How Highly Does Fidelity Rate?
A look at the hits and misses in Fidelity's lineup.
Since launching the Morningstar Analyst Rating nearly a year ago, Morningstar analysts have assigned ratings to 80 Fidelity offerings. The rating, which is based on analysts' assessment of the people, process, performance, parent, and price behind the funds, now covers more than 1,000 funds in the United States.
As a shop, Fidelity fared decently. Of the 80 Fidelity funds Morningstar analysts rated, 45, or 56%, garnered a positive rating--that is, Bronze or better. A hefty chunk--31 funds--landed in Neutral territory, with just four earning a Negative rating. To put that in context, its largest competitors--American Funds, T. Rowe Price, and Vanguard--scored better. In American's case, 27 of 35 funds (77%) rated by Morningstar analysts notched positive ratings. At T. Rowe, 44 of 53 funds (81%) rated positively. Vanguard shone most brightly, with 74 of 80 rated funds (92%) notching positive ratings. None of the three shops had a Negative rating in its lineup.
Christopher Davis does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.