Aside from the overall view, portfolio managers at AAM have made a notable effort to align their interests with shareholders' by taking a personal stake and investing alongside them. Nearly 45% of the firm’s assets are represented by a manager who invests in their respective product. AAM fails to showcase longevity across its product shelf, as evidenced by its five-year success ratio. Over this time period, only 21% of its roster has been able to both survive and beat its respective category median. A low success ratio indicates poor performance and raises questions about a firm’s discipline around investment strategy and product development. The firm charges fees on its open-end and exchange-traded funds that are on par with category peers. On average, fees on its funds are within the middle quintile, giving it neither an advantage nor disadvantage compared with the competition.
AAM lags peer asset managers in a number of stewardship qualities, resulting in a Below Average Parent Pillar rating.
MarketUS Open-end ex MM ex FoF ex Feeder
Total Net Assets2.25 Bil
Investment Flows (TTM)−419.81 Mil
Asset Growth Rate (TTM)−15.82%
# of Share Classes12
Total Net Assets659.09 Mil
Investment Flows (TTM)251.77 Mil
Asset Growth Rate (TTM)61.38%
# of Share Classes6
They may carry the same name, but not the same investment approach.