Pacific Capital

Pacific Capital fails to live up to one of the hallmarks of stewardship, manager investment, to help align portfolio manager and shareholder interests. None of the firm’s assets are covered by an invested manager. A cause for concern at Pacific Capital is its relatively inexperienced longest-tenured management. In particular, average asset-weighted tenure at the firm is only three years, a negative contributor to the rating. The firm charges fees on its open-end and exchange-traded funds that are on par with category peers. On average, fund fees on its products fall in the middle quintile, giving it neither an advantage nor disadvantage compared with the competition.