Category Ratingsâ„¢: Identifies funds based on their actual investment styles as measured by their underlying portfolio holdings over the past three years. If the fund is less than three years old, the category is based on the life of the fund.
An investment research company known for its ratings of the performance of mutual funds. Morningstar fund reports are found in the reference section of many libraries.
An independent, Chicago-based company considered the leading provider of mutual fund, stock and variable annuity investment data and analysis. It does not own, operate or hold any interest in mutual funds, stocks or insurance products.
Morningstar is an independent company providing information on mutual funds, stocks, and variable-annuity investments. Their ratings (2, 3, 4,or 5 stars) are overall ratings based on risk-adjusted performance for the time period specified.
An independent mutual fund rating agency that tracks over 7,200 mutual funds. Of those, Morningstar publishes full-page research reports on 1,500. Morningstar's rating system calls for the awarding of between 1 (the lowest) and five (the highest) stars to a fund for its risk adjusted performance over a 3, 5, and 10-year period. Approximately 10% of the funds rated earn five stars. Star ratings are recalculated monthly.
provider of mutual fund, stock, and variable-insurance investment information. ( www.morningstar.com/)
Morningstar is one of the leading mutual fund rating services. A five star rating is Morningstar's top rating. Morningstar's rating has two distinct parts: a risk-assessment measure and a load-adjusted performance (return) measure. Morningstar calculates each rating for three time periods: three, five, and ten years, when available. (A fund must have at least a three-year track record before Morningstar will rate it.) Morningstar categorizes funds in terms of investment philosophy. The various classes are developed by Morningstar and range from classes with hundreds of funds, such as "Growth" and "Foreign Stock," to those with less than two dozen funds, such as "Specialty-Communications" or "Specialty-Health." Morningstar determines a fund's extended asset class by reviewing information in the fund's prospectus or studying how a fund is marketed.
A mutual fund and variable annuity research and reporting company.