Winthrop Capital Management Named to PSN Top Guns List of Best Performing Strategies for Q1 2023
Quarterly PSN Top Guns List published by Zephyr identifies best-in-class
separate accounts, managed accounts, and managed ETF strategies.
Carmel, Indiana—May 24, 2023— 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 1Q 2023. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.
“With the growing interest in separately managed accounts, the PSN Top Guns List has attracted greater attention,” says Margaret Tobiasen, SVP of Data Distribution who cites PSN’s pioneering efforts as the first SMA database as the reason for the list’s popularity. “Winthrop Capital Management has done remarkable work and we are pleased to include them as a top performer.”
Through a combination PSN’s proprietary performance screens, the PSN Top Guns List ranks products in six proprietary categories in over 75 universes based on continued performance over time.
Ultra-Short Fixed Income
WCM’s Ultra-Short Fixed Income strategy returned 1.23% versus the Bloomberg Short-term Gov/Corp return of 1.19%in the first quarter. This strategy is designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to traditional money market offerings.
- 3-Star Category– The strategy had one of the top ten returns for the three-year period ending March 31, 2023, in its respective universe.
Tactical Income
WCM’s Tactical Income strategy returned 1.38% versus the Merrill Lynch 3-month US Treasury Bill Index return of 1.07% in the first quarter. By tactically allocating across a broad range of fixed income sectors, this strategy attempts to earn a high income orientated return with a moderate level of risk.
- 2 & 3-Star Categories– The strategy had one of the top ten returns for the one-year period and three-year period ending March 31, 2023, in its respective universe.
Municipal Bonds Fixed Income
WCM’s Municipal Bonds Fixed Income strategy returned 2.19% versus the Bloomberg Municipal Bond Index return of 2.78% in the first quarter. This strategy invests in all major investment grade sectors of the municipal bond market including general obligations, revenue, special purpose bonds, and tax increment financing bonds.
- 2 Star Categories– The strategy had one of the top ten returns for the one-year period ending March 31, 2023, in its respective universe.
Ultra-Short with Equity
WCM’s Ultra-Short with Equity strategy returned 2.19% versus the Bloomberg Short-term Gov/Corp return of 1.19% in the first quarter. In pursing this strategy, WCM invests in investment grade corporate bonds, municipal bonds, asset-backed securities, mortgage-backed securities, and high yield bonds.
- 1 & 3-Star Categories– The strategy had one of the top ten returns for the three-month and three-year period ending March 31, 2023, in its respective universe.
Municipal Bond Ladder 1-5 Year
WCM’s Municipal Bond Ladder 1-5 Year returned 1.13% in the first quarter. The Municipal Bond Ladder strategy seeks to deliver income opportunities while preserving capital and reducing interest rate risk by investing in laddered municipal bonds and maintaining a controlled duration discipline.
- 3-Star Category– The strategy had one of the top ten returns for the 3-year period ending March 31, 2023, in its respective universe.
Core Aggressive Growth
WCM’s Core Aggressive Growth model returned 5.18% versus the MSCI ACWI Index return of 7.30% in the first quarter. This strategy will contain a higher percentage of equities and may also feature bonds, mutual funds, exchange traded funds, and alternative investments that meet the goal of high Growth.
- 3-Star Category– The strategy had one of the top ten returns for the 3-year period ending March 31, 2023, in its respective universe.
Core Sector Aggressive Growth
WCM’s Core Sector Aggressive Growth model returned 7.17% versus the MSCI ACWI Index return of 7.30% in the first quarter. This strategy will contain exclusively equities in sectors that meet the goal of high growth. This strategy invests in sector ETFs based on our macro-economic view of the economy.
- 1 & 3-Star Categories– The strategy had one of the top ten returns for the 3-month and 3-year period ending March 31, 2023, in its respective universe.
Core Sector Growth
WCM’s Core Sector Growth model returned 6.78% versus the blended benchmark of 80% MSCI ACWI Index and 20% Bloomberg 1-3 Year Credit return of 6.12% in the first quarter. This strategy will contain a higher percentage of equities and may also feature bonds, mutual funds, exchange traded funds, and alternative investments that meet the goal of high growth.
- 1 Star Category– The strategy had one of the top ten returns for the 3-month period ending March 31, 2023, in its respective universe.
Core Sector Growth & Income
WCM’s Core Sector Growth & Income model returned 6.03% versus the blended benchmark of 60% MSCI ACWI Index and 40% Bloomberg 1-3 Year Credit return of 4.93% in the first quarter. This strategy invests in a fairly consistent mix of stocks and bonds within the portfolio and may also use mutual funds, exchange traded funds, and alternative investments that meet the goals of growth, income, and capital preservation.
- 1 Star Category– The strategy had one of the top ten returns for the 3-month period ending March 31, 2023, in its respective universe.
Income Series Conservative
This strategy will likely consist of a significant percentage of fixed income assets but may also include stocks, bonds, mutual funds, and exchange traded funds that meet the goals of preserving capital.
- 2 Star Category– The strategy had one of the top ten returns for the 1-year period ending March 31, 2023, in its respective universe.
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 nearly 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 rely. 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 nearly 40 Years of Data Including Net and Gross-of-Fee Returns. For more details on the methodology behind the PSN Top Guns Rankings or to purchase PSN Top Guns Reports, contact Margaret Tobiasen at [email protected]. Visit PSN online to learn more.
See below for ranking info and methodology
1-Star Category: had one of the top ten returns for the quarter in their respective strategy.
2-Star Category: had one of the top ten returns for the one-year period in their respective strategy.
3-Star Category: had one of the top ten returns for the three-year period in their respective strategy.
4-Star Category: 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. The top ten returns for the latest three-year period then become the 4 Star Top Guns.
5-Star Category: 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. The top ten returns for the latest three-year period then become the 5 Star Top Guns.
6-Star Category: 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. The top ten information ratios for the latest five-year period then become the 6 Star Top Guns.
Manager of the Decade: had an r-squared of 0.80 or greater relative to the style benchmark for the latest 10-year period. Moreover, the strategy’s returns were greater than the style benchmark for the latest 10-year period and also standard deviation less than the style benchmark for the latest ten-year period. At this point, the top ten performers for the latest 10-year period become the PSN Top Guns Manager of the Decade.
Bull & Bear Masters: had an r-squared of 0.80 or greater relative to the style benchmark for a three-year period. Moreover, the strategy had an upside market capture over 100 and a downside market capture less than 100 relative to the style benchmark. The top ten ratios of Upside Capture Ratio over Downside Capture Ratio become the PSN Bull & Bear Masters.
The complete list of PSN Top Guns and an overview of the methodology can be located at https://psn.fi.informais.com/. Registration is required.