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, 13D Activist Fund charges fees on its funds that are in the highest 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. In terms of risk-adjusted performance, the 13D Activist Fund open-end and exchange-traded funds fall short of competitors, with an average overall Morningstar Rating of 1.7 stars. A sign of strength at 13D Activist Fund is its longest-tenured management, which boasts an average tenure of 12 years at the firm. This accumulation of experience builds confidence that the group can navigate a variety of market environments adeptly.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.