Crawford's longest-tenured portfolio management is worth mentioning, which boasts 15 years of average tenure. In general, seasoned teams tend to have more experience in both up and down markets. Crawford has proven successful at retaining portfolio management talent, and providing continuity for strategies, as displayed by low turnover compared with peers over the past five years. Crawford 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 Crawford's rating.
In a competitive industry, Crawford does n't differentiate itself enough, leading to an Average Parent Pillar rating.