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Fund Spy: Morningstar Medalist Edition

8 Upgrades, 11 Downgrades in April

Overall, we published 180 ratings and rated nine new strategies.

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In April, Morningstar manager research analysts rated 180 open-end mutual funds, exchange-traded funds, target-date series, separate account strategies, and collective investment trusts. Nine of these strategies are new to coverage--two of which are model portfolios that provide dynamic, multi-asset exposure to an array of investors. Advisors can customize model portfolios in client accounts, so their performance may vary significantly from the composites.

Across all published strategies, eight ratings were upgraded while 11 were downgraded. Two open-end mutual funds were placed under review.  A select group of ratings are showcased below, followed by the full list of ratings for the month.

Zachary Patzik 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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