Sparrow

A strength of Sparrow is its experienced longest-tenured portfolio managers, who have accrued an average 25 years of tenure. This experience should give investors confidence in the group's ability to navigate a variety of conditions. Looking at the firm's risk-adjusted performance, the product lineup compares similarly to competitors. Across its open-end and exchange-traded funds, the firm's average five-year Morningstar Rating is 3.0 stars. Sparrow open-end and exchange-traded products are priced, on average, among the most expensive quintile of similarly distributed strategies. This higher expense profile of its funds creates a larger performance hurdle and contributes negatively to Sparrow's rating.