Morningstar Fund Ratings: Weekly Round-up

Our weekly round-up of changes to funds' Morningstar Analyst Ratings includes three upgrades to Gold

Jeffrey Schumacher 9 June, 2020 | 1:37PM

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Upgrades

JPM US Value – Gold from Silver

Jeffrey Schumacher

JPM US Value benefits from a long-tenured manager and a proven quality-oriented value approach. In June 2019, Clare Hart took the helm and transformed the fund to match the philosophy and style applied at US-domiciled JPMorgan Growth and Income, which she has managed successfully since March 2004. In 2019, Hart added Andrew Brandon and David Silberman to the management squad. In addition to a core portfolio of reasonably valued quality stocks, it includes some undervalued, lower quality names whose cash flows, earnings, balance sheets, and operating environments are improving and therefore offer a good risk/reward trade-off.

Overall we believe the process is robust and has been well-executed. Under our enhanced ratings framework, which places a greater focus on fees and expected benchmark-relative performance, the Morningstar Analyst Rating for the fund is upgraded to Gold for its cheapest share classes, while more expensive ones land at Bronze or Neutral.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

Jeffrey Schumacher  is a Fund Analyst with Morningstar Benelux.

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