Morningstar

Portfolio Risk Score

The Morningstar Portfolio Risk Score (MPRS) is a single number that represents the current, forward-looking risk of a given portfolio or investment. It is intended to help any user quickly assess the riskiness of a portfolio or investment.

MPRS is based on estimated volatility of returns, which has advantages vs. a traditional asset allocation approach to measuring risk. Estimated volatility of future returns is based primarily on Morningstar’s Risk Model holdings-based style analysis, but is supplemented with returns-bases style analysis for investments with insufficient holdings information. MPRS is made available for eligible investments as a numeric value range typically between 0 and 100, with scores higher than 100 indicating extreme levels of risk. For additional information on MPRS, please visit https://www.morningstar.com/research/signature to download the latest methodology paper.

A score between 0 to 23 is a conservative risk level, 24 to 47 is moderate, 48 to 78 is aggressive, 79 to 99 is very aggressive, and 100+ would be an extreme risk level.

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