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Interval funds insights

Interval funds have become one of the most widely used structures for delivering private market exposure to a broader range of investors.

Explore Morningstar research on interval fund performance, liquidity mechanics, fees, portfolio construction, and due diligence considerations. Learn how interval funds provide access to private credit, private equity, real estate, and other alternative investments while balancing investor liquidity needs.

Showing 1 to 12 out of 16
Morningstar’s new cost estimates help investors navigate semiliquid fund fees with greater clarity and consistency.
Blog
5 mins

Introducing Morningstar’s Semiliquid Fund Cost Estimates

Morningstar’s new cost estimates help investors navigate semiliquid fund fees with greater clarity and consistency.
The semiliquid fund market is nearing $600 billion in assets, but its growth has come with important lessons.
Research
36 mins

The State of Semiliquid Funds 2026

The semiliquid fund market is nearing $600 billion in assets, but its growth has come with important lessons.
They make private markets more accessible, but are they worth the price tag?
Blog
17 mins

What Semiliquid Funds Get Right (and Wrong) About Portfolio Construction

They make private markets more accessible, but are they worth the price tag?
Webinar
30 mins

The First of its Kind: The Morningstar Medalist Rating for Interval Funds

Discover how asset managers can thrive beyond mutual funds with niche strategies, ESG, alternatives, and data-driven tools to meet evolving investor needs.
Blog
5 mins

Building a Lasting Product Lineup for the Modern Asset Manager

Discover how asset managers can thrive beyond mutual funds with niche strategies, ESG, alternatives, and data-driven tools to meet evolving investor needs.
Traditional risk models fall short in today's markets. Learn how new tools are redefining risk analysis for hybrid portfolios with private assets.
Blog
5 mins

Evolving Portfolio Analytics for Today's Market

Traditional risk models fall short in today's markets. Learn how new tools are redefining risk analysis for hybrid portfolios with private assets.
In a world where public and private markets are converging, investors need transparency and smarter tools. Laura Lutton shares how Morningstar is building both.
Blog
5 mins

Transparency in Private Markets: Empowering Investor Success

In a world where public and private markets are converging, investors need transparency and smarter tools. Laura Lutton shares how Morningstar is building both.
Blog

The Unappreciated Costs and Risks of Interval Funds

Blog
18 mins

Kunal Kapoor's 2024 Letter to Shareholders

Discover how ETFs have evolved from passive investments to versatile, personalized solutions reshaping modern portfolios. Stay informed on the latest trends to enhance your strategies.
Blog
5 mins

Active ETFs and Alternative Wrappers are Reshaping Investment Strategies

Discover how ETFs have evolved from passive investments to versatile, personalized solutions reshaping modern portfolios. Stay informed on the latest trends to enhance your strategies.
Discover the future of investing with alternative assets. Cliffwater’s Phil Huber reveals insights on interval funds and their growing importance.
Blog
7 mins

Interval Funds: Benefits, Risks, How They Work

Discover the future of investing with alternative assets. Cliffwater’s Phil Huber reveals insights on interval funds and their growing importance.
Blog
4.5 mins

Interval Funds: Purchases, Redemptions and Leverage