From Morningstar: 2024-05-09 11:52:00

Morningstar has combined its Analyst and Quantitative Ratings into a single Medalist Rating in 2023. This change simplifies strategy search and investment selection, providing a unified view based on comprehensive data points.

Since 1986, Morningstar has conducted research on active and passive funds. Initially, ratings were based on qualitative analysis by analysts, then expanded to include quantitative ratings in 2017. The Medalist Rating now combines both approaches to offer a full forward-looking view on all rated strategies.

The transition to the Medalist Rating reflects Morningstar’s commitment to providing investors with a more streamlined and robust rating system. The growth of managed investment products necessitated this change, with over 750,000 live investment vehicles globally by the end of 2022. The new rating system aims to simplify the investment decision-making process for clients and readers.

The introduction of the Morningstar Medalist Rating does not alter the underlying methodology of Morningstar’s ratings. While the display names have changed, the rating levels and methodology remain the same. The updated system enhances transparency by introducing new data points that show the involvement of analysts and data availability in the rating assignment process.



Read more at Morningstar: How do Morningstar’s Medalist Ratings Work?