Skip to Content
Fund Spy: Morningstar Medalist Edition

62 New Fund Analyst Ratings in March

It was a busy start to spring as we assigned dozens of new ratings, upgraded seven, and downgraded four funds.

Mentioned: , , , ,

A Busy Start to Spring
In March, Morningstar manager research analysts upgraded the Morningstar Analyst Ratings of seven funds, downgraded four funds, affirmed ratings on 79 funds, three target-date series, and one exchange-traded fund, assigned new ratings to 29 mutual funds and 33 exchange-traded funds, and placed one fund under review. Below are some of March's highlights, followed by the full list of ratings changes. 

Upgrades
 Fidelity Overseas (FOSFX) was upgraded to Silver from Bronze thanks to manager Vincent Montemaggiore's solid execution and consistent research process. Montemaggiore, who took over this fund in January 2012, adheres to a value- and quality-oriented philosophy, looking for temporarily undervalued firms that can consistently generate high returns on capital during a three- to five-year period. This focus on quality aided the fund as foreign markets sold off in 2015 and 2016, as did its below-average emerging-markets exposure compared with peers. Montemaggiore's strong stock selection across sectors, particularly in financials and consumer defensive names, has given the fund an edge over its benchmark and peers. From his start date through March 2016, the fund's 10.1% annualized gain beats both the MSCI EAFE Index's 6.7% and the average foreign large-growth peer's 6.0%.

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

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.