Frank Funds open-end and exchange-traded products are more expensive than similarly distributed funds at other highly-rated asset managers, on average in the most expensive quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. The Frank Funds portfolio management team has lacked continuity over the past five years, denoted by elevated levels of turnover, which bears watching. Finally, a strength of the firm is its very competitive risk-adjusted performance. Its open-end and exchange-traded strategies average a five-year Morningstar Rating of 4.0 stars.
The Dangerous Myth of ‘The New Normal’
The odds are against those who believe this time is different.