Morningstar has just released another batch
of its ever-controversial, but nonetheless heavily influential analyst ratings.
Fidelity's Spartan 500 Index Inv
was the only fund to net a gold rating, while three Pimco
funds were awarded a silver rating. Mairs & Powers' Growth Fund
netted the last silver rating.
The three silver-rated Pimco funds were the Global Bnd (USD-Hedged
), Frgn Bnd (USD-Hedged)
, Global Bond (Unhedged) Instl
Five funds garnered bronze ratings, including T. Rowe Price's GNMA
fund; Putnam's International Capital Opp A
Fund; Neuberger Berman's Real Estate Tr
fund and two Franklin Templeton Franklin
funds: the MicroCap Value A
and the Flex Cap Growth A
Meanwhile, a total of 16 funds were given Neutral ratings. These included nine target-date funds managed by John Hancock received only neutral ratings, including Retirement Living
products for every five-year interval between 2010 and 2050.
For nearly a year now, Morningstar analysts have been producing forward-looking ratings of mutual funds, looking at such characteristics as parent company, people, performance, price and investment process.
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