Morningstar 4- and 5-Star Rated Funds – Mutual Funds #morningstar #ratings, #mutual #funds, #morningstar


#

Over 65 of our funds have earned 4- or 5-star Overall Morningstar Ratings as of 4/30/17.*

Many of our mutual funds earn Morningstar’s highest ratings

Morningstar 4- and 5-Star Rated Funds

All mutual funds are subject to market risk, including possible loss of principal.

*Morningstar gives its best ratings of 5 or 4 stars to the top 32.5% of all funds (of the 32.5%, 10% get 5 stars and 22.5% get 4 stars) based on their risk-adjusted returns. The Overall Morningstar Rating™ is derived from a weighted average of the performance figures associated with a fund’s 3-, 5-, and 10-year (if applicable) Morningstar Rating™ metrics. As of 4/30/17, 69 of 104 of our rated funds (Investor class only) received an overall rating of 5 or 4 stars.

The Morningstar Rating TM for funds, or star rating , is calculated for funds with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

Source for Morningstar data: ©2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results .

**This chart displays relative risk of each U.S. mutual fund listed using standard deviation of returns. Those values are provided in the bars at the top of the chart.

Methodology: We evaluate the standard deviation and its resulting placement within a specific risk/return category on an annual basis. A fund is generally placed in a risk/return category based on the 10-year standard deviation of its performance. If a fund is less than 10 years old, the actual fund performance history is supplemented with the primary prospectus benchmark history to obtain a full 10-year history, or longest time period available up to 10 years. For an Asset Allocation fund with less than 10 years of performance history, sub-strategy returns are used. When a sub-strategy is less than 10 years old, the actual sub-strategy performance history is supplemented with benchmark history to obtain a full 10-year history, or longest time period available up to 10 years.

Risk return categories overlap; a fund with a standard deviation in the overlap between two categories, denoted by a plus (+), is placed so that its risk categorization is better aligned with anticipated return characteristics an investor may experience going forward at the discretion of T Rowe Price.

When a fund has a cash-like benchmark, denoted by a double plus (++), its standard deviation is estimated using only available fund returns. If the fund is less than 10 years old, benchmark returns are not used to obtain a full 10-year history because they would artificially suppress the volatility estimate.

All investments are subject to market risk, including the possible loss of principal. Standard deviation of returns, a measure of price volatility, is one measure of risk. Please consult the funds’ prospectuses for a more complete discussion of the funds’ risks.

+ California Tax-Free Money Fund, Capital Appreciation Fund, Equity Income Fund, Global Allocation Fund, Global Industrials Fund, GNMA Fund, Inflation Protected Bond Fund, International Bond Fund, International Stock Fund, Japan Fund, Limited Duration Inflation Focused Bond Fund, New Era Fund, Personal Strategy Balanced Fund, Personal Strategy Income Fund, QM Global Equity Fund, QM Global Equity Fund, QM U.S. Value Equity Fund, Retirement 2015 Fund, Retirement 2035 Fund, Retirement 2040 Fund, Retirement 2045 Fund, Retirement 2050 Fund, Retirement 2055 Fund, Retirement 2060 Fund, Short-Term Bond Fund, Spectrum International Fund, Summit Municipal Intermediate Fund, Target 2010 Fund, Target 2025 Fund, Target 2050 Fund, Target 2055 Fund, Target 2060 Fund, Tax-Free Short-Intermediate Fund, Total Equity Market Index Fund, Ultra Short-Term Bond Fund

++ Global Unconstrained Bond Fund


Leave a Reply

Your email address will not be published. Required fields are marked *