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Post by Admin/YBB on Mar 11, 2021 10:04:41 GMT -6
www.morningstar.com/content/dam/marketing/shared/pdfs/Research/Morningstar_Category_Definitions_for_Funds_US.pdf?cid=RED_RES0002[highlight link text--Go to http://www....; or highlight link text--copy (don't copy link address)--paste in a new tab to open] ".....In the United States, Morningstar supports 127 categories, which map into nine category groups (U.S. equity, sector equity, allocation, international equity, alternative, commodities, taxable bond, municipal bond, and money market). The category group indexes and category indexes listed with each category are used in Morningstar’s tools and reports to show performance relative to a benchmark..... Morningstar engages in a formal category review process organized by Category Group. Each Category Group is reviewed twice each year: U.S. Equity, Sector Equity, International Equity are reviewed in April and September; Alternative, Allocation, and Commodities are reviewed in April and October; Taxable Bond and Municipal Bond are reviewed in July and November. The month listed corresponds to when fund companies are notified of proposed category changes and are given the opportunity to appeal the proposals....."
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Post by Admin/YBB on Apr 25, 2021 19:25:45 GMT -6
REPOST from M* yogibearbull (Customer) asked a question. Edited 2h ago Multi-Asset Category I suggest that M* consider breaking out Multi-Asset category within its Fund Category classification, last updated 4/30/2019. Rationale is presented in this link on another site: ".....[It] has a mix of stocks-bonds-alternatives. Their components are broader, so stocks include US and foreign [but usually not enough for world-allocation] stocks; bonds include investment-grade, HYs, EMs, convertibles, preferreds [some have "stock" in their name but are really longish bonds for holders]; alternatives include real estate, commodities, hedge-fund like strategies. These tend to have higher ERs, so they are pushed by advisors and brokers. These are also being hyped as novel replacements for traditional allocation/bond funds, but IMO, require only a slight modification in the definition/scope of allocation/balanced categories. But beyond the hype/PR, there is some merit to these.....M* doesn't yet have a separate category for multi-asset funds and they get assigned to existing M* categories....." armchairinvesting.freeforums.net/thread/1393/multi-asset-funds |
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Post by Admin/YBB on Jun 28, 2021 18:36:49 GMT -6
M* has had a couple of articles recently on changes to its fund categories that went into effect in April 2021. I have been watching M* Research Library area for the new fund category document. But there was only April 2020 document posted UNTIL TODAY. So, now we can see all the changes to M* fund categories. Most changes are in Alternatives and Nontraditional areas. I hope that in future it refines the Short-Term Bond category just as it did the Intermediate -Term Bond category (into Core, Core-Plus); and also the Munis into core and core-plus categories. www.morningstar.com/content/dam/marketing/shared/pdfs/Research/Morningstar_Category_Definitions_for_Funds_US.pdf?cid=RED_RES0002(highlight link text--Go to http://www....; or highlight link text--copy (don't copy link address)--paste in a new tab to open) " ChangesApril 30, 2021× Added Macro Trading, Event Driven, Relative Value Arbitrage, Derivative Income, Options Trading, Multistrategy, Equity Market Neutral, World Large-Stock Growth, World Large-Stock Blend, World LargeStock Value, and Target-Date 2065+ × Added U.S Category Groups Nontraditional Equity and Miscellaneous × Retired Long-Short Credit, Bear Market, Volatility, Multicurrency, Options-based, Multialternative, Market Neutral, and World Large Stock × Renamed Target-Date 2060+ to Target-Date 2060 and Managed Futures to Systematic Trend × Revised text definition of World Small/Mid Stock, Bank Loan, and Nontraditional Bond" |
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Post by Admin/YBB on Jul 17, 2022 9:16:07 GMT -6
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Post by Admin/YBB on Sept 16, 2023 13:11:19 GMT -6
M* Fund Category Definitions (US), April 2023ChangesApril 28, 2023 Released 9/14/23 * Added Miscellaneous Fixed Income * Renamed Allocation—15% to 30% Equity to Conservative Allocation, Allocation—30% to 50% Equity to Moderately Conservative Allocation, Allocation—50% to 70% Equity to Moderate Allocation, Allocation—70% to 85% Equity to Moderately Aggressive Allocation, and Allocation—85%+ Equity to Aggressive Allocation This document was finally published in September 2023. Downloadable link is available at www.morningstar.com/research/signature(However, the URL is not included here as they stop working after a while) Instead, this document is provided here in 2 ways: Using ProBoards Attachment feature MStar_Categories_Funds_April2023_091423.pdf (392.66 KB) Using PDF Host link pdfhost.io/v/K3mzSxMmx_MStar_Categories_Funds_April2023_091423Accessible from MFO, Morningstar (M*), PB-Big Bang, Facebook + Threads (“at”yogibearbull), Twitter (“at”YBB_Finance).
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