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Fund Spy: Morningstar Medalist Edition

A Burst of New Ratings to Start the Year

Nineteen new ratings debuted in January.

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In January, Morningstar Manager Research analysts upgraded the Morningstar Analyst Rating of one fund, downgraded six funds, affirmed ratings on 69 funds, and assigned new ratings to six mutual funds and 13 exchange-traded funds. Below are some of January’s highlights, followed by the full list of ratings changes. 

Upgrades
 T. Rowe Price Institutional Large Cap Growth (TRLGX) was upgraded to Bronze from Neutral, despite a new manager taking over at the start of the year. Taymour Tamaddon replaced Rob Sharps, who ran this fund for 15 years, after Sharps became the firm’s co-head of global equity. Tamaddon joined T. Rowe in 2004 and has experience running a healthcare fund, though this is his first diversified charge. He spent six months working with Sharps on the fund transition and will leverage the research of T. Rowe’s equity analyst team, which has contributed to strong results for the firm’s growth offerings. Combined with low fees and a strong parent in T. Rowe Price, the fund’s building blocks are in place for a strong future. 

Christopher Franz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.