Sextant's longest-tenured managers do not have the same experience as teams at other firms. Specifically, average asset-weighted tenure within the firm is only five years, building concern in the group's ability to manage capital through a full market cycle effectively. Sextant fails to showcase longevity across its product shelf, as evidenced by its 10-year risk-adjusted success ratio. Over this time period, only 25% of its roster has been able to both survive and beat its respective category median on a risk-adjusted basis. A low success ratio indicates poor performance and raises questions about a firm’s discipline around investment strategy and product development. The firm's risk-adjusted performance compares similarly to competitors. Across all open-end and exchange-traded funds, the firm's average three-year Morningstar Rating is 3.6 stars, which is about standard.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.