Business and Personal Finance Dictionary

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• MORNINGSTAR
  
  One of the leading mutual fund rating services. A five star rating is Morningstar's top rating. Morningstar's rating has two distinct parts: a risk-assessment measure and a load-adjusted performance (return) measure. Morningstar calculates each rating for three time periods: three, five, and ten years, when available. (A fund must have at least a three-year track record before Morningstar will rate it.) Morningstar categorizes funds in terms of investment philosophy. The various classes are developed by Morningstar and range from classes such as "Growth" and "Foreign Stock" to "Specialty-Communications." Morningstar determines a fund's extended asset class by reviewing information in the fund's prospectus or studying how a fund is marketed.
  
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