In May, Morningstar analysts upgraded two U.S. mutual fund ratings, downgraded eight fund ratings and placed three funds under review. The upgraded funds are:
• BlackRock Multi-Asset Income Investor A, upgraded from Neutral from Bronze
• Natixis ASG Managed Futures Strategy A, upgraded from Neutral to Bronze
The downgraded funds are:
• AQR Risk Parity I: Silver to Bronze
• Columbia Acorn International Select Z: Silver to Bronze
• Eaton Vance Floating Rate I: Silver to Bronze
• Eaton Vance Floating-Rate Advantage B: Silver to Bronze
• FPA Capital: Silver to Bronze
• Janus Aspen Overseas Instl: Bronze to Neutral
• Janus Overseas D: Bronze to Neutral
• Loomis Sayles Global Bond Instl: Silver to Bronze
New ratings were assigned to:
• AQR Risk Parity I: Bronze
• Harding Loevner Frontier Emerg Mkts Inst: Neutral
• Mairs & Power Small Cap: Silver
A summary of May's Morningstar Analyst Rating changes for U.S. mutual funds 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 May 31, 2015, 134 U.S. funds had a rating of Gold; 275 funds had a Silver rating; 342 funds were rated Bronze; 282 funds had a Neutral rating; and 38 funds were rated Negative.
