A mark that sets this steward apart is that managers invest significantly alongside fundholders. Almost 100% of the firm’s assets are covered by a$ 1 million investment, in an effort to align portfolio manager and shareholder interests. FAM has brought continuity to its product shelf, with low portfolio management turnover compared with peer firms over the past five years. FAM 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 FAM's rating.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.