A strength of Concorde is its experienced longest-tenured portfolio managers, who have accrued an average 36 years of tenure. This experience should give investors confidence in the group's ability to navigate a variety of conditions. Concorde open-end and exchange-traded products are priced, on average, among the most expensive quintile of similarly distributed strategies. This higher expense profile of its funds creates a larger performance hurdle and contributes negatively to Concorde's rating.
Concorde has some investor-friendly attributes, but other attributes warrant caution, leading to an Average Parent Pillar rating.