2 High-Yield Bond Funds Secure Silver Ratings in May
We share some highlights from this month.
Morningstar updated the Analyst Ratings for 601 fund share classes, exchange-traded funds, and separately managed accounts/collective investment trusts in May 2021. Of these, 487 maintained their previous rating, 38 were downgrades, 39 upgrades, 29 were new to coverage, and eight were placed under review because of material changes, such as manager departures.
Sifting out multiple share classes and vehicles, Morningstar rated 148 unique strategies in May 2021. Of these, seven received an Analyst Rating for the first time, with the rest having at least one investment vehicle type that a Morningstar analyst previously covered. Below are some highlights of the upgrades, downgrades, and new to coverage.
Stephen Welch does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.