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Fund Spy: Morningstar Medalist Edition

October Ratings Activity Includes a Newly Minted Gold Fund

Seven other Morningstar Medalists are downgraded.

Mentioned: , , , , , , , , ,

Morningstar manager research analysts downgraded seven Morningstar Medalists in October--two of them all the way to Morningstar Analyst Ratings of Neutral--and upgraded one Analyst Rating to Gold. We also rated two funds for the first time, and re-initiated coverage of a third. Some notable changes are highlighted here; a complete list can be found in the table below.

At the close of the month,  Sequoia (SEQUX) was Under Review, owing to the resignation of two independent trustees on the fund’s board of directors amid the controversy over  Valeant Pharmaceuticals (VRX), a huge stake for the fund. The fund's Gold rating has now been reinstated. Premium members can view the Analyst Report page for an updated analysis.

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

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