Top 15 U.S. fixed income SMAs
Ranked by fourth-quarter returns
U.S. fixed income
| Product | 4Q return | 1-year return | 3-year return | 5-year return | 5-year std dev | 5-year Sharpe ratio | Assets ($M) | Manager | Location |
|---|---|---|---|---|---|---|---|---|---|
| Payden & Rygel – High Yield | 3.08% | 15.20% | 10.97% | 7.86% | 11.13% | 0.66 | $2,424.0 | Sabur Moini | Los Angeles |
| Penn Capital Management – Penn Opportunistic High Yield Fixed Income | 3.03% | 15.27% | 11.96% | 9.89% | 16.81% | 0.56 | $969.9 | Team | Philadelphia |
| First Western Capital Management – High Yield Fixed Income | 2.66% | 16.25% | 12.32% | 9.87% | 12.07% | 0.78 | $321.3 | Steven S. Michaels | Los Angeles |
| Seix Investment Advisors LLC – High Yield Bond Management* | 2.62% | 12.65% | 10.46% | 8.62% | 8.59% | 0.94 | $13,887.1 | Team | Upper Saddle River, N.J. |
| Shenkman Capital Management Inc. – High Yield Bond Strategy | 2.50% | 12.45% | 10.31% | 8.96% | 9.40% | 0.90 | $19,760.7 | Team | Stamford, Conn. |
| Pacific Income Advisers – U.S. High Yield | 2.42% | 14.64% | 11.87% | 10.71% | 14.06% | 0.72 | $478.0 | Team | Santa Monica, Calif. |
| First Western Capital Management – High Yield Short Duration | 2.38% | 15.26% | 10.05% | 9.15% | 9.34% | 0.92 | $217.9 | Steven S. Michaels | Los Angeles |
| Gannett Welsh & Kotler LLC – Total Return Bond Strategy | 2.04% | 10.67% | 9.40% | 9.20% | 4.59% | 1.89 | $663.8 | Team | Boston |
| Three Peaks Capital Management LLC – High Yield Bond | 1.69% | 8.29% | 8.52% | 6.46% | 9.09% | 0.65 | $1,186.0 | Team | Castle 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 | Team | Santa Fe, N.M. |
| Gannett Welsh & Kotler LLC – Enhanced Core Bond Strategy | 1.28% | 8.95% | 8.66% | 8.67% | 3.99% | 2.04 | $717.1 | Team | Boston |
| Diamond Hill Capital Management Inc. – Strategic Income | 1.24% | 9.36% | 8.90% | 7.02% | 11.82% | 0.55 | $201.8 | Team | Columbus, Ohio |
| Principal Global Investors – Spectrum Preferred Securities | 1.23% | 17.03% | 11.60% | 7.97% | 23.19% | 0.32 | $14,285.7 | Team | Des Moines, Iowa |
| Garcia Hamilton & Associates LP – Fixed Income Aggregate | 1.17% | 10.49% | 7.99% | 8.37% | 3.79% | 2.07 | $1,281.6 | Gilbert Garcia | Houston |
| Cumberland Advisors – Taxable Fixed Income | 1.16% | 6.66% | 9.21% | 8.07% | 5.07% | 1.49 | $435.6 | Team | Vineland, N.J. |
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