Morningstar Research Services recently updated its Investment Research Integrity Policy for the manager research group to exclude from the universe of strategies assigned a Morningstar Analyst Rating for funds all investment strategies that invest more than certain amounts in investments tracking Morningstar Indexes. As a result, analysts will not cover strategies holding Morningstar Index-related investments at or above the following percentages:
Will SMTAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SMTAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the SMTAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of SMTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.