Morningstar is uniting its two forward-looking managed investment ratings—the Morningstar Analyst Rating and the Morningstar Quantitative Rating—into a single rating: the Morningstar Medalist Rating.
For investors who are keen to better understand the drivers of our ratings, we will introduce a new datapoint “Analyst Driven %” so there is clarity on the proportion of analyst involvement in each rating, rather than a Q designation on any overall rating of a managed investment. In the same spirit, we will also release a new datapoint “Data Coverage %” for Medalist Rating that will disclose the total amount of input data available when the rating was struck.
For pillars that are rated and written by analysts in funds that carry the Morningstar Quantitative Rating, we will remove the Qs from the pillar scores so they better reflect analyst inputs. Read more.