A strength of the steward is the longest-tenured portfolio managers’ average tenure of 22 years at the firm, bringing a wealth of experience to the table. The Biondo roster of open-end and exchange-traded funds has had below-average risk-adjusted performance, as seen in its average three-year Morningstar Rating of 1.0 stars.
In a competitive industry, Biondo does n't differentiate itself enough, leading to an Average Parent Pillar rating.