Podcast Center
Video Center
Webcasts
Resource Center
Events
November 13, 2015 at 08:30 AM
Morningstar (MORN) said Monday that it changed the ratings on 8 funds in October – including some funds sold by Vanguard and PIMCO.
According to the fund research group, its research analysts upgraded one U.S. fund and downgraded seven funds last month. Also, analysts affirmed ratings for 55 funds and six target-date series and assigned three new fund ratings.
The Morningstar Analyst Rating for funds represents analysts’ conviction in the fund’s ability to outperform on a risk-adjusted basis over the long term.
Its five-tiered, qualitative Morningstar Analyst Rating scale has three positive levels or Morningstar Medalists — gold, silver and bronze — in addition to neutral and negative ratings.
As of Oct. 31, 132 U.S. funds have a gold rating, 274 funds had a silver rating and 352 funds had a bronze rating. There are 271 funds with a neutral rating and 31 with a negative rating.
