Princeton open-end and exchange-traded products are costlier than similarly distributed funds at other highly-rated asset managers, on average in the highest quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. With an average asset-weighted tenure of eight years among the longest-tenured managers at Princeton, the firm is on par with peers. Seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions. Looking at the firm's risk-adjusted performance, its fund lineup compares similarly to competitors. Across its open-end and exchange-traded funds, the firm's average overall Morningstar Rating is 3.0 stars.
Was Bogle’s Princeton Thesis Eerily Prescient?
Eric Balchunas, senior ETF analyst for Bloomberg Intelligence, describes the Bogle Effect and the serendipitous shaping of the Vanguard founder’s career.