With an average asset-weighted tenure of seven years among the longest-tenured managers at Reinhartfunds, the firm is on par with peers. Seasoned teams tend to have more experience to draw upon should they need to weather turbulent market conditions. Open-end and exchange-traded fund fees are a weakness at the firm, contributing negatively to the rating. On average, the firm charges fees on its funds that are in the second most-expensive quintile of category peers. With the current market environment of fee compression, this is cause for concern, as investors may flock to alternate asset managers over time to get a better deal. The firm's stable portfolio management over the past five years, indicated by a higher-than-average retention ratio, positively impacts its rating.
Reinhartfunds lags peer asset managers in a number of stewardship qualities, resulting in a Below Average Parent Pillar rating.
United States