Aside from the overall view, the firm's portfolio managers have worked to align their interests with investors' by taking a personal stake and investing alongside them. Almost 40% of the firm’s assets are covered by invested managers. AAM fails to showcase longevity across its product shelf, as evidenced by its five-year risk-adjusted success ratio. Over this time period, only 33% of its roster has been able to both survive and beat its respective category median on a risk-adjusted basis. A low success ratio indicates poor performance and raises questions about a firm’s discipline around investment strategy and product development. The firm charges fees on its open-end and exchange-traded funds that are on par with category peers. On average, fees on its funds are within the middle quintile, giving it neither an advantage nor disadvantage compared with the competition.
Which Type of Dividend Fund Do You Prefer?
They may carry the same name, but not the same investment approach.