Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies.

Carmel, Indiana – September 3, 2025 – Winthrop Capital Management (WCM) announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q2 2025.  The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

“Q2 2025 combined unprecedented volatility with surprising resilience, requiring managers to demonstrate conviction and agility,” says PSN Product Manager Nick Williams. “PSN Top Guns managers excelled by navigating significant market leadership shifts, maintaining discipline during turbulence while capitalizing on opportunities. Their performance highlights the distinct value of active management in SMAs as markets responded to evolving economic conditions and policy changes.”

Through a combination PSN’s proprietary performance screens, the PSN Top Guns awards products in six proprietary categories in over 75 universes based on continued performance over time.

Winthrop achieved PSN Top Guns status for the following SMA strategies for 2Q 2025.

Ultra-Short Fixed Income

WCM’s Ultra-Short Fixed Income strategy had a gross return of 6.12% in the one-year period ending June 30, 2025, relative to the Bloomberg Short-term Government/ Corporate which had a return of 4.99% during the same time. The strategy is designed to provide liquidity and principal preservation, but with more emphasis on seeking returns that are superior to traditional money market offerings.

• 3-Month & 1-Year Categories – Ultra-Short Fixed Income had one of the top ten returns for the three-month period and the one-year period ending June 30, 2025, in its respective universe.

Ultra-Short Fixed Income with Equity

WCM’s Ultra-Short Fixed Income with Equity strategy had a gross return of 6.62% in the one-year period ending June 30, 2025, relative to the Bloomberg 1-5 Year Government/ Credit which had a return of 4.99% during the same time. This strategy invests in investment grade corporate bonds, municipal bonds, asset-backed securities, mortgage-backed securities, high yield bonds, and equity securities.

• 3-Month, 1-Year, & 3-Year Categories – Ultra-Short Fixed Income with Equity had one of the top ten returns for the three-month period, one-year period, and three-year periods ending June 30, 2025, in its respective universe.

Intermediate Aggregate Fixed Income

WCM’s Intermediate Aggregate Fixed Income strategy had a gross return of 2.93% in the five-year period ending June 30, 2025, relative to the Bloomberg Intermediate U.S. Aggregate which had a return of 0.23% during the same time. This strategy seeks to outperform the benchmark by focusing on investments in high quality securities, managing portfolio risk, and maintaining a controlled duration discipline. WCM invests in investment grade corporate bonds, municipal bonds, asset-backed securities, mortgage-backed securities, and high yield bonds.

• 4 Star & 5 Star Categories – Intermediate Aggregate Fixed Income had an r-squared of 0.80 or greater relative to the style benchmark for the recent five-year period. Moreover, the strategy’s returns exceeded the style benchmark for the three latest three-year rolling periods. Products are then selected which have a standard deviation for the five-year period equal or less than the median standard deviation for the peer group. It had a top ten return for the latest three year period, in its respective universe.

Corporate Bond Ladder 1-15 Years

WCM’s Corporate Bond Ladder 1-15 Year strategy seeks to deliver income opportunities while preserving capital and reducing interest rate risk by investing in laddered corporate bonds and maintaining a controlled duration discipline. WCM invests in a diversified portfolio of credit monitored investment-grade corporate securities with equally weighted maturities across varying time frames.

• 3-Month, 1-Year, & 4 Star Categories – Corporate Bond Ladder 1-15 Years had one of the top ten returns for the three-month period and the one-year period ending June 30, 2025, in its respective universe. The strategy also had an r-squared of 0.80 or greater relative to the style benchmark for the recent five-year period. Moreover, the strategy’s returns exceeded the style benchmark for the three latest three-year rolling periods. It had top ten returns for the latest three-year period then become the 4 Star Top Guns.

About Winthrop Capital Management

Winthrop Capital Management is an SEC registered investment advisor with expertise in the management of fixed income and equity portfolios. WCM specializes in working with foundations, endowments, insurance companies, corporations, individuals, and pension funds. We believe that a disciplined portfolio structuring process, combined with strict relative value measurement and risk assessment, results in superior performance with a controlled level of risk. For more information about our investment philosophy and products, visit www.winthropcm.com

About PSN

For more than four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of over 40 Years of Data Including Net and Gross-of-Fee Returns. PSN Mid-Year Outlook provides insight and trends about the SMA industry. You can view online here.

Visit PSN online to learn more.