CRM open-end and exchange-traded products are more expensive than similarly distributed funds at other highly-rated asset managers, on average in the second most expensive quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. CRM's longest-tenured managers do not possess the same experience as management teams at other firms, a detractor from its rating. Specifically, average asset-weighted tenure within the firm is only three years. CRM funds have demonstrated industry-standard durability, with a 56% three-year risk-adjusted success ratio. This means that 56% of products have both survived and beaten their respective category median on a risk-adjusted basis.
CRM has a ways to go to become an industry-standard steward, resulting in a Below Average Parent Pillar rating.