Fees on the firm's open-end and exchange-traded funds are a weakness, contributing negatively to the rating and creating a larger performance hurdle on funds. On average, Frank Funds charges fees on its funds that are in the most expensive quintile of similarly distributed funds. With the current market environment of fee compression, this is cause for concern, as investors may flock over time to alternate asset managers to get a better deal. Manager turnover at Frank Funds over the past five years has been higher than at peer asset management firms, potentially a signal that company culture is a bit unstable. The firm has accumulated a strong risk-adjusted track record across its open-end and exchange-traded strategies, with an average five-year Morningstar Rating of 4.0 stars.
Frank Funds lags peer asset managers in a number of stewardship qualities, resulting in a Below Average Parent Pillar rating.