FULLER & THALER

With an average five-year Morningstar Rating of 4.5 stars across its open-end and exchange-traded products, the firm has demonstrated its ability to deploy capital successfully for investors. The product lineup at FULLER& THALER has exhibited exemplary durability compared with peer asset managers when looked at over the past five years. Notably, its five-year risk-adjusted success ratio stands at 91%, meaning that 91% of its products have both survived and beaten their respective category median on a risk-adjusted basis. Fees on open-end and exchange-traded funds are a weakness of the firm, contributing negatively to the rating. On average, expenses on its funds are within the second most-expensive quintile compared with category peers. 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.