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Morningstar

A Solid Output of Ratings in September

Analysts updated several funds that you may already know and brought some new names into the mix.

In September, Morningstar manager research analysts upgraded the Morningstar Analyst Ratings of seven funds, downgraded the ratings of two funds, and affirmed ratings on 77 funds. The team also assigned new ratings to 20 mutual funds and one exchange-traded fund, and placed one fund Under Review. Below are some of September’s highlights, followed by the full list of ratings changes.

Upgrades:

Individually, Prudential Jennison Growth’s seasoned management team, consistent process, and below-average fees are the subsequent drivers of its Gold rating. Comanagers Michael Del Balso, Kathleen McCarragher, and Sig Segalas have comanaged this fund for nearly two decades and collaborate with the fund’s experienced analyst team to employ a bottom-up, fundamentally driven approach that focuses on the durability of a company's growth and favors businesses with strong balance sheets, excellent research and development skills, and wide moats. These positives are only bolstered by the fund’s below-average fees.

Downgrades:

The rating for

New Ratings:

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About the Author

Kenneth Oshodi

Data Researcher - Portfolio Analytics
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Ken Oshodi is a manager research analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers fixed-income strategies.

Before joining Morningstar in 2016, Oshodi was a senior financial associate for Oppenheimer & Co. for three years, where he performed investment research and portfolio construction. He has also held positions at First Bank & Trust and JPMorgan Chase.

Oshodi holds a bachelor’s degree in jazz studies from The Juilliard School. He is a Level II candidate in the Chartered Financial Analyst® program.

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