Longevity at the firm has been impressive. Its five-year risk-adjusted success ratio is 92%, meaning that 92% of the products have both survived and beaten their respective category median on a risk-adjusted basis. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. A negative contributor to Smead's rating is its lower-than-average portfolio management retention over the past five years, as elevated turnover bears watching. Smead open-end and exchange-traded products are priced, on average, among the second most-expensive quintile of similarly distributed strategies. This higher expense profile of its funds creates a larger performance hurdle and contributes negatively to Smead's rating.
In a competitive industry, Smead does n't differentiate itself enough, leading to an Average Parent Pillar rating.
United States