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Morningstar Fund Analyst Research and Ratings

A strong foundation for your fund investing

Morningstar delivers ratings and independent analyst-driven research to help you evaluate a fund and its potential role in an investment portfolio. Driven by a team of approximately 100 fund analysts worldwide, we identify the strengths and weaknesses of a fund by examining five key pillars—process, performance, people, parent and price.

Morningstar Fund Analyst Research and Ratings

  • What Is the Difference Between Our Ratings?

    What Is the Difference Between Our Ratings?

    The Morningstar Analyst Rating™ (represented as a shield) expresses Morningstar's forward-looking analysis of a fund. The Morningstar Rating™(commonly known as the star rating) is a numeric assessment of a fund's past performance. Compare Our Analyst Rating to Our Star Rating.

  • The Morningstar Analyst Rating™ Scale

    The Morningstar Analyst Rating™ Scale

    Morningstar analysts assign the ratings on a scale with three positive ratings of Gold, Silver and Bronze, a Neutral rating and a Negative rating. Morningstar Medalists—whether they’ve received a Gold, Silver, or Bronze rating—are funds that our analysts believe will perform better over time when compared to similar investments. View Rating Scale Definitions.

  • Research for Professional Investors

    Research for Professional Investors

    Professional investors can access our fund research reports and discuss them directly with Morningstar's expert fund analysts, via Morningstar Manager Research Services and other Morningstar products and services. More Information.

  • How to Use the Morningstar Analyst Rating

    How to Use the Morningstar Analyst Rating

    You can read about your current investment portfolio or narrow down the options for new investments on Morningstar.co.uk. The Analyst Rating appears in most performance tables and as a filter in many of the website's tools. Select a rating icon to view the summary research report.

  • Should I Read the Summary Research Reports?

    Should I Read the Summary Research Reports?

    No single fund is the best choice for every investor, and even a Gold-rated fund isn't the best option in every circumstance. Our reports describe important context such as market conditions and the impact of fees over time.

  • Analyst Research Methodology:  The Five Pillars

    Analyst Research Methodology: The Five Pillars

    Morningstar evaluates funds based on five key pillars—process, performance, people, parent and price. By looking at all of these factors, our analysts have a broader view of what makes a fund successful over the long term. View Analyst Ratings Overview.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 446,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and had approximately $159 billion in assets under advisement and management as of Dec. 31, 2013. The company has operations in 27 countries.



The Morningstar OBSR Analyst Rating and Morningstar Analyst Rating are collectively referred herein as Morningstar Analyst Rating.

The Morningstar Analyst Rating™ Scale

The Morningstar Analyst Rating™ Scale