January Ratings Activity in U.S. Includes Many More Downgrades Than Upgrades

Morningstar research analysts were fairly active in January. Indeed, while we upgraded only one fund last month, we downgraded seven funds plus one target-date series. We also covered three funds for the first time and re-initiated coverage on two funds. The table below lists all of the affected funds. And we highlight the most notable changes here.

Upgrade

Downgrades

The upcoming loss of a skilled fixed-income managers has led us to downgrade

Newly Rated Funds

We re-initiated coverage of

For a list of the open-end funds we cover, click here. For a list of the closed-end funds we cover, click here. For a list of the exchange-traded funds we cover, click here. For information on the Morningstar Analyst Ratings, click here.