Portfolio manager turnover at Papp has been low over the past five years, building confidence that the firm is working to establish a stable and engaging culture. Papp open-end and exchange-traded products are priced, on average, among the second most-expensive quintile of similarly distributed strategies. This higher expense profile of its funds creates a larger performance hurdle and contributes negatively to Papp's rating.
Papp has some investor-friendly attributes, but other attributes warrant caution, leading to an Average Parent Pillar rating.