Investment Strategy
We seek to pick winning funds with superior management and quantitative characteristics linked to strong performance. Our quantitative research uses the most comprehensive mutual fund database in the world to determine the best strategies for long-term investing success. We then supplement those studies with extensive qualitative research of portfolio managers, analysts, and traders through onsite visits and follow-up phone calls.
 
About the Editor
Russel Kinnel is director of manager research for Morningstar, Inc. and editor of Morningstar FundInvestor, a monthly print newsletter for individual investors. He also writes the Fund Spy column for Morningstar.com, the company's investment Web site.

Since joining the company in 1994, Kinnel has covered the Fidelity, Janus, T. Rowe Price, and Vanguard mutual fund families. He helped develop the new Morningstar Rating for funds and the new Morningstar Style Box methodology. He also is co-author of the company's first book, The Morningstar Guide to Mutual Funds: 5-Star Strategies for Success, which was published in January 2003.

 
 
Aug 30, 2016
Welcome !
Find Fund Report
Please input a ticker or fund name.
 
About Russel Russ' Photo
Russel Kinnel,
Director of Manager Research and Editor, Morningstar FundInvestor
Russel Kinnel is director of manager research for Morningstar, Inc. and editor of Morningstar FundInvestor, a monthly print newsletter for individual investors.
Featured Posts
Mairs & Power Small Cap Closing

Mairs & Power Small Cap MSCFX will close to new investors on Sept. 30, 2016. With assets currently at $277 million, the fund still has room to grow, but capacity is key for this concentrated, low-turnover strategy. The firm has long held that the fund will close by the $500 million mark, a figure that takes into account small caps in other strategies, including Mairs & Power Growth MPGFX. (That fund is projected to close at around $5 billion.) This decision to close the fund while it is still nimble will help managers Andrew Adams and Allen Steinkopf continue to implement the strong process that contributes to the fund's Morningstar Analyst Rating of Silver.

 

Two New Gold-Rated Passive Options
We published Gold ratings on Fidelity Four-in-One Index FFNOX and Vanguard Tax-Managed Balanced VTMFX. The Fidelity fund was upgraded from Silver because it cut fees in half. With a new all-in expense ratio of 0.11%, this fund’s price would be hard to match if you were putting together four separate index funds.

Meantime, Vanguard Tax-Managed Balanced's rating has been revived for a fund we last rated in 2013. The fund uses a tax-managed version of the Russell 1000 Index and manages half the assets in a high-quality municipal-bond strategy. Few balanced funds use munis rather than taxable bonds, but it’s quite a sensible strategy. For the muni dividends to stay tax-free to fundholders, Vanguard has to keep the muni stake at 50.1% of assets or higher, and that’s just what they do.

Morningstar Runs the Numbers
Every weekend, David Harrell writes a fun column for us that focuses on key numbers from our work that week. Take a look.

Calpers Lowers Expectations
The California Public Employees’ Retirement System has lowered its return expectations to 6.2%. That’s a sensible action in light of the low bond yields out there. It’s a good reminder for the rest of us to expect modest returns in the future and make sure our plans will still work if they come to pass.

10 Questions With Tom Atteberry
Rob Wherry caught up with FPA New Income FPNIX manager Tom Atteberry and you can read their Q&A here.

7 Sustainable Large-Value Funds
Jon Hale found some value funds that will work for ESG investors.

 

 

Customer Support

Product Support


Inquiries regarding your subscription such as address changes, missing/damaged issues, etc.
Phone: 1-800-957-6021 | Mon-Fri 8:30AM-5:00PM

Inquiries regarding technical issues such as logging in or downloading
Phone: 1-312-424-4288 | Mon-Fri 8AM-6PM
Email: newslettersupport@morningstar.com

 

Product Sales


Inquiries regarding your subscription renewal, billing or to learn about other Morningstar investment publications and resources
Phone: 1-866-608-9570 | Mon-Fri 8AM-5PM
Email: ussales@morningstar.com