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Seasons Change, but Many Ratings Stay the Same

Amid a handful of revisions, Morningstar affirmed 135 Analyst Ratings in October.

In October, Morningstar manager research analysts affirmed the Morningstar Analyst Ratings of 135 funds, upgraded the ratings of seven funds, downgraded the ratings of five funds, and assigned new ratings to 36 funds. Below are some of October's highlights, followed by the full list of ratings changes.

Upgrades

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New Ratings

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About the Author

Christopher Franz

Associate Director
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Christopher Franz is an associate director of equity strategies for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc.

Prior to rejoining Morningstar Research Services LLC in 2021, he spent two years with Morningstar Australasia in Sydney, where he served as a senior analyst and environmental, social, and governance strategist, conducting qualitative research on Australian and New Zealand fund managers and leading the team's ESG-related research. Franz initially joined Morningstar in Chicago in 2016, where he focused on U.S. small- and mid-cap strategies. Before joining Morningstar, Franz spent four years as a research analyst for Westwood Holdings Group, where he focused on external manager research and due diligence.

Franz holds a bachelor's degree in financial analysis from Creighton University. He also holds the Chartered Financial Analyst® designation.

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