Fees on the firm's open-end and exchange-traded funds are a weakness, contributing negatively to the rating and creating a larger performance hurdle on funds. On average, Persimmon Funds charges fees on its funds that are in the second most-expensive quintile of similarly distributed funds. 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. The Persimmon Funds portfolio management team has lacked continuity over the past five years, denoted by elevated levels of turnover, which bears watching. On average, Persimmon Funds's longest-tenured portfolio managers have accrued 11 years of tenure. This level of manager experience should give investors confidence in the group's ability to handle differing market conditions.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.