Constituent Revenue Application Dates Smart Query takes longer to process in 4.0

When processing Constituent Revenue Application Dates Smart Queries, they may take longer in version 4.0 compared to previous versions. 
We're currently evaluating this issue for a fix in a future patch or service pack.  

Steps to Duplicate

  1. Select Administration> Smart Query
  2. Run the Smart Query
  3. See processing time has increased

Environment

 Blackbaud CRM
 4.0
 4.0.157.0

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