A new manager’s lack of experience, analyst turnover, and an undifferentiated process contribute to a Morningstar Analyst Rating of Neutral for all share classes.
Will PIERX 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 PIERX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PIERX 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 PIERX’s parent organization’s priorities and whether they’re in line with investors’ interests.