In at the top
Goodson has landed his first Citywire rating, coming in strong as an AAA-rated manager. He also ranks first out of 42 US mortgage fund managers for total returns over a three-year period to the end of August.
Over this period, the Voya Securitized Credit fund returned 21.2% compared with the average US mortgage fund, which was up 8.6%, and the benchmark, which returned 7.6%.
The fund’s performance has been boosted by steering clear of residential mortgage-backed securities in favor of asset-backed securities (ABS) and commercial mortgage-backed securities (CMBS), In August, the fund held 32.1% and 22.7% positions in each respectively.
- Sector manager ratio: 3.1
- For three years he ranked 1/42
AAA at the first time of asking
For his first Citywire rating, Michael Perilli comes in as an AAA-rated manager. He is ranked first out of 76 General and Insured Municipal Debt managers for three-year total returns to the end of August. The BlackRock Allocation Target Shares Series fund has returned 23% over this period, compared with the average General and Insured Municipal Debt fund, which was up 10.1%, and the benchmark’s 10.5%.
In his latest manager commentary, Perilli said the fund had benefited this year from allocations in healthcare, education and district development. As of the end of August, the fund had a 21.8% allocation to healthcare and a 12.1% allocation to education, with the majority of its bond exposure in the 20- to 30-year maturity range.
- Sector manager ratio: 1.8
- For three years he ranked 1/76
Debuts with AAA
Rayner has achieved an AAA-rated manager status at the very first time of asking. He is ranked sixth out of 63 International Small/Mid-Cap Growth managers for three-year total returns to the end of August. Over this period, the Royce International Premier fund has returned 31.8% compared with the average International Smid-Cap Growth fund, which was up 21.3%, and the benchmark’s 15.5%.
Throughout the first half of 2017, the fund’s positions in information technology, industrials and financials helped to drive outperformance. At the end of June, its top holdings were Bajaj Finance, which was up 160 basis points (bps) year-to-date, and Partners Group Holding, which was up 99 bps over the same period.
- Sector manager ratio: 0.83
- For three years he ranked 2/62