Skip to Content
Fund Spy: Morningstar Medalist Edition

These 5 Funds Were Upgraded in October

Five upgrades, seven downgrades, and four new ratings highlight Morningstar Analyst Rating activity.

Mentioned: , , , , , , , , ,

Morningstar manager research analysts published ratings for 146 mutual funds and exchange-traded funds in October. That tally included five upgrades, seven downgrades, and 126 reaffirmations. Another four strategies received inaugural ratings, while four went under review. These qualitative assessments were the last to be published ahead of a methodology enhancement to the Morningstar Analyst Rating for funds. Below are some highlights from the October ratings activity, along with a table of changes for the month. 

Upgrades
BlackRock High Yield Bond’s (BRHYX) Analyst Rating increased to Gold from Silver because its distinctive and versatile approach benefits from one of the strongest teams in the high-yield Morningstar Category. Instead of targeting a sweet spot on the credit-quality spectrum, this fund's managers turn cautious when riskier bonds offer paltry compensation and bold when risk-taking pays. Given the strategy's girth--the $16.8 billion fund represents less than half of the team's over $45 billion high-yield bond market footprint--staying nimble is easier said than done. The managers have leveraged an expansive tool kit and the firm's impressive resources to navigate through various market environments and maintain the fund’s edge over time.

Robby Greengold does not own (actual or beneficial) shares in any of the securities mentioned above. 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:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

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.