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Morningstar Announces Winners of 2017 Korea Fund Awards
SEOUL, 15 March 2017— Morningstar Korea, Ltd., a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has announced the winning funds and fund houses of its 2017 Korea Fund Awards.

The annual Morningstar Korea Fund Awards are designed to help investors identify the retail funds and fund houses that added the most value for investors within the context of their relevant peer group in 2016 and over longer time periods. Morningstar selects the winners using a quantitative methodology with a qualitative overlay that considers the one- and three-year performance history of all eligible funds as well as fund managers’ tenure, and adjusts returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility.

“Over the years, we have earned trust from investors because we translate a flood of information into research that gives them the stories behind investments and the context to make informed decisions,” Jungtae Chae, Chief Executive Officer for Morningstar Korea, said. “It’s our honor to recognize outstanding achievement in investment management again this year through the Morningstar Awards.”

“All of our winners delivered strong three-year returns after adjusting for risk, in addition to outperformance of their peers during the last 12 months,” Andy Jung, Morningstar’s Director of Manager Research in Korea, said. “These funds have demonstrated that they have the ability to earn strong returns over the long term without undue risk. We believe that taking a patient, long-term view to investing will ultimately help investors reach their financial goals.”

The winners of the 2017 Morningstar Korea Fund Awards are:


Best Korea Large-Cap Equity Fund / Baring High Dividend Equity Fund (Feeder) Class A

Best Korea Small/Mid-Cap Equity Fund / NH-Amundi Allset Growth Mid and Small Cap SIT [Equity] Class Ce

Best Korea Bond Fund / Tongyang HighPlus Government and Agency Bond Investment Trust 1 Ce

Best Korea Cautious Allocation Fund / Baring Retirement Pension Dividend Fixed Income Bal. 40 Fund (Feeder) Class C

Best China Equity Fund / Eastspring Investments China Dragon A Share Securities Baby Investment Trust (UH) [Equity] Class C-E


Best Korea Equity Fund House / Shinyoung Asset Management

Best Korea Bond Fund House / Korea Investment Management

Best International Equity Fund House / Samsung Asset Management

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Notes to Editors:
The Morningstar fund category awards are based on Morningstar fund data as of 31 December 2016. The awards methodology emphasises the one-year period, but funds must also have delivered strong three- year returns after adjusting for risk within the awards peer groups in order to obtain an award. For the full methodology, please click here.

This press release is for informational purposes only; references to securities in this press release should not be considered an offer or solicitation to buy or sell the securities.

About Morningstar Korea, Ltd. and Morningstar, Inc.
Morningstar Korea, Ltd. is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than USD$200 billion in assets under advisement and management as of 31 December 2016. The company has operations in 27 countries.

Morningstar expanded to Asia in April 2000 and has grown its businesses into Japan, Korea, India, mainland China, Taiwan, Singapore, Thailand, and Hong Kong. The Asia operations not only offer timely information on mutual funds, but also insightful and independent analyses, unbiased fund ratings, and sophisticated analytical tools to help both individual and professional investors make better investment decisions.

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