Top 15 U.S. fixed income SMAs

Ranked by fourth-quarter returns

Feb 17, 2013 @ 8:02 pm (Updated 8:05 pm) EST

  

U.S. fixed income

Product4Q return1-year return3-year return5-year return5-year std dev5-year Sharpe ratioAssets ($M)ManagerLocation
Payden & Rygel - High Yield3.08%15.20%10.97%7.86%11.13%0.66$2,424.0 Sabur MoiniLos Angeles
Penn Capital Management - Penn Opportunistic High Yield Fixed Income3.03%15.27%11.96%9.89%16.81%0.56$969.9 TeamPhiladelphia
First Western Capital Management - High Yield Fixed Income2.66%16.25%12.32%9.87%12.07%0.78$321.3 Steven S. MichaelsLos Angeles
Seix Investment Advisors LLC - High Yield Bond Management*2.62%12.65%10.46%8.62%8.59%0.94$13,887.1 TeamUpper Saddle River, N.J.
Shenkman Capital Management Inc. - High Yield Bond Strategy2.50%12.45%10.31%8.96%9.40%0.90$19,760.7 TeamStamford, Conn.
Pacific Income Advisers - U.S. High Yield2.42%14.64%11.87%10.71%14.06%0.72$478.0 TeamSanta Monica, Calif.
First Western Capital Management - High Yield Short Duration2.38%15.26%10.05%9.15%9.34%0.92$217.9 Steven S. MichaelsLos Angeles
Gannett Welsh & Kotler LLC - Total Return Bond Strategy2.04%10.67%9.40%9.20%4.59%1.89$663.8 TeamBoston
Three Peaks Capital Management LLC - High Yield Bond1.69%8.29%8.52%6.46%9.09%0.65$1,186.0 TeamCastle Rock, Colo.
Thornburg Investment Management Inc. - Thornburg Limited Term Income*1.35%8.42%7.22%7.14%3.88%1.71$3,083.8 TeamSanta Fe, N.M.
Gannett Welsh & Kotler LLC - Enhanced Core Bond Strategy1.28%8.95%8.66%8.67%3.99%2.04$717.1 TeamBoston
Diamond Hill Capital Management Inc. - Strategic Income1.24%9.36%8.90%7.02%11.82%0.55$201.8 TeamColumbus, Ohio
Principal Global Investors - Spectrum Preferred Securities1.23%17.03%11.60%7.97%23.19%0.32$14,285.7 TeamDes Moines, Iowa
Garcia Hamilton & Associates LP - Fixed Income Aggregate1.17%10.49%7.99%8.37%3.79%2.07$1,281.6 Gilbert GarciaHouston
Cumberland Advisors - Taxable Fixed Income1.16%6.66%9.21%8.07%5.07%1.49$435.6 TeamVineland, N.J.