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Introducing the Enhanced Morningstar Analyst Rating for Funds

We share the changes and provide a helpful example.

The Morningstar Analyst Rating for Funds is a forward-looking, qualitative rating that Morningstar’s manager-research analysts assign based on their assessment of a fund’s investment merits. We recently enhanced the methodology that underpins the Analyst Rating to make the ratings even more effective and useful to investors. Today marks the first day we’ve rated funds under the enhanced methodology.

In this piece, we’ll briefly review the Analyst Rating, walk through what’s changed under the updated methodology, and present an example that highlights those changes. We’ll also examine ratings trends we’re seeing in the initial batch of funds assessed under the updated methodology. We’ll close by explaining why we’re making the changes and how to use the Analyst Ratings in the months ahead.