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Morningstar Quantitative Rating™ for Funds

What is the Morningstar Quantitative Rating™ for funds?

The Morningstar Quantitative Rating for funds is a rating that predicts how a Morningstar analyst would rate a fund. This rating is quantitively generated to expand the number of funds Morningstar can rate.

  • The Morningstar Quantitative Rating for funds mimics the process of how an analyst would rate a fund, expanding the number of available fund ratings.
  • It rates funds based on the Morningstar Analyst Rating™, a forward-looking measure of how a fund can outperform others in its category.

The Morningstar Quantitative Rating for funds functions similarly to the standard Morningstar Analyst Ratings for funds, which is a forward-looking rating on a fund’s ability to outperform other funds in its category. Funds that have been rated as a part of the quantitative methodology have a “Q” superscript.

To designate the Morningstar Quantitative Rating for funds, Morningstar has developed a machine-learning model that replicates our analyst’s decision-making processes. The methodology quantitatively calculates the three-pillar ratings Morningstar evaluates for funds: Parent, People, and Process. After calculating the quantitative rating for these funds, the model then calculates the overall rating for the fund.

The Morningstar Quantitative Rating for funds is available only for open-end funds, exchange-traded funds, variable annuity subaccounts, variable life subaccounts, and UK LP subaccounts that don’t currently have an Analyst Rating and are also in a category that Morningstar rates.