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Fund Spy: Morningstar Medalist Edition

March Ratings Activity Features a Flurry of Downgrades

Two prominent Gold-rated funds were downgraded.

Mentioned: , , , , , , , , ,

In March, Morningstar manager research upgraded the Morningstar Analyst Ratings of five funds and downgraded 11. Analysts also assigned 10 new fund ratings. The table below lists all the changes, and some notable ones are highlighted here.

 ClearBridge Appreciation’s (SHAPX) record of downside protection, experienced managers, and below-average fees inspire confidence that it will continue to outperform over a full market cycle. It is a great fund for cautious investors and was upgraded to Silver from Bronze.

Andrew Daniels has a position in the following securities mentioned above: BHC, MSFT, DIS, FMIJX. Find out about Morningstar’s editorial policies.