Value in 60 Seconds: Our ETF Ratings - are they Charging you more for worse performance?

When we do this work, we get very different ratings than what you're going to get from Morningstar. You can see here, they're giving a 3-star rating and we're saying very unattractive. We're showing that this is a much worse fund. We say, how do the holdings in this fund compare to the holdings in its benchmark? Are we seeing more attractive stocks or less? And we're seeing a lot less attractive stocks and a whole lot more unattractive and very unattractive stocks. On the left, you see a whole bunch more red and orange. That's bad, especially considering that the Pioneer Select MidCap Growth Fund charges a whole lot more than its benchmark, IUSG. The whole point about fund management is that you should only pay a higher fee for Better management. Why would I put my money into something that's going to pick worse stocks and charge me more? This is a conversation that should probably take place a whole lot more in financial advisors' offices and across the financial landscape.