The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IWN’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the IWN management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of IWN’s parent organization’s priorities and whether they’re in line with investors’ interests.
Risky strategy in a risky category
Zachary Evens
Analyst
Summary
We have qualitatively reviewed this strategy and reaffirmed its Average Process and Above Average People ratings. The following text is from Feb. 17, 2023.