Looking at the durability of the firm's product roster, 100% of Impact Shares products have both survived and beaten their respective category median on a risk-adjusted basis over the past five years, as denoted by the firm's five-year risk-adjusted success ratio. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. Impact Shares management has lacked continuity over the past five years, denoted by higher-than-average portfolio manager turnover, which detracts from the firm's stewardship rating. The longest-tenured managers’ average asset-weighted tenure is slim, four years, compared with peer firms. This contributes negatively to the rating as the current managers have limited experience running strategies at the firm.
Going Into Earnings, Is Microsoft a Buy, a Sell, or Fairly Valued?
Watching Azure and updates on AI products, here’s what we think of Microsoft stock.