For Financial Professionals in the US

Mid Cap Growth Managed Account

Time-tested investment team seeks high-quality, mid-cap companies with strong growth characteristics.

Quicklinks

Overview

ABOUT THIS PORTFOLIO

By taking a moderate approach to an asset class with potential for fast growth, this mid-cap growth portfolio has demonstrated lower volatility than the index. Unlike many competitor products that focus on short-term growth rates, this strategy seeks to invest in companies exhibiting sustainable and durable growth.

WHY INVEST IN THIS PORTFOLIO

“Smart Growth” Approach
The Portfolio’s investment approach focuses on long duration, sustainable growth companies with strong competitive advantages and large addressable markets. We seek to avoid companies with rapid but unsustainable, short-term growth profiles.

Deep, Specialized Team
The Portfolio benefits from in-depth fundamental research, supported by a broad team of analysts, a team of small-mid-cap specialists, and a portfolio management team with experience in the mid-cap space.

Growth Potential with Tempered Volatility
Offering exposure to medium-sized companies with resilient business models, this equity portfolio is designed to weather a variety of market environments and take on moderately less risk than the index.

PORTFOLIO MANAGEMENT

Brian Demain, CFA

Brian Demain, CFA

Portfolio Manager

Industry since 1999. Joined Firm in 1999.

Philip Cody Wheaton, CFA

Philip Cody Wheaton, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2001.

Performance

RETURNS (%) (As of 12/31/2020)
Composite Pure Gross* Composite Net Russell MidCap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/2006)
Composite Pure Gross* 20.09 21.46 21.46 18.23 18.70 15.54 12.83
Composite Net 19.26 17.96 17.96 14.82 15.28 12.20 9.56
Russell MidCap® Growth Index 19.02 35.59 35.59 20.50 18.66 15.04 11.32
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. All returns reflect the reinvestment of dividends and other earnings.
*Pure gross performance results do not reflect the deduction of any trading costs, fees or expenses and returns will be reduced by such advisory fee and other contractual expenses as described in the individual contract and Form ADV Part 2A. Pure gross returns are supplemental to net returns.
Net returns are calculated by subtracting the highest applicable Managed Account fee (3.00% annually, or 0.25% monthly) from the pure gross or gross composite return. The Managed Account fee includes all charges for trading costs, portfolio management, custody and other administrative fees. Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size. The fees are available on request and may be found in Form ADV Part 2A.
RETURNS (%) (As of 02/28/2021)
Composite Pure Gross* Composite Net Russell MidCap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/2006)
Composite Pure Gross* 7.29 1.93 34.48 17.02 20.27 15.16 12.82
Composite Net 6.52 1.43 30.63 13.64 16.81 11.83 9.55
Russell MidCap® Growth Index 6.23 1.37 46.25 20.11 20.49 14.52 11.32
Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. All returns reflect the reinvestment of dividends and other earnings.
*Pure gross performance results do not reflect the deduction of any trading costs, fees or expenses and returns will be reduced by such advisory fee and other contractual expenses as described in the individual contract and Form ADV Part 2A. Pure gross returns are supplemental to net returns.
Net returns are calculated by subtracting the highest applicable Managed Account fee (3.00% annually, or 0.25% monthly) from the pure gross or gross composite return. The Managed Account fee includes all charges for trading costs, portfolio management, custody and other administrative fees. Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size. The fees are available on request and may be found in Form ADV Part 2A.

RETURNS-BASED STATISTICS (Composite As of 03/31/2021)

RISK / REWARD
VS. Russell MidCap® Growth Index		 3YR 5YR
Information Ratio -0.27 0.14
Alpha -0.43 1.57
Tracking Error 6.06 5.03
Beta 0.95 0.95
R-squared (%) 92.20 91.68
UP/DOWN MARKET CAPTURE (%)
VS. Russell MidCap® Growth Index		 3YR 5YR
Up Capture Ratio 93.10 97.59
Down Capture Ratio 96.25 91.21
STANDARD DEVIATION 3YR 5YR
Mid Cap Growth Managed Account 21.38 17.15
Russell MidCap® Growth Index 21.55 17.33
SHARPE RATIO 3YR 5YR
Mid Cap Growth Managed Account 0.76 1.05
Russell MidCap® Growth Index 0.83 0.99

Portfolio

Index represents the Russell MidCap® Growth Index.

Top Holdings (As of 03/31/2021)
% of Rep Account
KLA Corp 3.53
LPL Financial Holdings Inc 3.32
Microchip Technology Inc 3.13
ON Semiconductor Corp 2.96
TE Connectivity Ltd 2.80
SS&C Technologies Holdings Inc 2.72
Global Payments Inc 2.71
Nice Ltd (ADR) 2.61
CarMax Inc 2.45
Aon PLC 2.45
Total 28.68
View Full Holdings
Portfolio Characteristics (As of 03/31/2021)
  REP ACCOUNT INDEX
Number of Holdings
Equity Issues		 55 358
Market Capitalization
Weighted Average		 $24.90B $24.44B
Portfolio Turnover Rate
(1-year trailing)		 12.20% -
Price/Earnings Ratio
(1-year forward)		 26.38 40.34
Price/Book Ratio
(1-year forward)		 6.15 12.31
Earnings Growth Rate
(1-year forward)		 19.88% 15.32%
Sector Allocation % OF REP ACCOUNT % of Index % OF REP ACCOUNT % of Index (As of 03/31/2021)
Information Technology 38.05 37.42
Health Care 17.52 21.73
Industrials 15.19 12.10
Financials 10.79 3.39
Consumer Discretionary 7.14 11.15
Real Estate 3.76 1.68
Utilities 2.02 0.09
Materials 1.60 2.06
Cash & Equivalents 3.93 -
Regional Allocations % OF REP ACCOUNT % of Index % OF REP ACCOUNT % of Index (As of 03/31/2021)
North America 90.40 98.18
Africa/Mideast 2.61 0.01
Asia/Pacific Ex Japan 1.79 0.14
Europe 1.27 1.06
Cash & Equivalents 3.93 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF REP ACCOUNT % OF INDEX % OF REP ACCOUNT % OF INDEX (As of 03/31/2021)
Over $100B 1.41
$50B to $100B 17.75 4.88
$10B to $50B 52.94 83.52
$5B to $10B 20.27 9.36
$1B to $5B 3.70 2.24
Developed VS Emerging Markets % OF REP ACCOUNT % of Index % OF REP ACCOUNT % of Index (As of 03/31/2021)
U.S. 87.38 98.17
Non-U.S. Developed 8.69 1.09
Cash & Equivalents 3.93 -

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
Analyzing ESG Factors for Risk and Opportunity
February 25, 2021
Quick Views Environmental Social Governance (ESG)

Analyzing ESG Factors for Risk and Opportunity

Environmental, social and governance (ESG) factors have become a significant risk/opportunity consideration for both companies and investors.

Read More

Signs of a Renewed Appreciation for Sustainable Growth in 2021
December 2020
Global Perspectives Coronavirus Interest rates Investment Outlooks

Signs of a Renewed Appreciation for Sustainable Growth in 2021

Portfolio Manager Brian Demain explains why we could see a renewed appreciation for moderately valued, sustainable growth companies in the mid-cap market.

Read More

Can Narrow Mid-Cap Leadership Continue?
July 29, 2020
Quick Views Growth Equities

Can Narrow Mid-Cap Leadership Continue?

Considering the long-term view on the most expensive mid-cap stocks.

Read More

TOP