announced that its First Western Fixed Income Fund received a 5-Star Overall Morningstar Rating
out of 887 US Intermediate-Term Bond Funds, based on risk-adjusted returns through October 31, 2018.
The Morningstar Rating
is calculated based on a fund's total returns, adjusted for risk and sales charges, relative to other funds in its Morningstar Category.
Rather than start with short-term performance (Morningstar rating
) or cost, consider whether the manager has proven him or herself through different market cycles and has had the guts to look markedly different from the benchmarks despite the career risk of doing so.
The Morningstar rating
methodology judges funds, or unit-linked insurance portfolios in this case, based on the 'Morningstar Risk-Adjusted Return' measure.
Finally, Don Phillips, in 2010's "Star Wars, the Sequel," said "3he Morningstar Rating
for funds is a grade on past performance.
Phillips helped to develop the Morningstar Style Box, the Morningstar Rating
, and other distinctive proprietary Morningstar innovations that have become industry standards.
A low Morningstar rating
does hurt, says the adviser, but five stars don't necessarily make a fund a definite pick.
Morningstar's most famous service is the Morningstar Rating
, which uses a star symbol to rate nearly 2,000 open stock investment trusts.
The fund has a three-star Morningstar rating
. Its benchmark is the MSCI World (EUR).
In addition to weighted-average Morningstar ratings
, the online exhibit provides the total asset-based expense for each 529 option and the portion of this expense accounted for in the option's weighted-average Morningstar rating
* Funds: Type, objective, expenses, holdings, performance, selection tools, and Morningstar rating
. Fund ratings are the only proprietary Morningstar rating
content that appears on the free site.
As of September 30, 2018, the institutional share class of the Fund (Ticker: TBWIX) received an overall five-star Morningstar rating
and its three-year performance ranks in the sixth percentile based on its risk-adjusted return among 655 peers in Morningstar's foreign large blend category.