The top-performing SMAs: U.S. fixed income
U.S. fixed income Rank Product 1Q return 1-year return…
U.S. fixed income
| Rank | Product | 1Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Product assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Principal Global Investors – Spectrum Preferred Securities | 8.28% | 7.98% | 26.40% | 3.22% | 23.95% | 0.08 | $13,342.0 | Team | Des Moines, Iowa |
| 2 | Penn Capital Management – Penn Opportunistic High Yield Fixed Income | 6.41% | 3.95% | 24.25% | 7.65% | 17.05% | 0.38 | $893.8 | Team | Philadelphia |
| 3 | First Western Capital Management – High Yield Short Duration | 5.63% | 6.05% | 15.46% | 7.80% | 9.33% | 0.70 | $220.5 | Steven S. Michaels | Los Angeles |
| 4 | First Western Capital Management – High Yield Fixed Income | 5.33% | 7.38% | 19.36% | 7.77% | 12.13% | 0.54 | $296.1 | Steven S. Michaels | Los Angeles |
| 5 | Brandes Investment Partners – Enhanced Income | 5.02% | 6.31% | 14.53% | 2.87% | 11.43% | 0.14 | $101.0 | Team | San Diego |
| 6 | Payden & Rygel – High Yield | 5.00% | 6.52% | 15.94% | 6.04% | 11.14% | 0.43 | $2,030.0 | Sabur Moini | Los Angeles |
| 7 | Shenkman Capital Management – High Yield Bond Strategy | 4.43% | 6.70% | 14.98% | 7.57% | 9.49% | 0.67 | $15,661.9 | Team | New York |
| 8 | Diamond Hill Capital Management – Strategic Income | 3.78% | 7.39% | 18.05% | 4.07% | 12.46% | 0.23 | $188.6 | Team | Columbus, Ohio |
| 9 | Brandes Investment Partners – Core Plus Fixed Income | 3.77% | 7.23% | 15.54% | 5.70% | 8.83% | 0.51 | $408.0 | Team | San Diego |
| 10 | Seix Advisors – High Yield Bond Management | 3.72% | 7.14% | 14.63% | 6.90% | 8.71% | 0.65 | $14,090.4 | Team | Upper Saddle River, N.J. |
| Barclays Aggregate | 0.30% | 7.71% | 6.83% | 6.25% | 3.51% | 1.43 |
The separately managed account products listed in these tables generated the highest performance for the quarter ended March 31. Rankings are based on performance reported to Prima by April 27, 2012. 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. 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: Prima Capital
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