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Portfolio > Mutual Funds

Morningstar’s January Winners & Losers

By Janet Levaux

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Morningstar says it has raised its ratings on seven funds, downgraded ratings of one fund and one target-date series, and affirmed ratings for 92 funds and six target-date series in January.

The Chicago-based research group also gave new ratings to three funds. 

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 Dec. 31, Morningstar analysts had assigned Gold ratings to 145 U.S. funds, Silver ratings to 344 funds, Bronze ratings to 591 funds. The research firm says 688 funds have Neutral ratings, while 18 have Negative ratings.

Morningstar Medalists currently account for about 6% of individual mutual funds available for sale in the United States and 61% of assets under management.

The firm’s research analysts assign ratings to roughly $11.9 trillion of U.S. investor assets, or some 69% of total investor assets.

Read on for more details on Morningstar’s January 2018 updates:

Upgrades

  • Fidelity Small Cap Discovery (Silver from Bronze)
  • Vanguard Strategic Equity (Silver from Bronze)
  • Vanguard US Value (Silver from Bronze)
  • American Funds Intermediate Bond Fund of America (Bronze from Neutral)
  • T. Rowe Price New America Growth (Bronze from Neutral)
  • Carillon Eagle Mid Cap Growth (Bronze from Neutral)
  • Invesco Balanced-Risk Allocation (Bronze from Neutral)

 Downgrades

  • Fidelity Advisor Small Cap (Bronze from Silver)
  • Principal LifeTime Target-Date Series (Neutral from Bronze)

 Funds with new Morningstar ratings, include these funds:

  • Natixis Oakmark International (Silver)
  • Morgan Stanley Institutional Global Franchise (Bronze)
  • Hood River Small-Cap Growth (Neutral)

— Check out Fund Managers of 2017: Morningstar on ThinkAdvisor.

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