The Morningstar rating of the fund is based on the performance and risk of the fund. This is a rating system developed and maintained by Morningstar Company. Morningstar evaluates the performance and risk level of the fund in the past year, three years and five years, and gives a rating of one to five stars. Five-star is considered as the highest rating, indicating that this is a high-quality fund with stable performance and low risk.

The Morningstar rating of the fund is one of the references for investors to choose the fund. Many investors believe that high-rated funds have better performance because they are considered as high-quality funds. However, like all investment-related things, Morningstar rating is only a guide, and there is no guarantee that the fund will perform well. Investors should consider many factors, such as fund cost, management team and investment strategy. , make investment decisions.

In addition to Morningstar rating, investors can also refer to other fund rating systems, such as Morningstar Analysis and Lipper. Different rating systems may be based on different indicators and methods. Therefore, investors should understand different rating systems and choose the most suitable fund according to their investment objectives and risk tolerance.