Portfolio management turnover has been minimal at the firm over the past five years. Long-term stability signals a strong investment culture. Sound Mind fails to showcase longevity across its product shelf, as evidenced by its three-year risk-adjusted success ratio. Over this time period, only 33% of its roster has been able to both survive and beat its 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. Lofty fees for the firm's open-end and exchange-traded funds are a weakness, contributing negatively to Sound Mind's rating and creating a larger performance hurdle. The firm's fund fees, on average, fall within the second most-expensive quintile of similarly distributed strategies.
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United States