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Morningstar Upgraded Ratings of 7 Funds, Downgraded 4 in April

Last month, Morningstar analysts upgraded the rating of seven U.S. mutual funds and downgraded four. In addition, analysts assigned four new fund ratings and placed three funds under review.

The upgraded funds are:


  • AQR Multi-Strategy Alternative I (Neutral to Bronze)

  • CBRE Clarion Long/Short Instl (Neutral to Bronze)

  • Janus Triton D (Neutral to Bronze)

  • Janus Venture D (Neutral to Bronze)

  • LoCorr Managed Futures Strategy A (Negative to Neutral)

  • Matthews China Dividend Investor (Neutral to Bronze)

  • PNeuberger Berman International Eq Instl (Bronze to Silver)


The downgraded funds are:

  • Fidelity Capital Appreciation (Bronze to Neutral)

  • JPMorgan Core Bond Select (Silver to Bronze)

  • T. Rowe Price Small-Cap Stock (Silver to Neutral)

  • Western Asset High Yield I (Bronze to Neutral)


The funds with new ratings are:

  • Blackstone Alternative Multi-Strategy I (Neutral)

  • Fidelity International Growth A (Bronze)

  • JHancock Strategic Income Opps NAV (Silver)

  • Prudential Absolute Return Bond A (Neutral)


The funds placed under review are:

  • Fidelity Advisor Municipal Income T (Silver)

  • Fidelity California Municipal Income (Gold)

  • Fidelity Municipal Income (Gold)


Morningstar also affirmed the ratings of 71 U.S. funds and two target-date series in April. That list is available here.

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