Monetta

Monetta's track record as a steward is mixed, leading to an Average Parent Pillar rating. Monetta's longest-tenured portfolio management is worth mentioning, which boasts 30 years of average asset-weighted tenure. In general, seasoned teams tend to have more experience in both up and down markets. Open-end and exchange-traded fund fees are a weakness at the firm, contributing negatively to the rating. On average, the firm charges fees on its funds that are in the highest quintile of category peers. With the current market environment of fee compression, this is cause for concern, as investors may flock to alternate asset managers over time to get a better deal. The firm has not had a durable product lineup. Specifically, its three-year success ratio demonstrates that only 0% of products were both able to survive and beat their respective category median. A low success ratio not only indicates poor performance but also raises flags about a firm’s discipline around investment strategy and product development.