Innovator

One notable advantage of Innovator is its below-average fees. On average, the firm's open-end and exchange-traded fund fees fall in the second-lowest quintile of category peers. The firm’s lineup has demonstrated industry-average durability. Its three-year risk-adjusted success ratio is 50%, meaning that 50% of strategies have both survived and beaten their respective category median on a risk-adjusted basis. A firm's success ratio indicates relative performance and provides insight into a firm’s discipline around investment strategy and product development. A cause for concern at Innovator are its relatively inexperienced longest-tenured managers. In particular, average tenure across portfolio managers is only three years, which contributes negatively to its rating.