SGA builds high-conviction portfolios of sustainable growth companies from the bottom up without regard for benchmark composition. Each portfolio invests selectively in fundamentally strong businesses with steady long-term earnings prospects and attractive valuations. Portfolios typically differ materially from stock market indices in their composition, a hallmark of our management style.
Portfolios
| Portfolio | Holdings | Positions | Domiciled Companies |
|---|---|---|---|
| U.S. Large Cap Growth | 25-30 | 2-6% | 80-100% U.S. Domiciled Companies |
| Global Growth | 25-35 | 2-6% | 35-65% Non-U.S. Domiciled Companies |
| International Growth | 25-35 | 2-6% | 90-100% Non-U.S. Domiciled Companies |
| Emerging Markets Growth | 25-35 | 2-6% | Over 50% Emerging Domiciled Companies |
| Global Mid Cap Growth | 25-35 | 2-6% | 35-65% Non-U.S. Domiciled Companies |
| Portfolio | Holdings | Positions |
|---|---|---|
| U.S. Focused Growth | 10-15 | 6-10% |
| Global Focused Growth | 10-20 | 5-10% |
Portfolio Commentaries
SGA's U.S. Focused portfolio returned -1.7% (Gross) and -1.9% (Net) in Q3 versus -3.1% for the Russell 1000 Growth Index and -3.3% for the S&P 500 Index.
U.S. Focused annualized returns: 1 Year 24.7% (Gross), 23.7% (Net); 5 Year 8.9% (Gross), 8.0% (Net); 10 Year 13.4% (Gross), 12.5% (Net); Since Inception: 11.3% (Gross), 10.4% (Net).
Russell 1000 Growth Index annualized returns: 1 Year 27.7%; 5 Year 12.4%; 10 Year 14.5%; Since Inception: 11.3%.
SGA's Global Growth portfolio returned -2.0% (Gross) and -2.2% (Net) in Q3 versus -3.4% for the MSCI ACWI Index and -4.9% for the MSCI ACWI Growth Index.
Global Growth annualized returns: 1 Year 25.0% (Gross), 24.0% (Net); 5 Year 8.2% (Gross), 7.3% (Net); 10 Year 10.8% (Gross), 9.8% (Net); Since Inception: 11.3% (Gross), 10.4% (Net).
MSCI ACWI Index annualized returns: 1 Year 20.8%; 5 Year 6.5%; 10 Year 7.6%; Since Inception: 7.5%.
SGA's Emerging Markets Growth portfolio returned -6.8% (Gross) and -7.0% (Net) in Q3 versus -2.9% for the MSCI EM Index and -4.9% for the MSCI EM Growth Index.
Emerging Markets Growth annualized returns: 1 Year 11.3% (Gross), 10.4% (Net); 5 Year 2.9% (Gross), 2.0% (Net); Since Inception: 4.7% (Gross), 3.9% (Net).
MSCI EM Index annualized returns: 1 Year 11.7%; 5 Year 0.6%; Since Inception: 1.2%.
The U.S. Large Cap Growth portfolio returned -3.8% (Gross) and -4.0% (Net) in Q3 versus -3.1% for the Russell 1000 Growth Index and -3.3% for the S&P 500 Index.
U.S. Large Cap Growth annualized returns: 1 Year 21.5% (Gross), 20.6% (Net); 5 Year 9.9% (Gross), 9.1% (Net); 10 Year 12.3% (Gross), 11.4% (Net); Since Inception: 10.1% (Gross), 9.3% (Net).
Russell 1000 Growth Index annualized returns: 1 Year 27.7%; 5 Year 12.4%; 10 Year 14.5%; Since Inception: 11.2%.
SGA's International Growth portfolio returned -7.3% (Gross) and -7.5% (Net) in Q3 versus -3.8% for the MSCI ACWI ex USA Index and -7.3% for the MSCI ACWI ex USA Growth Index.
International Growth annualized returns: 1 Year 18.5% (Gross), 17.5% (Net); 5 Year 6.7% (Gross), 5.8% (Net); Since Inception: 7.2% (Gross), 6.3% (Net).
MSCI ACWI ex USA Index annualized returns: 1 Year 20.4%; 5 Year 2.6%; Since Inception: 3.2%.
SGA’s Global Mid Cap Growth portfolio returned -4.4% (Gross) and -4.6% (Net) in Q3 versus -3.7% for the MSCI ACWI Mid Cap Index and -5.0% for the MSCI ACWI Mid Cap Growth Index.
SGA’s Global Mid Cap Growth annualized returns: 1 Year 14.2% (Gross), 13.2% (Net); Since Inception: 6.4% (Gross), 5.5% (Net).
MSCI ACWI Mid Cap Index annualized returns: 1 Year 15.7%; Since Inception: 6.0%.
Investment Vehicles
Mutual Funds
WRAP Managed Accounts
Variable Insurance Trust Funds
Collective Investment Trusts (CITs)
Pooled Vehicles