The Morningstar Rating™ is based on a fund’s performance against a peer group of open-end funds in the same Morningstar Category, adjusting for risk and sales charges. The top 10% of each Morningstar Category receive five stars, the next 22.5% four stars, the middle 35% three stars, the next 22.5% two stars, and the bottom 10% one star.
Morningstar Risk helps you evaluate variations in a fund's monthly returns in comparison to its AIC Sector, The greater the variation, the larger the risk score. You can also use standard deviation to screen by fund volatility.
Use the return screens to find funds that have outperformed their sector average or a specific return threshold.
Read more in our glossary…