Navigate Semiliquid Funds with Morningstar’s New Medalist Ratings

Morningstar’s new Medalist Ratings deliver independent, bottom-up assessments for semiliquid funds—offering transparency in a segment that sits between mutual funds and private markets. Our launch marks a major step in helping financial professionals evaluate fund quality, risk, and potential returns when navigating these increasingly popular vehicles.

These ratings draw on Morningstar expertise and are tailored to the unique challenges of assessing semiliquid fund structures, including liquidity and valuation of private assets.