SMI has changed significantly over the years. It started as solid financial education newsletter for the DIY investor but has moved to a high cost, market timing, actively managed financial service provider. Their returns are in the bottom half of their peers and their rating by Morningstar as of Nov 2023 is as follows:
Sound Mind fails to meet industry-standard stewardship qualities, culminating in a Below Average Parent Pillar rating.
Sound Mind open-end and exchange-traded products are costlier than similarly distributed funds at other highly-rated asset managers, on average in the highest quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle.
The Sound Mind roster of open-end and exchange-traded funds has had below-average risk-adjusted performance, as evidenced by its average 10-year Morningstar Rating of 2.0 stars. A sign of strength at Sound Mind is its longest-tenured management, which offers an average asset-weighted tenure of 13 years at the firm.
This accumulation of experience builds confidence that the group can navigate a variety of market environments adeptly.