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Portfolio > Mutual Funds > Equity Funds

Morningstar's February Winners & Losers

By Emily Zulz

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In February, Morningstar upgraded the Morningstar Analyst Ratings of four funds and one target-date series, downgraded the ratings of seven funds, and affirmed ratings on 75 funds and three target-date series.

The Chicago-based research group also assigned new ratings to eight funds and placed one fund under review.

The ratings 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.

As of Feb. 28, Morningstar analysts had assigned a Gold rating to 155 unique U.S. funds, a Silver rating to 337 funds, a Bronze rating to 590 funds, a Neutral rating to 690 funds, and a Negative rating to 19 funds.

Morningstar medalists currently account for approximately 6% of unique mutual funds available for sale in the United States and 61% of assets under management.

Upgrades

  1. BlackRock National Municipal (Silver from Bronze)
  2. Ivy Asset Strategy (Neutral from Negative)
  3. iShares MBS ETF (Silver from Bronze)
  4. JPMorgan SmartRetirement Income Target-Date Series (Gold from Silver)
  5. PIMCO Emerging Markets Currency (Bronze from Neutral)

Downgrades

  1. American Century Diversified Bond (Neutral from Bronze)
  2. AQR Large Cap Momentum Style (Neutral from Bronze)
  3. Domini Impact Equity (Negative from Neutral)
  4. Fairholme (Negative from Neutral)
  5. LJM Preservation and Growth (Negative from Neutral)
  6. Longleaf Partners Small-Cap (Bronze from Silver)
  7. William Blair Macro Allocation (Neutral from Bronze)

New Ratings

  1. BlackRock Total Factor (Bronze)
  2. Delaware Healthcare (Neutral)
  3. Dreyfus Global Stock (Silver)
  4. Fidelity Advisor Value (Neutral)
  5. Guggenheim S&P 500 Equal Weight ETF (Bronze)
  6. Loomis Sayles Growth (Silver)
  7. Mondrian International Equity (Bronze)
  8. Principal LargeCap Growth (Bronze)
  9. Vanguard Windsor (Under Review)

Emily Zulz

@think_emilyz

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