N/A means null, which is often seen in excel. That is to say, there is no star rating

, which is the rating of Morningstar. The more stars, the better the original performance of this fund, with a maximum of five stars, which is a bit like a military rank, with a minimum of one star.

Morningstar, Inc first introduced the fund rating in 1985. With the help of star rating, it helps investors to analyze the past performance of each fund in similar funds more easily.

Morningstar only rates funds for more than one year, so some funds are not rated.

Morningstar's method

Morningstar insists on analyzing the fundamentals of securities and assets. The analysis of funds and insurance products will be traced back to the specific securities of their portfolios. Morningstar does not predict the short-term market fluctuations and trends such as stock prices, but determines whether its market price deviates from the company's own value by calculating the company's real intrinsic value. In terms of investment and financial planning, Morningstar believes that individual investors should understand the process and principles of investment and consider investment strategies and behaviors at the portfolio level. Because whether you can achieve the financial goals that suit your personal circumstances and requirements is the only criterion to measure the success of your investment.