There have yet to be signs suggesting that Newday Impact is a topnotch steward. As a result, it is assigned a Below Average Parent rating until there's contrary evidence. Newday Impact currently oversees two vehicles, with a total of$ 3.1 million under management and a roster of four fund managers. Even though Newday Impact is a relatively new firm, it has brought on experienced managers, averaging 11 years of total industry experience. However, they have had trouble retaining managers, keeping only 80% within the past year.
The firm's average net expense ratio across its open-end and exchange-traded product shelf place the firm within the middle quintile of asset managers.
To upgrade the firm's rating, Newday Impact will be expected to build a consistent track record of positive investor experience.
United States