Day Hagan

Portfolio management turnover has been minimal at the firm over the past five years. Long-term stability indicates a strong investment culture. Longest-tenured managers’ average asset-weighted tenure within the firm is ten years, bringing a wealth of knowledge through a complete market cycle and ultimately contributing positively to the rating. Day Hagan strategies have failed to have lengthy success. In particular, the firm's three-year risk-adjusted success ratio demonstrates that only 0% have both survived and beaten their respective category median on a risk-adjusted basis. A low success ratio indicates poor performance and raises questions about a firm’s discipline around investment strategy and product development.