A stable and experienced team executes this fund’s established approach. However, its supporting resources lack a clear edge compared with peers’, underpinning a downgrade to the fund’s Process rating to Average from Above Average. The fund’s two share classes earn Morningstar Analyst Ratings of Neutral, down from Bronze for its institutional shares.
Will MERIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MERIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MERIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MERIX’s parent organization’s priorities and whether they’re in line with investors’ interests.