There have yet to be signs suggesting that VegTech is a topnotch steward. As a result, it is assigned a Below Average Parent rating until there's contrary evidence. VegTech currently manages one vehicle, with a total of$ 5.9 million under management and a bench of four fund managers.
Lofty fees on open-end and exchange-traded funds are a headwind at the firm, where the average net expense ratio, compared with other firms, is in the second-costliest quintile.
To upgrade the firm's rating, VegTech needs to build a consistent track record of positive investor experience.