Fund Spy

5-Star Funds That Are Less Than Meets the Eye

Russel Kinnel

More often than not, the Morningstar Rating for funds, or "star" rating, and the Morningstar Analyst Rating are in general agreement. But there are times when there’s a sharp contrast between the two.

The star rating is a purely quantitative, backward-looking measure that rates funds based on their risk-adjusted returns over three-, five-, and 10-year periods. Funds are rated versus their Morningstar Category peers and then given star ratings, with equal numbers above and below 3 stars. The star rating is updated monthly.

Russel Kinnel does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.