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Fund Spy: Morningstar Medalist Edition

August Ratings Heat Up

No summer holiday for new analyst ratings.

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In August, Morningstar manager research analysts affirmed the Morningstar Analyst Ratings of 95 funds and two target-date series, upgraded the ratings of eight funds, downgraded the ratings of seven funds, and assigned new ratings to 48 funds. Below are some of August’s highlights, followed by the full list of ratings changes.

The rating for  PIMCO Mortgage Opportunities (PMZIX) was raised to Silver from Bronze because of continued improvements at the firm and the fund’s reasonable fee level. Dan Hyman, who co-heads PIMCO’s agency mortgage portfolio management team, has run the fund since its 2012 inception. Hyman and team rely on PIMCO’s deep economic outlook to craft a benchmark-agnostic portfolio, which has an absolute return, Libor-based return target.

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

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