Top 15 U.S. municipal SMAs

Ranked by fourth-quarter returns

Feb 17, 2013 @ 8:07 pm (Updated 8:09 pm) EST

  

U.S. municipals

Product4Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Haverford - Haverford Quality Tax-Free Municipal1.32%5.01%4.78%4.76%2.13%1.99$468.1 TeamRadnor, Pa.
Wasmer Schroeder & Co. Inc. - Strategic Tax Exempt Fixed Income1.04%10.21%8.39%6.99%5.81%1.11$205.7 TeamNaples, Fla.
Lord Abbett & Co. LLC - Long Municipal MA1.01%9.49%8.11%6.85%6.65%0.95$5,686.6 Daniel S. SolenderJersey City, N.J.
Thornburg Investment Management Inc. - Thornburg Intermediate Term Municipal*0.88%6.58%6.74%6.11%4.25%1.31$1,718.4 TeamSanta Fe, N.M.
Nuveen Asset Management - Long Municipal Bond0.77%9.42%7.54%5.93%7.26%0.75$49,502.3 TeamChicago
Belle Haven Investments - MuniPlus0.75%5.35%6.64%6.32%3.46%1.67$353.3 TeamWhite Plains, N.Y.
McDonnell Investment Management - Medium Duration Municipal Bond*0.60%4.89%6.69%6.17%4.68%1.21$5,807.0 TeamOak Brook, Ill.
Cumberland Advisors - Tax-Free Municipal Fixed Income0.58%6.16%6.15%5.59%4.93%1.03$776.2 TeamVineland, N.J.
Dana Investment Advisors Inc. - Municipal Bond0.57%2.97%3.72%3.92%2.04%1.67$295.8 TeamBrookfield, WI
Gannett Welsh & Kotler LLC - Municipal Bond Strategy0.55%5.55%7.38%6.71%5.29%1.17$11,253.2 TeamBoston
Thomas Weisel Partners LLC - California Intermediate Tax exempt0.54%4.22%4.88%4.87%3.18%1.37$134.4 TeamSan Francisco
Franklin Templeton Investments - Franklin Intermediate Municipal Fixed Income0.53%4.82%6.01%5.54%4.41%1.14$3,670.8 TeamSan Mateo, Calif.
Lord Abbett & Co. LLC - Intermediate Municipal MA0.47%4.63%6.73%6.38%4.49%1.30$1,459.5 Daniel S. SolenderJersey City, N.J.
Eaton Vance - TABS Intermediate Maturity0.46%4.18%7.09%7.22%4.80%1.39$1,778.5 TeamBoston
Capstone Asset Management Co. - Municipal Fixed Income0.40%2.75%3.64%4.22%2.75%1.35$287.9 TeamHouston
Barclays Municipal Bond0.67%6.78%6.57%5.91%5.1%1.06   
*Preliminary. The separately managed account products listed in these tables generated the highest performance for the quarter ended Dec. 31 2012. Rankings are based on performance reported to Envestnet | Prima by January 31, 2013. In case of ties, products are listed alphabetically. Past performance is not a guarantee of future results, and advisers should rely on additional factors when determining whether to include SMAs in their client portfolios. Envestnet | Prima's SMA universe isn't intended to be all-inclusive but rather represents a diversified group of products that are available to, and suitable for, the affluent retail investor.

Source: Envestnet l Prima