The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LGOV’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LGOV management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of LGOV’s parent organization’s priorities and whether they’re in line with investors’ interests.
Higher returns come with higher risk.
Saraja Samant
Analyst
Summary
An experienced team has effectively managed First Trust Long Duration’s aggressive approach, but risks remain.