Morningstar says it has raised its ratings on eight funds, downgraded ratings for seven funds and affirmed ratings for 95 funds and two target-date series in August.
It also affirmed ratings on 95 funds, as well as two target-date series.
The Morningstar Analyst Ratings represent analysts’ views that a fund can outperform its peers on a risk-adjusted basis over the long term. The five-tiered, qualitative scale has three positive levels — Gold, Silver and Bronze — as well as neutral and negative ratings.
As of Aug. 31, 138 U.S. funds have a Gold rating, 334 have a Silver rating, and 546 funds have a Bronze rating.
A large number of funds, 603, are rated Neutral, with only 11 receiving a Negative rating.
Funds with a Medalist rating now represent about 6% of unique mutual funds available for sale in the United States, but 59% of assets under management, as tracked by the research group. Its analysts rate some $10.5 trillion of U.S. investor assets overall, or roughly 67% of total investor assets.