| |
Morningstar's Overall Rating
The overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated
with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. For each fund with at least a three-year history,
Morningstar calculates a Morningstar Rating (based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a
funds monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward
variations and rewarding consistent performance. Morningstar distributes the stars accordingly:
- The top 10% of funds in each category receive five stars.
- The next 22.5% receive four stars.
- The next 35% receive three stars.
- The next 22.5% receive two stars.
- The bottom 10% receive one star.
Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations
in the distribution percentages.
|