7 Fund Analyst Rating Downgrades in May
We lowered our ratings on funds from Franklin, Morgan Stanley, and Weitz, and initiated ratings on funds from Ariel and Seafarer.
May was a relatively quiet month in terms of changes to the Morningstar Analyst Ratings. There were no upgrades. Seven funds from four fund families were downgraded. Morningstar initiated new ratings on two funds. The majority of funds saw no changes, with ratings for 88 funds and two target-date series reaffirmed during the month. Below are some highlights. All changes are listed in the table below.
Downgrades
A handful of downgrades came from one team at Morgan Stanley that uses the same process at three growth funds spanning the Morningstar Style Box.
Despite having low fees and very experienced management teams, two Franklin muni funds were downgraded.
Sibling
New Ratings
For a list of the open-end funds we cover, click here. For a list of the closed-end funds we cover, click here. For a list of the exchange-traded funds we cover, click here. For information on the Morningstar Analyst Ratings, click here.
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