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Fund Spy: Morningstar Medalist Edition

Spring in Our Step: Another Busy Month for Analyst Ratings

The month of May saw a number of significant upgrades and downgrades.

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May was a busy month for Morningstar Analyst Rating changes, with seven upgrades and 12 downgrades. We also initiated coverage on over 90 funds, including a number of new Morningstar Medalists. Some highlights are below, followed by the complete lists of changes.

 PIMCO Total Return (PTTRX) and  Harbor Bond (HABDX) were both upgraded to Silver from Bronze. The change was driven in part by an upgrade to PIMCO's Parent Pillar rating to Positive from Neutral. PIMCO, which is the subadvisor on Harbor Bond, has stabilized in the years following the departure of Bill Gross. The funds' three managers (Scott Mather, Mihir Worah, and Mark Kiesel) have found a productive equilibrium, and the supporting staff has continued to grow rather than shrink.

Brian Moriarty has a position in the following securities mentioned above: PTTRX. Find out about Morningstar’s editorial policies.

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