According to the official introduction of Morningstar China, Morningstar classifies each fund as performance data of more than 3 years. Among similar funds, the fund ranks according to the "Morningstar Risk-adjusted Return" index: the former 10% rating is 5 stars; The next 22.5% was rated as 4 stars; The middle 35% was rated as 3 stars; Then 22.5% was rated as 2 stars; Finally, 10% was rated as 1 star. When determining the number of funds for each star, the method of rounding is adopted.

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Precautions for Morningstar rating

1, Morningstar rating is a ranking indicator, not a revenue indicator. Therefore, in a bear market, loss-making funds may also be rated as 5 stars, as long as they lose less than others. In a bull market, funds that make money may also have a star rating of 1, if they earn less than others.

Morningstar rating is based on past performance, which means that past performance is good, but future performance is not good.

3. If the fund manager changes, the Morningstar star will not change accordingly. Therefore, the rating results may only reflect the performance of the former fund manager in managing the fund.