Morningstar Risk Rating

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Morningstar Risk Rating

A measure of a mutual fund's risk compared to other, similar mutual funds. For example, it may compare the volatility of a bond fund to other bond funds. A mutual fund with average risk receives a Morningstar risk rating of 1. Riskier funds receive higher ratings.
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See below for Morningstar Ratings for 3-Year and 5-Year periods.
This article shows CPAs how to use Morningstar ratings of the underlying mutual funds to evaluate a state's 529 portfolio options.
The overall Morningstar ratings for Neuberger Berman High Income Bond Fund--Investor Class for the 3-, 5- and 10-year periods ended December 31, 2011 were 4 stars (out of 499 high yield bond funds), 5 stars (out of 430 high yield bond funds) and 4 stars (out of 291 high yield bond funds), respectively.
In addition, the Fund received a five star rating by Morningstar (the highest rating given by Morningstar) for the three-year and overall categories in the US Open-End Short Government Category, ranking 1 out of 134 investments in that category, as of 12/31/2011 (see information about Morningstar ratings below).
The Overall Morningstar Rating for the fund was derived from a weighted average of its 3-year Morningstar Ratings metrics, which are based on risk-adjusted return performance.
Morningstar ratings are based on historical risk-adjusted returns which are not indicative of future results.
The Overall Morningstar Rating for a fund was derived from a weighted average of the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings metrics, which are based on risk-adjusted return performance.
The Overall Morningstar Rating for a fund is derived from a weighted average of the risk-adjusted return performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Ratings.
The Morningstar Ratings are derived from a weighted average of the strategies' 3-, 5-, and 10-year risk-adjusted return measure, if applicable, relative to other strategies in the same Morningstar category.
Morningstar Ratings are for the share classes cited only; other classes may have different performance characteristics and different Morningstar ratings.
The Morningstar Ratings are a measure of the fund's risk-adjusted returns over the previous three-year timeframe, relative to other funds in the same Morningstar category.
Morningstar Ratings shown are for No Load share class only; other classes may have different performance characteristics.