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What is a Morningstar Category?

A category is a way to group investments based on similar risk, return, and behavior profiles.

Investments can be categorized by several factors: sector exposure, geographic region, or asset allocation, to name a few. Morningstar categorizes investments using the Morningstar Category.

Different investment categories behave differently. For example, funds in the small growth Morningstar Category have different risks and returns than funds in the large value Morningstar Category. By assessing these category differences, investors can better search for investments that suit their needs.