A Solid Output of Ratings in September
Analysts updated several funds that you may already know and brought some new names into the mix.
In September, Morningstar manager research analysts upgraded the Morningstar Analyst Ratings of seven funds, downgraded the ratings of two funds, and affirmed ratings on 77 funds. The team also assigned new ratings to 20 mutual funds and one exchange-traded fund, and placed one fund Under Review. Below are some of September’s highlights, followed by the full list of ratings changes.
Prudential Jennison Growth (PJFAX) was upgraded to a Gold rating from Silver because of continued improvements at its parent company. PGIM has notable strengths, including a positive culture, and it has continued to move in the right direction. Board trustees have pushed for lower fees, and manager investment in the Prudential funds has also improved.
Kenneth Oshodi does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.