Home / News / Morningstar Assigns New Ratings to 83 U.S. Funds; Downgrades Four Funds; Affirms Ratings on 74 Funds, One Target-Date Series in June: Morningstar, Inc. (NASDAQ: MORN)

Morningstar Assigns New Ratings to 83 U.S. Funds; Downgrades Four Funds; Affirms Ratings on 74 Funds, One Target-Date Series in June: Morningstar, Inc. (NASDAQ: MORN)

Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has published a summary of Morningstar Analyst Rating™ activity for 161 U.S. mutual funds and exchange-traded funds (ETFs) and two target-date series that occurred in June 2017. The Morningstar Analyst Rating for funds represents Morningstar’s conviction in the fund’s ability to outperform on a risk-adjusted basis over the long term. The five-tiered, qualitative Morningstar Analyst Rating scale has three positive levels, indicating Morningstar Medalists—Gold, Silver, and Bronze—in addition to Neutral and Negative ratings.
In June, Morningstar’s Manager Research Group assigned new ratings to 83 funds. In addition, analysts downgraded ratings for four funds, affirmed ratings for 74 funds and one target-date series, and placed one target-date series under review.
As of June 30, 2017, Morningstar analysts had assigned a Morningstar Analyst Rating of Gold to 142 unique U.S. funds, a Silver rating to 324 funds, a Bronze rating to 553 funds, a Neutral rating to 574 funds, and a Negative rating to 13 funds. Morningstar Medalists presently account for about 10 percent of unique mutual funds available for sale in the United States and 63 percent of assets under administration. Morningstar’s manager research analysts rate about $13 trillion of U.S. shareholder assets, or about 72 percent of total shareholder assets in the United States.
A complete list of the new Analyst Ratings for 83 U.S. funds that Morningstar assigned in June is available here. A list of the Analyst Ratings for 74 U.S. funds and one target-date series that Morningstar affirmed in June is available here.
A summary of last month’s Morningstar Analyst Rating changes for U.S. funds is available on Morningstar.com in the most recent Fund Spy: Medalist Edition here.
Morningstar launched its Analyst Rating for funds and Global Fund Reports in November 2011. Morningstar Medalists—Gold-, Silver-, and Bronze-rated funds—are funds that analysts determine are likely to outperform their peer groups and/or relevant benchmarks on a risk-adjusted basis over a market cycle of at least five years. The differences between the positive ratings indicate the level of the analyst’s conviction in a fund’s future performance. Analysts arrive at a rating through an evaluation of five key pillars: People, Process, Parent, Performance, and Price. The Analyst Rating methodology for mutual funds is available here and for ETFs here.
To view a complete list and supporting analysis for Analyst Ratings for U.S. funds, please visit www.morningstar.com. Premium Members have access to a Morningstar Medalists screener, where users can sort funds by Morningstar Rating, Morningstar Analyst Rating, Fund Family, Manager Tenure, Expense Ratio, and other metrics. Morningstar’s Global Fund Reports, in-depth research reports that include a wealth of data and analysis, are available in Morningstar DirectSM, the company’s web-based global investment analysis platform for institutional shareholders, and in Morningstar OfficeSM, a global practice and portfolio administration solution for advisors.
Morningstar has about 130 manager research analysts worldwide who cover about 4,270 funds. The company provides data on about 217,000 open-end mutual funds, 11,600 closed-end funds, and 14,100 exchange-traded product listings as of March 31, 2017.

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