Astor

A strength of the steward is the longest-tenured portfolio managers’ average tenure of 14 years at the firm, bringing extensive experience to the table. Astor's risk-adjusted performance compares similarly to competitors. Across its open-end and exchange-traded funds, the firm’s average five-year Morningstar Rating is 3.4 stars, which is about standard. Astor open-end and exchange-traded products are priced, on average, among the second most-expensive quintile of similarly distributed strategies. This higher expense profile of its funds creates a larger performance hurdle and contributes negatively to Astor's rating.