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Managed Accounts - Intranet

FOR INTERNAL USE AND NELSON SECURITIES EMPLOYEES ONLY.

Daily Managed Account and Benchmark Returns 
As of 2-28-24

Managed Account Returns are Net of Fees
(Maximum New WAM Account Fees: Total Return, SAB, Cap Growth, and STA 1.50%, Cap Guardian 1.00% | eSAM 1.00%)

Managed Account Performance Chart

WAM MA Insight - Spring 2003

WAM Managed Account Insight Semi-Annual Publication

Password: 1717

WAM - MA Insight

eSAM MA Insight - Spring 2003

eSAM Managed Account Insight Semi-Annual Publication

Password: 1289

eSAM - MA Insight

Managed Account Briefs

Below are our WAM and eSAM Managed Account Briefs that summarize each program. There are now six account objectives for both WAM and eSAM, with the addition of our NEW 20-80 accounts called WAM Capital Guardian PLUS and eSAM Capital Foundation PLUS. These can be emailed to clients and prospective clients. 

WAM Managed Accounts Brief

eSAM Managed Accounts Brief


Click Here
to visit our Managed Accounts Page on our external website.

Weekly Reports

Morningstar Snapshots

The WAM and eSAM Custom Benchmark and Standard Morningstar Snapshots are updated as of 12-31-23 and reflect our 100% ETF conversion completed in WAM in June.

Page 3 of each report shows the Weighted Average Net and Gross Expense Ratios. WAM now has a 0.25% Weighted Expense Cap; however, our ETF conversion resulted in WAM accounts substantially below our 0.25% Cap across the board. 

As expected, WAM accounts had the following Weighted Investment Expense reductions:

STA:                           0.09% (down 74% from 9-30-22)                             

Cap Growth:          0.11% (down 67% from 9-30-22)

SAB:                           0.13% (down 62% from 9-30-22)

Total Return:           0.15% (down 56% from 9-30-22)

Cap Guardian:       0.18% (down 42% from 9-30-22)


eSAM Weighted Average Expense Cap is 0.10% and also remain well below the Cap. 

***Weighted Expenses in WAM and eSAM subject to change as portfolio allocations change but will remain below our Caps***


Special Note

Morningstar Snapshots now have an (Advisory) designation in the title. This is pursuant to SEC Ruel 206(4)-1, that we (NSI) have an obligation to meet the Morningstar usage agreement AND the client/prospective client MUST have the resources and financial expertise to understand the risks and limitations of using such hypothetical performance returns in making investment decisions. Additionally, the new Advisory designation allows us to put a management fee on the report: HOWEVER, the Morningstar Snapshots below DO NOT include Management Fees.

Please note the Morningstar Snapshot Guidelines below for use with clients/prospective clients. 


As of: 12-31-23


WAM

STA Custom | STA Standard

Capital Growth Custom | Capital Growth Standard

SAB Custom | SAB Standard

Total Return Custom | Total Return Standard

Capital Guardian PLUS Custom | Capital Guardian PLUS Standard

Capital Guardian Standard


eSAM

Aggressive Custom | Aggressive Standard

Moderate-Aggressive Custom | Moderate-Aggressive Standard

Moderate Custom | Moderate Standard

Conservative Custom | Conservative Standard

Capital Foundation PLUS Custom | Capital Foundation PLUS Standard

Capital Foundation Standard


Morningstar Snapshot Guidelines:

These are Client Approved but can only be sent (mail or email) in their ENTIRETY (all 22 pages) for Compliance and are the most condensed Snapshot reports available, which include all disclosures that make them Client Approved with FINRA.

PROHIBITED:

  • Representing the performance graphs and trailing returns as our own Managed Account performance
  • Taking Snips of sections or sending single pages, etc.
  • If mailing printed Snapshots, circling or highlighting sections/data

Client Discussions

  • Morningstar Snapshots are best used to discuss current Asset Allocation of our Managed Accounts, including Style Box Analysis, Country and Sector Exposure as well as Risk & Return metrics like Beta, Standard Deviation, Duration and Average Expenses
  • Best to use Average Gross Expenses when pointing out Account costs as they remove any temporary Expense Waivers funds may have in place and may not be renewed
  • Most Importantly, the Performance Graphs and Trailing Returns DO NOT Represent our Managed Account Performance and should not be represented as such

***Management Fees are NOT included and the Performance Graphs and Trailing Returns assume that the current allocation was held over the entire return periods shown and that is Not the Case with any of these reports as our accounts are actively managed and we make changes to our holdings and allocations over time.***