A strength of the steward is the longest-tenured portfolio managers’ average tenure of 22 years at the firm, bringing extensive experience to the table. A negative contributor to Rice Hall James's rating is its lower-than-average portfolio management retention over the past five years, as elevated turnover bears watching. Fees on open-end and exchange-traded funds are a weakness of the firm, contributing negatively to the rating. On average, expenses on its funds are within the second most-expensive quintile compared with category peers. 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.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.