In November, Morningstar analysts upgraded the ratings of two U.S. mutual funds and downgraded seven. In addition, analysts assigned new ratings to eight funds and placed three funds under review.
The upgraded funds, Fidelity Short-Term Bond T. Rowe Price International Discovery, went from Bronze to Silver.
The downgraded funds are:
Fidelity® Leveraged Company Stock (Silver to Bronze)
GoodHaven (Bronze to Neutral)
MainStay ICAP Equity I (Bronze Neutral)
MainStay ICAP Select Equity I (Bronze to Neutral)
MainStay ICAP International I (Bronze to Neutral)
Prudential Jennison Equity Income C (Bronze to Neutral)
Royce Premier Invmt (Silver to Bronze)
The funds with new ratings are:
Fidelity Advisor Asset Manager® 30% A (Bronze)
Fidelity Advisor Asset Manager® 40% A (Bronze)
Fidelity Advisor Asset Manager® 60% A (Neutral)
Fidelity Asset Manager® 20% (Bronze)
Fidelity Asset Manager® 50% (Neutral)
Fidelity Asset Manager® 70% (Neutral)
Fidelity Asset Manager® 85% (Neutral)
PIMCO RealPath™ 2055 A (Bronze)
The three funds under review are:
Columbia Large Cap Growth III A (Neutral)
Columbia Large Cap Growth V A (Neutral)
Vanguard Energy Inv (Gold)
Morningstar also affirmed the ratings of 58 U.S. funds and four target-date series in November. 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 Nov. 30, 2015, Morningstar analysts had assigned a Morningstar Analyst Rating of Gold to 130 unique U.S. funds, a Silver rating to 272 funds, a Bronze rating to 348 funds, a Neutral rating to 272 funds, and a Negative rating to 31 funds.
