January Ratings Activity in U.S. Includes Many More Downgrades Than Upgrades
Manager turnover triggers several downgrades.
Morningstar research analysts were fairly active in January. Indeed, while we upgraded only one fund last month, we downgraded seven funds plus one target-date series. We also covered three funds for the first time and re-initiated coverage on two funds. The table below lists all of the affected funds. And we highlight the most notable changes here.
Upgrade
Downgrades
The upcoming loss of a skilled fixed-income managers has led us to downgrade
Newly Rated Funds
We re-initiated coverage of
For a list of the open-end funds we cover, click here. For a list of the closed-end funds we cover, click here. For a list of the exchange-traded funds we cover, click here. For information on the Morningstar Analyst Ratings, click here.
United States