Aspiration

None of the firm’s assets are covered by an invested manager. Team members’ investments are regarded as helping to encourage long-term thinking and align portfolio manager and investor interests. Longest-tenured managers’ average asset-weighted tenure within the firm is slim, three years, compared with peer firms. This contributes negatively to the rating, as the current managers have limited experience running strategies at the firm. The firm charges fees on its open-end and exchange-traded funds that are on par with category peers. On average, fund fees on its products fall in the middle quintile, giving it neither an advantage nor disadvantage compared with the competition.