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Morningstar Mutual Funds


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Organized. Informative. Exclusive.

Morningstar’s well-organized reports put a complete profile of a fund or category of funds on one page. By presenting a consistent set of data across all funds in the binder, it’s easier to conduct fund comparisons and identify the most advantageous investment opportunities.

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Gain insight from Morningstar’s standard one-page fund report

Morningstar’s one-page reports succinctly summarize years of performance data and clearly present risk and portfolio holdings in a variety of measures. They also include exclusive Morningstar data, such as the Morningstar Rating™, Morningstar Style Box™, and Morningstar Category, as well as the Morningstar analyst’s “take” on the fund.


Manager Strategy Morningstar analysts explain the criteria a manager uses in selecting securities and the riskiness of a given approach. With bond funds, this section explains whether the manager makes interest-rate and credit-quality bets or instead attempts to add value with individual security selection.


Morningstar Style Box Nine-square grid that, for equity funds, depicts three investment styles (value, growth, and blend) for each of three size categories (small, mid, and large). For fixed-income funds, it displays three groups of interest-rate sensitivity (high, medium, and low) based on average effective duration, and three credit-quality groups (high, medium, and low). The Style Box provides an easy-to-follow visual representation of fund characteristics that enables informed comparisons and portfolio construction based on a fund’s holdings.


Ratings and Risk Includes the Morningstar Rating, an assessment of a fund's past performance—both return and risk—as measured from one to five stars. Also details Morningstar Risk and Return versus a category average and other risk measures.


Morningstar Category System of grouping funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio statistics and compositions over the past three years).


Historical Results for up to 12 Years Presents fund performance, relative rankings, expenses, turnover rates, and more, making it easy to compare funds.


Portfolio Analysis Explains which stocks a fund owns, whether it holds bonds or cash, and what sectors it favors and avoids.


Morningstar’s Take Independent, straight-shooting analysts reveal their thoughts about the funds, specific stocks, and market trends.


Sector Weightings Morningstar Sectors divide the economy into three primary sectors: the Information Economy, the Service Economy, and the Manufacturing Economy, in addition to 12 industry groupings.


Portfolio Composition Breakdown of the fund's portfolio holdings into general investment classes: Stocks, Bonds, Cash, and Other. Also includes the percentage of foreign stocks in the portfolio.


Fees and Expenses Percentage of fund assets allocated to operating expenses, administrative, management, and 12b-1 marketing fees, and all other asset-based costs incurred by the fund, except brokerage costs.

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