Integrity

Despite the negative rating, an area of strength of the firm is manager investment. Over 36% of the firm's assets are covered by invested managers, in an effort to align portfolio manager and shareholder interests. A detractor from the firm's rating is its lower-than-average portfolio management retention over the past five years, as elevated turnover bears watching. On average, Integrity's longest-tenured portfolio managers have accrued 13 years of tenure. This level of manager experience should give investors confidence in the group's ability to handle differing market conditions.