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Managed Portfolios

Active/Passive
Alpha-seeking active management meets low-cost passive management.
  • Traditional, diversified portfolios suitable for a wide range of investment objectives
  • Combines actively managed mutual funds that seek alpha with passively managed ETFs offering lower expenses
  • Active where it counts—active management is used for asset classes where managers have historically outperformed benchmarks
  • Passive where it saves—Index ETFs used for asset classes where indexes have historically outperformed active managers
  • Tax optimization and periodic tax loss harvesting for taxable accounts are available
ETF Portfolios
Diversified core portfolios built with
low-cost ETFs
  • Lower fees mean more return for clients— weighted average annual management fees are between 0.04% and 0.08%
  • Appropriate for investors who want a purely passive investment program
  • Suitable for clients seeking tax efficiency—ETFs have inherent tax advantages over other fund structures
ESG Active/ Passive ETF
Diversified portfolios for clients seeking to invest according to their values
  • Core, long-term portfolios that invest exclusively in ESG-oriented l-share ffunds and ETFs across all asset classes
  • Combines alpha-seeking active management with lower expenses from passively managed strategies
  • Suitable for a wide range of client risk profiles and investment goals
  • Tax optimization and periodic tax loss harvesting for taxable accounts are available
Tax Sensitive ETF
Managed for the needs of high-tax-bracket clients
  • Diversified core, portfolios suitable primarily for taxable accounts
  • Allocations across asset classes are exclusively ETFs, which have inherent tax advantages over other fund structures
  • Suitable for a wide range of client risk profiles and investment goals
  • Tax optimization and periodic tax loss harvesting are available
Foundational Portfolios
Professionally-managed portfolios for smaller accounts
  • Simplified asset allocation portfolios constructed exclusively with low-cost ETFs
  • Five ETFs maximum plus cash in each portfolio
  • Available for accounts as small as $1,000
  • Provides a basic level of diversification across all risk profiles
Income Portfolios
Yield-driven strategies for clients looking for current income
  • Diversified Income Portfolio invests in actively-managed mutual funds and passive ETFs in a traditional balanced allocation of 50% equity and 50% bonds – a popular risk level for retirees.
    • A broadly diversified core strategy that can be used for a client’s entire investment program
    • Invests for a higher level of annual income with less emphasis on long-term growth
    • Seeks an annual yield between 1 and 3% over a traditional diversified retirement portfolio
  • Focused High Income invests in active mutual funds and passive ETFs, but is not as diversified as a typical core “all-in” asset allocation strategy.
    • Seeks yield in the same range as high-yield bonds, typically 4 to 8%
    • Invests broadly in US and international equities, and bonds, plus strategies to help reduce interest rate sensitivity and overall drawdown risk relative to a simple high yield bond fund
    • Suitable to be used as a component within a diversified investment program

SMA Portfolios

Fine-tune an investment strategy around specific client needs
Portfolios may invest in a mix of alpha-seeking actively-managed funds and low-cost passive ETFs. Combines focused, uncorrelated, best-in-breed active strategies with inexpensive, broad-market strategies.
Tax optimization and periodic tax loss harvesting are available.

The following portfolios are available:

Alternative Multi-Asset Portfolio

Offers the potential to lower risk and increase return through investment in a broad range of alternative and non-core asset classes

Diversified US Equity Portfolio

Invests across US-domestic growth and value stocks and large-, mid and small-capitalization ranges

Diversified International Equity Portfolio

Similar to Diversified US Equity, but can also invest across developed and emerging markets

Diversified Bond Portfolio

Invests across diverse bond sectors and regions, including: government; mortgage-backed and other agency; investment-grade and high-yield corporate; short-, intermediate-, and long-term; floating rate; international