The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HEDJ’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the HEDJ management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of HEDJ’s parent organization’s priorities and whether they’re in line with investors’ interests.
Dependent on a weak euro.
Ryan Jackson
Analyst
Summary
We have qualitatively reviewed this strategy and reaffirmed its Average Process and People ratings. The following text is from May 11, 2023.