Forester stands out from a cost perspective for open-end and exchange-traded funds, demonstrating a firm-wide commitment to minimizing costs and maximizing investors' returns. On average, fees for the firm's funds are in the second-cheapest quintile of category peers. Longest-tenured managers’ average asset-weighted tenure within the firm is 24 years, bringing a wealth of knowledge through multiple market cycles and ultimately contributing positively to the rating. Manager turnover at Forester has been higher than at peer asset management firms. Turnover in the portfolio-management ranks can happen for a number of reasons, including mergers, liquidations, and portfolio managers changing roles or leaving the firm. In some cases, a change may not signal a serious or immediate problem at the firm, but can still be disruptive for investors, hinder the effectiveness of a firm’s investment processes, or suggest a weaker investment culture.
A Matter of Faith
Faith-based investing is a key chapter in the sustainable-investing story.