Top 15 U.S. municipal SMAs
Ranked by fourth-quarter returns
U.S. municipals
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Haverford – Haverford Quality Tax-Free Municipal | 1.32% | 5.01% | 4.78% | 4.76% | 2.13% | 1.99 | $468.1 | Team | Radnor, Pa. |
| Wasmer Schroeder & Co. Inc. – Strategic Tax Exempt Fixed Income | 1.04% | 10.21% | 8.39% | 6.99% | 5.81% | 1.11 | $205.7 | Team | Naples, Fla. |
| Lord Abbett & Co. LLC – Long Municipal MA | 1.01% | 9.49% | 8.11% | 6.85% | 6.65% | 0.95 | $5,686.6 | Daniel S. Solender | Jersey 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 | Team | Santa Fe, N.M. |
| Nuveen Asset Management – Long Municipal Bond | 0.77% | 9.42% | 7.54% | 5.93% | 7.26% | 0.75 | $49,502.3 | Team | Chicago |
| Belle Haven Investments – MuniPlus | 0.75% | 5.35% | 6.64% | 6.32% | 3.46% | 1.67 | $353.3 | Team | White 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 | Team | Oak Brook, Ill. |
| Cumberland Advisors – Tax-Free Municipal Fixed Income | 0.58% | 6.16% | 6.15% | 5.59% | 4.93% | 1.03 | $776.2 | Team | Vineland, N.J. |
| Dana Investment Advisors Inc. – Municipal Bond | 0.57% | 2.97% | 3.72% | 3.92% | 2.04% | 1.67 | $295.8 | Team | Brookfield, WI |
| Gannett Welsh & Kotler LLC – Municipal Bond Strategy | 0.55% | 5.55% | 7.38% | 6.71% | 5.29% | 1.17 | $11,253.2 | Team | Boston |
| Thomas Weisel Partners LLC – California Intermediate Tax exempt | 0.54% | 4.22% | 4.88% | 4.87% | 3.18% | 1.37 | $134.4 | Team | San Francisco |
| Franklin Templeton Investments – Franklin Intermediate Municipal Fixed Income | 0.53% | 4.82% | 6.01% | 5.54% | 4.41% | 1.14 | $3,670.8 | Team | San Mateo, Calif. |
| Lord Abbett & Co. LLC – Intermediate Municipal MA | 0.47% | 4.63% | 6.73% | 6.38% | 4.49% | 1.30 | $1,459.5 | Daniel S. Solender | Jersey City, N.J. |
| Eaton Vance – TABS Intermediate Maturity | 0.46% | 4.18% | 7.09% | 7.22% | 4.80% | 1.39 | $1,778.5 | Team | Boston |
| Capstone Asset Management Co. – Municipal Fixed Income | 0.40% | 2.75% | 3.64% | 4.22% | 2.75% | 1.35 | $287.9 | Team | Houston |
| Barclays Municipal Bond | 0.67% | 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 |
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