Portfolio management turnover has been minimal at the firm over the past five years. Long-term stability indicates a strong investment culture. The firm has not had a durable product lineup. Specifically, its three-year risk-adjusted success ratio demonstrates that only 0% of products both survived and beat their respective category median on a risk-adjusted basis. A low success ratio indicates poor performance and raises questions about a firm’s discipline around investment strategy and product development. With an average three-year Morningstar Rating of 1.3 stars, the risk-adjusted performance of BTS's open-end and exchange-traded funds falls short of competitors.
BTS is an industry-standard asset manager, resulting in an Average Parent Pillar rating.
United States