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Portfolio > Mutual Funds > Equity Funds

Morningstar’s March Winners & Losers

By Emily Zulz

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Morningstar published its monthly summary of Morningstar Analyst Rating activity for 182 U.S. mutual funds and exchange-traded funds and two target-date series that occurred in March 2018.

In March, Morningstar research analysts assigned new ratings to nine funds, upgraded the ratings of seven funds, downgraded the ratings of seven funds, and placed 10 funds’ ratings under review.

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.

As of March 31, 2018, Morningstar analysts had assigned a Morningstar Analyst Rating of Gold to 156 U.S. funds, a Silver rating to 325 funds, a Bronze rating to 595 funds, a Neutral rating to 695 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 60% of assets under management.

The following Morningstar Analyst Rating changes occurred in March 2018:

Upgrades

  1. AIG Flexible Credit (Neutral from Negative)
  2. Columbia Large Cap Enhanced Core (Bronze from Neutral)
  3. Fidelity Advisor International Growth (Silver from Bronze)
  4. Fidelity China Region (Bronze from Neutral)
  5. Fidelity Equity-Income (Bronze from Neutral)
  6. MFS Global Equity (Gold from Silver)
  7. T. Rowe Price Small-Cap Stock (Bronze from Neutral)

Downgrades

  1. BlackRock Inflation Protected Bond (Neutral from Bronze)
  2. Broadview Opportunity (Bronze from Silver)
  3. Columbia Acorn International (Neutral from Bronze)
  4. DFA Emerging Markets (Bronze from Silver)
  5. Franklin Mutual Quest (Bronze from Silver)
  6. iShares Currency Hedged MSCI Japan ETF (Neutral from Bronze)
  7. iShares MSCI Japan ETF (Neutral from Bronze)

New Ratings

  1. Fidelity Equity Dividend Income (Neutral)
  2. Fidelity Select Consumer Discretionary (Neutral)
  3. Goldman Sachs Satellite Strategies (Neutral)
  4. McDonnell Intermediate Municipal Bond (Neutral)
  5. Neuberger Berman Core Bond (Neutral)
  6. RiverPark Short Term High Yield (Neutral)
  7. Rowe Price International Concentrated Equity (Bronze)
  8. Rowe Price Small-Cap Stock (Bronze)
  9. Rowe Price Concentrated Equity (Bronze)

Under Review

  1. Columbia Floating Rate (Bronze)
  2. Vanguard CA Intermediate-Term Tax-Exempt (Silver)
  3. Vanguard CA Long-Term Tax-Exempt (Silver)
  4. Vanguard High-Yield Tax-Exempt (Silver)
  5. Vanguard Intermediate -Term Tax-Exempt (Silver)
  6. Vanguard Long-Term Tax-Exempt (Silver)
  7. Vanguard Limited-Term Tax-Exempt (Silver)
  8. Vanguard NY Long-Term Tax-Exempt( Silver)
  9. Vanguard Short-Term Tax-Exempt (Silver)
  10. Wells Fargo Asset Allocation (Neutral)

—Related on ThinkAdvisor:

Emily Zulz

@think_emilyz

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