Spring in Our Step: Another Busy Month for Analyst Ratings
The month of May saw a number of significant upgrades and downgrades.
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.
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:
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.