The top-perfoming SMAs: U.S. municipals
SMAs ranked by second-quarter returns
Product name | 2Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Product assets ($M) | Manager | Location |
---|---|---|---|---|---|---|---|---|---|
Lord Abbett & Co. LLC – Municipal | 5.18% | 3.05% | 5.74% | 5.08% | 6.51% | 0.47 | $5,317.7 | Daniel S. Solender | Jersey City, N.J. |
Nuveen Asset Management – Long Municipal Bond | 4.97% | 3.04% | 5.08% | 4.21% | 7.26% | 0.30 | $42,370.2 | Team | Chicago |
Wasmer Schroeder & Co. Inc. – Strategic Tax Exempt Fixed Income | 4.78% | 3.19% | 5.51% | 4.93% | 5.56% | 0.53 | $236.0 | Team | Naples, Fla. |
Gannett Welsh & Kotler LLC – Municipal Bond Strategy | 4.43% | 5.35% | 6.96% | 5.90% | 5.32% | 0.73 | $8,225.5 | Team | Boston |
Eaton Vance – Long Municipal Bonds | 4.36% | 3.16% | 5.58% | 4.81% | 6.73% | 0.42 | $291.2 | Team | Boston |
Cumberland Advisors – Tax-Free Municipal Fixed Income | 3.97% | 3.21% | 5.09% | 4.77% | 4.89% | 0.57 | $679.5 | Team | Vineland, N.J. |
PNC Capital Advisors LLC – Intermediate Municipal | 3.83% | 4.55% | 6.58% | 5.76% | 4.27% | 0.88 | $769.5 | Team | Baltimore, Md. |
Nuveen Asset Management – Intermediate Municipal Bond | 3.79% | 4.19% | 5.81% | 5.18% | 4.32% | 0.74 | $18,381.2 | Team | Chicago |
Lord Abbett & Co. LLC – Intermediate Municipal | 3.69% | 4.63% | 6.53% | 5.84% | 4.52% | 0.85 | $836.1 | Daniel S. Solender | Jersey City, N.J. |
McDonnell Investment Management – Medium Duration Municipal Bond | 3.57% | 4.36% | 6.31% | 5.61% | 4.75% | 0.76 | $5,333.0 | Team | Oak Brook, III. |
Barclays Capital Municipal Bond Index | 3.89% | 3.48% | 5.58% | 4.93% | 5.11% | 0.57 |
The separately managed account products listed in these tables generated the highest performance for the quarter ended June 30. Ranking are based on performance to Prima by July 29. 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. 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. In cases of ties, products are listed in alphabetical order. Source: Prima Capital.
Other SMA rankings
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