Taxable Fixed Income –
Intermediate and Core
Philosophy | Process | Performance
Active Intermediate Fixed Income Composite
(Click buttons to view disclosures or view Active Core Composite)
Active Core Fixed Income Composite
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Experienced Portfolio Management Team
Portfolio managers average 17 years of investment management experience
Performance Incentive Plan
Aligns managers’ and clients’ interests to reward long-term performance
Michael J. Wachter, CFA
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Douglas J. Fry, CFA
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Katherine M. Doyle
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Peter G. Altobelli, CFA
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William F. Ford, CFA
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Adam J. Lynch
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Sarah L. Thompson
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Active Intermediate Fixed Income Disclosures
- Reinhart Partners, Inc. (Reinhart Partners, Reinhart or the Firm) is a privately held, independent investment advisor registered with the Securities and Exchange Commission. The firm provides investment management services for growth equity, value equity, fixed income and balanced accounts to taxable and tax-exempt clients.
- Reinhart Partners, Inc. has prepared and presented this report in compliance with the Global Investment Presentation Standards (GIPS®).
- The inception date of the Active Intermediate Fixed Income composite is 1/1/92. This composite includes all fully discretionary, fee-paying, fixed income only accounts over $1 million in assets under management that are managed using the Active Intermediate Fixed Income strategy. Prior to 1/1/11, the minimum account size was based on net contributions to the account. Prior to 1/1/04, fixed income segments of balanced accounts were included in the composite and cash was allocated using beginning of the period weights. Prior to 1/1/03, the minimum account size for composite inclusion was $250,000. Active Intermediate performance prior to 1995 represents results of a division of a firm acquired by Reinhart Partners.
- Composites are asset weighted. Account returns are time weighted, calculated quarterly in US dollars, and include income, accrued interest, realized and unrealized gains and losses. Trade date accounting is used in the calculation of portfolio returns. Performance reflects the reinvestment of dividends, capital gains and interest. No leverage is used in the portfolios represented in this composite.
- Gross performance results do not reflect the deduction of investment management fees and are net of trading costs. Beginning in 2004, net performance results reflect the deduction of investment management fees and any other expenses incurred in the management of the account. Prior to 2004, net performance results are estimated and reflect the deduction of an average 0.35% investment management fee. Reinhart Partners’ standard fixed income fee schedule is as follows: 0.30% on the first $25 million; 0.25% on the next $50 million; 0.20% on the next $50: and 0.15% on amounts over $125 million.
- Prior to 1/1/04, dispersion of annual returns is measured by the standard deviation of portfolios in the composite. After 1/1/04 dispersion of annual returns is measured by the asset-weighted standard deviation of portfolios in the composite.
- Reinhart Partners has additional composites. A list of all composites is available upon request.
- Past performance is not a guarantee of future results.
| Year End Dec, 31 |
Composite Annual Return | Barclays Capital Intermediate Gov/Credit |
Annual Composite Dispersion | Number of Portfolios in Composite | Composite Assets | Total Firm Assets ($Mil) |
||
|---|---|---|---|---|---|---|---|---|
| Gross of Fees | Net of Fees | Dollars (Millions) |
% of Firm Assets | |||||
| Q1 2011 | 0.46% | 0.40% | 0.34% | N/A | 175 | $847.4 | 23.7% | 3,580.0 |
| 2010 | 6.35% | 6.10% | 5.89% | 0.78 | 151 | $825.3 | 24.4% | 3,388.0 |
| 2009 | 10.04% | 9.81% | 5.24% | 1.42 | 116 | $657.1 | 23.7% | 2,770.3 |
| 2008 | 4.92% | 4.68% | 5.08% | 0.91 | 71 | $448.6 | 24.5% | 1,831.4 |
| 2007 | 7.00% | 6.78% | 7.39% | 0.31 | 60 | $526.2 | 27.4% | 1,924.1 |
| 2006 | 4.29% | 4.04% | 4.08% | 0.10 | 58 | $493.4 | 28.9% | 1,708.9 |
| 2005 | 2.02% | 1.72% | 1.57% | 0.10 | 50 | $460.7 | 32.5% | 1,419.2 |
| 2004 | 3.13% | 2.74% | 3.04% | 0.30 | 35 | $394.1 | 31.6% | 1,246.0 |
| 2003 | 4.06% | 3.69% | 4.30% | 0.30 | 12 | $290.4 | 27.4% | 1,060.0 |
| 2002 | 9.89% | 9.50% | 9.82% | 2.41 | 22 | $134.1 | 13.0% | 1,035.4 |
| 2001 | 9.38% | 9.00% | 8.98% | 0.38 | 17 | $97.4 | 10.3% | 946.4 |
| 2000 | 10.13% | 9.74% | 10.10% | 0.35 | 26 | $217.0 | 20.5% | 818.0 |
Active Core Fixed Income Disclosures
- Reinhart Partners, Inc. (Reinhart Partners, Reinhart or the Firm) is a privately held, independent investment advisor registered with the Securities and Exchange Commission. The firm provides investment management services for growth equity, value equity, fixed income and balanced accounts to taxable and tax-exempt clients.
- Reinhart Partners, Inc. has prepared and presented this report in compliance with the Global Investment Presentation Standards (GIPS®).
- The inception date of the Active Core Fixed Income composite is 3/31/96. This composite includes all fully discretionary, fee-paying, fixed income only accounts over $1 million in assets under management that are run using the Active Core Fixed Income strategy. Prior to 1/1/04, fixed income segments of balanced accounts were included in the composite and cash was allocated using beginning of the period weights. Prior to 1/1/03, the minimum account size for composite inclusion was $250,000.
- Composites are asset weighted. Account returns are time weighted, calculated quarterly in US dollars, and include income, accrued interest, realized and unrealized gains and losses. Trade date accounting is used in the calculation of portfolio returns. Performance reflects the reinvestment of dividends, capital gains and interest. No leverage is used in the portfolios represented in this composite.
- Gross performance results do not reflect the deduction of investment management fees and are net of trading costs. Beginning in 2001, net performance results reflect the deduction of investment management fees and any other expenses incurred in the management of the account. Prior to 2001, net performance results are estimated and reflect the deduction of an average 0.35% investment management fee. Reinhart Partners’ standard fixed income fee schedule is as follows: 0.30% on the first $25 million; 0.25% on the next $50 million; 0.20% on the next $50: and 0.15% on amounts over $125 million.
- Prior to 1/1/01, dispersion of annual returns is measured by the standard deviation of portfolios in the composite. After 1/1/01 dispersion of annual returns is measured by the asset weighted standard deviation of portfolios in the composite.
- Reinhart Partners has additional composites. A list of all composites is available upon request.
- Past performance is not a guarantee of future results.
| Year End Dec, 31 |
Composite Annual Return | Barclays Capital Gov/Credit |
Annual Composite Dispersion | Number of Portfolios in Composite | Composite Assets | Total Firm Assets ($Mil) |
||
|---|---|---|---|---|---|---|---|---|
| Gross of Fees | Net of Fees | Dollars (Millions) |
% of Firm Assets | |||||
| Q1 2011 | 0.62% | 0.57% | 0.28% | N/A | 5 | $101.7 | 2.8% | 3,580.0 |
| 2010 | 7.11% | 6.89% | 6.59% | 0.36 | 5 | $99.9 | 2.9% | 3,388.0 |
| 2009 | 9.33% | 9.10% | 4.52% | 0.82 | 6 | $117.2 | 4.2% | 2,770.3 |
| 2008 | 4.25% | 4.03% | 5.71% | 0.93 | 6 | $120.6 | 6.6% | 1,831.4 |
| 2007 | 6.44% | 6.21% | 7.23% | 0.35 | 6 | $121.8 | 6.3% | 1,924.1 |
| 2006 | 4.06% | 3.85% | 3.77% | 0.23 | 5 | $100.0 | 5.9% | 1,708.9 |
| 2005 | 2.75% | 2.54% | 2.35% | 0.16 | 5 | $105.9 | 7.5% | 1,419.2 |
| 2004 | 4.50% | 4.25% | 4.21% | 0.28 | 5 | $108.3 | 8.7% | 1,246.0 |
| 2003 | 4.20% | 3.98% | 4.68% | 0.31 | 5 | $111.6 | 10.5% | 1,060.0 |
| 2002 | 10.81% | 10.57% | 11.02% | 0.40 | 5 | $121.5 | 11.7% | 1,035.4 |
| 2001 | 8.53% | 8.30% | 8.51% | 0.56 | 5 | $126.5 | 13.4% | 946.4 |
| 2000 | 11.98% | 11.60% | 11.84% | 0.39 | 7 | $124.4 | 15.2% | 818.0 |