Catalyst open-end and exchange-traded products are costlier than similarly distributed funds at other highly-rated asset managers, on average in the highest quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. The firm's risk-adjusted performance is poor. Across all open-end and exchange-traded products, the firm’s average 10-year Morningstar Rating is 2.0 stars. Average tenure of nine years among the longest-tenured managers at Catalyst is on par with peer firms. In isolation, seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions.
Catalyst fails to meet industry-standard stewardship qualities, culminating in a Low Parent Pillar rating.