A notable weakness of Wrona is the inexperience of its longest-tenured managers compared with other asset managers. Managing capital through a full market cycle is a challenging prospect for seasoned managers, but with only about four years of average asset-weighted tenure, there's cause for concern. 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 highest 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. Finally, a strength of the firm is its very competitive risk-adjusted performance. Its open-end and exchange-traded strategies average an overall Morningstar Rating of 4.0 stars.
Wrona has a ways to go to become an industry-standard steward, resulting in a Below Average Parent Pillar rating.
United States