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Fund Spy: Morningstar Medalist Edition

2 ETF Upgrades Highlight Ratings Activity in August

Morningstar analysts rated 527 share classes and vehicles and 117 unique strategies during the month.

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Morningstar updated the Analyst Ratings for 527 fund share classes, exchange-traded funds, and separately managed accounts/collective investment trusts in August 2020. Of these, 282 maintained their previous rating, 154 were downgrades, 46 were upgrades, 26 were new to coverage, and 19 came Under Review because of material changes, such as manager departures.

Sifting out multiple share classes and vehicles, Morningstar rated 117 unique strategies in August 2020. Of these, five received a rating for the first time, with the rest having at least one investment vehicle type that a Morningstar analyst previously covered. This month's upgrades and downgrades were primarily driven by Morningstar's enhanced Analyst Rating methodology, which places a greater emphasis on fees.

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Stephen Welch does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.