Announcements

Steadyhand Receives Top Stewardship Grade

June 17, 2010

We’re proud to announce that we received the top grade (“A”) from Morningstar based on their new Stewardship grading system. And we’re beaming at the fact that we received the highest score (8 out of 8) of all the fund companies rated.

The Stewardship Grades, which Morningstar introduced this week, are designed “to help investors identify and compare fund companies that do a good job – or a poor job – of aligning their interests with those of fund unitholders.”

The grading methodology goes beyond the traditional measures of rating funds, which focus solely on past performance. Instead, Morningstar’s evaluation is based on four components: Corporate Culture, Manager Incentives, Fees, and Regulatory History. Further details on the grades and scoring system can be found on Morningstar’s website and our blog.