Communication Services Medalist Funds

Funds and ETFs in this sector focus on companies that provide communication services using fixed-line networks or those that provide wireless access and services. Communication Services companies also provide Internet services such as access, navigation and internet-related software and services. Here we highlight those strategies that also received a Gold, Silver, or Bronze Morningstar Medalist Rating by our analysts. The Medalist Rating is a forward-looking assessment of an investment strategy. The rating is on a five-tier scale running from Gold to Negative. For actively managed strategies, Morningstar assigns Gold, silver, and Bronze ratings to vehicles expected to add value over the long term when compared with a relevant Morningstar Category index after accounting for fees and risk. For passive strategies, funds and ETFs with top ratings are expected to deliver alpha that exceeds the lesser of the category median net alpha, or zero, over the long term.