Morningstar company (

Morningstar company

) is currently one of the most important investment research institutions in the United States. Morningstar rating is a relative rating, and funds with a history of more than one year should participate in this rating. The whole rating process is produced by Morningstar after considering the combination of income and risk, and all the assessment indicators are the most comprehensive.

10%

The fund will be assessed as

"

five stars

"

The more stars, the safer the investment.

2.

Investors should pay attention to the following items when using Morningstar rating:

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.

Morningstar stars compare similar funds. Among all types of funds, 65,438+00% of funds with performance of one year or more won five stars. If the risk-adjusted returns of a certain type of fund are all negative during the calculation period, the risk-adjusted returns of five-star funds in this type of fund may also be negative.

Morningstar star rating results are updated regularly every month. Investors should not use the decline of star rating as a guide to sell funds. The change of Morningstar star rating results does not necessarily mean the decline of fund performance, but may only be caused by the improvement of other similar funds.