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Kevin McDevitt

Kevin McDevitt, CFA, is a senior manager research analyst for Morningstar.

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We're maintaining our Gold ratings for Artisan International Value and Artisan Global Value as the funds move to having distinct management teams.

Funds experienced inflows in July after losing assets in June, with taxable-bond funds leading the way.

Active U.S. equity funds experienced outflows for the month, too, as investors directed dollars to taxable-bond and international-equity funds instead.

Personnel turnover and increasingly acute liquidity concerns lead to a Negative rating for this always bold, once-stellar performer.

Given its strength during the current bull market, tech could very well be at risk during the next correction, and these funds are taking outsized bets on the sector.

We're lowering our Analyst Rating to Bronze for Tweedy, Browne Global Value, due to relatively high expenses and some management uncertainty on the horizon.

More About Kevin McDevitt

Kevin McDevitt, CFA, is a senior manager research analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers primarily domestic- and international-equity strategies, as well as some multi-asset strategies.

Before rejoining Morningstar in 2009, McDevitt was an associate equity analyst and later managed trust portfolios for AG Edwards, which became Wachovia (now Wells Fargo). McDevitt originally joined Morningstar in 1995. He was a mutual fund analyst from 1996 to 1999 and also held positions within the company’s international team, Morningstar Associates, and Morningstar Investment Services.

McDevitt holds a bachelor’s degree in finance from the College of William & Mary and a master’s degree in business administration from Washington University. He also holds the Chartered Financial Analyst® designation.

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