This fund's all-weather process remains intact, but team changes and the need for new lead manager Matthew Baker to build his own record drop the Morningstar Analyst Rating of its cheapest share classes to Bronze from Silver, while the rest are rated Neutral.
Will HDGRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HDGRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HDGRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of HDGRX’s parent organization’s priorities and whether they’re in line with investors’ interests.