A new process along with ongoing turnover in portfolio managers and analysts results in a Morningstar Analyst Rating of Neutral.
Will LAFFX 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 LAFFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the LAFFX 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 LAFFX’s parent organization’s priorities and whether they’re in line with investors’ interests.