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Morningstar Upgraded Rating of 1 Fund, Downgraded 7 in January

Last month, Morningstar analysts upgraded the rating of one U.S. mutual fund and downgraded seven funds and one target date series.

The upgraded fund is the Vanguard Market Neutral fund, from Bronze to Silver.

The downgraded funds are:

ASTON/TAMRO Small Cap (Silver to Neutral)
Columbia Acorn International Select (Bronze to Neutral)
Janus Aspen Balanced (Bronze to Neutral)
Janus Balanced (Silver to Neutral)
Janus Flexible Bond (Silver to Neutral)
Janus High-Yield (Bronze to Neutral)
PIMCO Global Advantage Strategy (Bronze to Neutral)
PIMCO RealPath™ Target-Date Series (Bronze to Neutral)

The funds with new ratings are:

AQR Style Premia Alternative LV I (Bronze)
Columbia Dividend Opportunity A (Neutral)
Dreyfus/Standish Global Fixed Income I (Neutral)
T. Rowe Price Tax-Free Income Inv (Gold)
T. Rowe Price Tax-Free Shrt-Interm (Gold)

Also, two funds are under review:

Franklin Strategic Income A (Bronze)
PIMCO Municipal Bond Instl (Bronze)

The target-date series under review is the PIMCO RealPath™ Target-Date Series (Bronze).

Morningstar also affirmed the ratings of 63 U.S. funds in January. That list is available here.

Morningstar’s Analyst Ratings represent the firm’s conviction in a fund's ability to outperform its peers and/or relevant benchmarks on a risk-adjusted basis over a market cycle of at least five years. As of Jan. 31, 2016, Morningstar analysts had assigned a Morningstar Analyst Rating of Gold to 130 unique U.S. funds, a Silver rating to 264 funds, a Bronze rating to 331 funds, a Neutral rating to 292 funds, and a Negative rating to 19 funds.

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