Morningstar is simplifying its Medalist Rating system, which assesses mutual funds, ETFs, and other investments. The ratings (Gold, Silver, Bronze) indicate expected outperformance. The current method involves analysts or algorithms evaluating People, Process, and Parent pillars. Changes coming in April 2026 will emphasize fees, transparency, and a category-relative approach.

The new methodology will simplify the rating structure, focus on category-relative performance, introduce quantitative calculations, and set fixed thresholds for awarding medals. Morningstar aims to make the evaluation process more transparent and empower investors by highlighting key performance drivers and fees. The changes will be implemented in April 2026.

Read more at Morningstar: Why Are We Updating Our Medalist Rating? Simpler Is Better