Centerstone Investors

Fees on the firm's open-end and exchange-traded funds are a weakness, contributing negatively to the rating and creating a larger performance hurdle on funds. On average, Centerstone Investors charges fees on its funds that are in the most expensive quintile of similarly distributed funds. With the current market environment of fee compression, this is cause for concern, as investors may flock over time to alternate asset managers to get a better deal. The firm's risk-adjusted performance is poor. Across all open-end and exchange-traded products, the firm’s average overall Morningstar Rating is 1.0 stars. The firm's stable portfolio management over the past five years, indicated by a higher-than-average retention ratio, positively impacts its rating.