $1,427.9 | Team | Boston |
| Glenmede Investment Management LP – Glenmede Small Cap Equity | 5.61% | 31.89% | 23.29% | 12.13% | 26.93% | 0.44 | $719.5 | Team | Philadelphia |
| Kayne Anderson Rudnick LLC – Small Cap Growth* | 5.57% | 25.97% | 22.77% | 11.98% | 21.81% | 0.54 | $234.0 | Team | Los Angeles |
| PNC Capital Advisors LLC – Small Cap Portfolio | 5.57% | 33.16% | 25.58% | 12.73% | 25.19% | 0.49 | $370.8 | Team | Baltimore |
| GW&K Investment Management – Small Cap Core Strategy | 5.19% | 28.39% | 23.69% | 14.21% | 22.86% | 0.61 | $1,718.3 | Team | Boston |
| Palisade Capital Management LLC – Small Cap Growth Equity | 5.18% | 25.77% | 26.24% | 13.72% | 28.80% | 0.47 | $700.9 | Sammy Oh | Fort Lee, N.J. |
| WHV Investment Management – Small Cap* | 5.17% | 27.27% | 18.27% | 6.66% | 32.36% | 0.20 | $1,847.7 | Team | San Francisco |
| Denver Investment Advisors (Westcore) – Small-Cap Value | 5.08% | 22.91% | 18.38% | 9.06% | 25.52% | 0.34 | $1,648.0 | Kris Herrick | Denver |
| NWQ Investment Management Co. – Small Cap Value Equity* | 4.95% | 29.20% | 23.49% | 8.87% | 30.10% | 0.28 | $676.0 | Phyllis G. Thomas | Los Angeles |
| Riverbridge Partners – Small Cap Growth | 4.88% | 23.33% | 22.46% | 13.79% | 22.20% | 0.61 | $2,425.1 | Team | Minneapolis |
| Wasatch Advisors – Small Cap Core Growth* | 4.87% | 25.52% | 23.50% | 14.26% | 21.37% | 0.65 | $1,149.2 | Team | Salt Lake City |
| Russell 2000 | 3.09% | 24.21% | 18.67% | 8.77% | 26.18% | 0.32 |
International, global emerging-markets equity
| Product | 2Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| AllianceBernstein – Global Value Equity ADR* | 4.56% | 25.18% | 12.26% | -1.39% | 28.37% | -0.06 | $2,460.1 | Sharon Fay | New York |
| Brandes Investment Partners – Global Equity | 3.83% | 22.14% | 13.36% | 1.89% | 22.74% | 0.07 | $8,417.0 | Team | San Diego |
| HGK Asset Management Inc. – International Equity | 3.66% | 31.54% | 12.88% | 5.32% | 25.60% | 0.20 | $547.9 | Richard Bruce | Jersey City, N.J. |
| Causeway Capital Management LLC – International Value ADR | 3.12% | 21.76% | 13.86% | 4.43% | 26.55% | 0.16 | $1,053.6 | Team | Los Angeles |
| Brandes Investment Partners – European Equity | 3.06% | 25.53% | 10.98% | 2.13% | 28.98% | 0.06 | $247.0 | Team | San Diego |
| Cambiar Investors LLC – International ADR | 2.63% | 20.08% | 13.86% | 3.71% | 24.14% | 0.14 | $581.8 | Team | Denver |
| Brandes Investment Partners – International Equity | 2.36% | 18.26% | 8.45% | 0.20% | 22.78% | 0.00 | $10,348.0 | Team | San Diego |
| Philadelphia International Advisors LP – International Equity ADR | 1.27% | 16.35% | 8.17% | -1.62% | 26.65% | -0.07 | $621.6 | Andrew B. Williams | Philadelphia |
| Delaware Investments – International Equity ADR | 1.12% | 14.90% | 10.21% | -0.19% | 21.44% | -0.02 | $3,096.8 | Team | Philadelphia |
| J.P. Morgan Asset Management – International Value Managed Account | 0.98% | 17.58% | 10.74% | -0.49% | 26.34% | -0.03 | $6,535.6 | Gerd Woort-Menker | New York |
| Franklin Templeton Investments – Templeton International Equity SMA Composite | 0.81% | 20.88% | 10.26% | 0.34% | 23.97% | 0.00 | $668.4 | Team | San Mateo, Calif. |
| PNC Capital Advisors LLC – International Growth | 0.57% | 18.97% | 10.57% | 1.52% | 25.72% | 0.05 | $148.1 | Team | Baltimore |
| AllianceBernstein – International Value ADR* | 0.56% | 16.04% | 7.40% | -5.00% | 29.28% | -0.18 | $561.8 | Sharon Fay | New York |
| Pictet Asset Management – International Equity Fund LLC CF | 0.47% | 21.95% | 12.61% | 0.45% | 30.32% | 0.01 | $257.8 | Team | Montreal |
| Capital Group Private Client Services – Global Equity* | 0.40% | 20.66% | 13.44% | 4.94% | 21.20% | 0.22 | $5,464.0 | Team | Los Angeles |
| Russell Developed ex North America Large Cap | -0.86% | 19.13% | 10.24% | -0.40% | 26.51% | -0.03 | |||
| Russell Developed Large Cap | 0.69% | 19.16% | 13.98% | 2.99% | 23.95% | 0.11 | |||
| Russell Emerging Markets Large Cap | -7.67% | 3.50% | 3.76% | -0.05% | 31.62% | -0.01 |
U.S. fixed income
| Product | 2Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Sterling Capital Management – Cash Management | 0.05% | 0.54% | 0.71% | 1.42% | 0.74% | 1.53 | $1,396.3 | Team | Charlotte, N.C. |
| SMH Capital Advisors Inc. – High Yield Wrap | 0.03% | 5.13% | 9.37% | 9.61% | 21.83% | 0.43 | $748.1 | Team | Fort Worth, Texas |
| PNC Capital Advisors LLC – Ultra Short | 0.01% | 0.61% | 0.77% | 1.67% | 0.94% | 1.48 | $815.2 | Team | Baltimore |
| Pacific Income Advisers – Ultra Short | -0.02% | 0.35% | 0.52% | 1.25% | 0.89% | 1.08 | $143.0 | Team | Santa Monica, Calif. |
| Sterling Capital Management – Enhanced Cash Management | -0.10% | 0.73% | 1.08% | 2.08% | 1.05% | 1.71 | $3,802.3 | Team | Charlotte, N.C. |
| Brandes Investment Partners – Enhanced Income | -0.14% | 8.22% | 8.74% | 5.27% | 11.01% | 0.45 | $103.0 | Team | San Diego |
| Pacific Income Advisers – Short Term | -0.15% | 0.44% | 1.05% | 2.24% | 1.42% | 1.38 | $147.0 | Team | Santa Monica, Calif. |
| Dana Investment Advisors Inc. – Limited Volatility | -0.16% | 1.05% | 1.83% | 2.91% | 1.07% | 2.47 | $1,154.6 | Team | Brookfield, Wis. |
| PNC Capital Advisors LLC – Short Duration 1-3 Year | -0.19% | 0.91% | 1.52% | 2.87% | 1.39% | 1.86 | $2,054.0 | Team | Baltimore |
| Payden & Rygel – Short Duration Taxable | -0.34% | 1.13% | 1.71% | 2.67% | 1.08% | 2.20 | $55,780.0 | Mary Beth Syal | Los Angeles |
| Diamond Hill Capital Management Inc. – Strategic Income | -0.46% | 4.83% | 7.15% | 7.26% | 11.75% | 0.59 | $199.8 | Team | Columbus, Ohio |
| First Western Capital Management – High Yield Short Duration | -0.48% | 9.79% | 9.69% | 9.62% | 9.31% | 1.00 | $224.1 | Steven S. Michaels | Los Angeles |
| Sterling Capital Management – Short-Term Fixed Income | -0.54% | 0.82% | 1.50% | 2.74% | 1.48% | 1.66 | $6,881.7 | Team | Charlotte, N.C. |
| Reinhart Partners Inc. – Limited Duration Fixed Income* | -0.62% | 0.90% | 2.26% | 3.90% | 1.99% | 1.82 | $412.5 | Team | Mequon, Wis. |
| Capital Group Private Client Services – Short Term Municipal* | -0.66% | 0.56% | 1.94% | 2.98% | 1.66% | 1.62 | $212.1 | John R. Queen | Los Angeles |
| Barclays Aggregate | -2.33% | -0.69% | 3.51% | 5.19% | 3.61% | 1.36 |
U.S. municipals
| Product | 2Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| PNC Capital Advisors LLC – Enhanced Cash Municipal | 0.06% | 0.50% | 0.60% | 1.04% | 0.48% | 1.58 | $333.1 | Team | Baltimore |
| Gurtin Fixed Income Management LLC – Core Tax-Exempt | -0.06% | 1.01% | 2.00% | 2.81% | 1.34% | 1.88 | $1,920.6 | Team | Solana Beach, Calif. |
| C.W. Henderson & Associates – Short-Term Strategy T/E | -0.11% | 0.47% | 0.98% | 1.79% | 0.72% | 2.09 | $319.0 | Team | Chicago |
| Dana Investment Advisors Inc. – Municipal Bond | -0.31% | 1.50% | 2.99% | 3.94% | 2.06% | 1.78 | $246.5 | Team | Brookfield, Wis. |
| PNC Capital Advisors LLC – Short Municipal | -0.39% | 0.55% | 1.43% | 2.68% | 1.39% | 1.72 | $480.6 | Team | Baltimore |
| Appleton Partners – Short Term Municipal Bond* | -0.96% | 0.18% | 2.08% | 3.17% | 1.72% | 1.68 | $484.0 | Team | Boston |
| Breckinridge Capital Advisors Inc. – Limited-Term Tax-Efficient Bond Strategy | -1.04% | 0.06% | 1.75% | 2.61% | 1.49% | 1.56 | $1,456.7 | Team | Boston |
| Capstone Asset Management Co. – Municipal Fixed Income | -1.09% | 0.79% | 2.67% | 3.92% | 2.84% | 1.28 | $309.4 | Team | Houston |
| Neuberger Berman – Tax-Exempt Limited Maturity* | -1.34% | 0.08% | 2.34% | 3.58% | 2.30% | 1.43 | $1,323.0 | Team | New York |
| PNC Capital Advisors LLC – Short-Intermediate Municipal | -1.37% | 0.33% | 2.48% | 3.74% | 2.25% | 1.54 | $911.6 | Team | Baltimore |
| Thomas Weisel Partners LLC – California Intermediate Tax exempt | -1.43% | 0.93% | 3.36% | 4.48% | 3.36% | 1.25 | $138.4 | Team | San Francisco |
| Carret Asset Management LLC – U.S. Fixed – State Specific Muni’s Int.-Term* | -1.45% | 0.30% | 2.83% | 4.05% | 2.99% | 1.26 | $547.5 | Team | New York |
| Abner Herrman & Brock Asset Management – Municipal Bond | -1.47% | 0.38% | 2.85% | 4.41% | 3.05% | 1.35 | $459.7 | Team | Jersey City, N.J. |
| Thornburg Investment Management Inc. – Thornburg Limited Term Municipal* | -1.49% | 0.98% | 3.79% | 4.86% | 2.83% | 1.61 | $7,559.6 | Team | Santa Fe, NM |
| Legg Mason Inc. – Western Asset Current Market Muni – SMA | -1.54% | 0.04% | 2.64% | 4.11% | 2.81% | 1.36 | $2,372.5 | Team | Baltimore |
| Barclays Municipal Bond | -2.96% | 0.24% | 4.46% | 5.33% | 5.41% | 0.93 |
*Preliminary. The separately managed account products listed in these tables generated the highest performance for the quarter ended June 30. Rankings are based on performance reported to the PrimaGuide research application by July 29. In case of ties, products are listed alphabetically. Past performance is not a 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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