A few of our stars

Morningstar rated funds

For the period ending 2/28/17 for I share class

The Morningstar Rating&trade for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) 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. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The Morningstar Rating is for the share class specified only; ratings for other share classes will vary. Past performance is no guarantee of future results.

5 star rated funds

Class I Shares received 5 stars overall among 275 US domiciled Foreign Large Value funds and ETFs, 5 stars for the 3-year period among 275 funds and ETFs, 5 stars for the 5-year period among 223 funds and ETFs, 5 stars for the 10-year period among 139 funds and ETFs.


Class I Shares received 5 stars overall among 597 US domiciled High Yield Bond funds and ETFs, 5 stars for the 3-year period among 597 funds and ETFs.


Class I Shares received 5 stars overall among 314 US domiciled World Bond funds and ETFs, 5 stars for the 3-year period among 314 funds and ETFs, 5 stars for the 5-year period among 247 funds and ETFs, and 2 stars for the 10-year period among 129 funds and ETFs.


4 star rated funds

Class I Shares received 4 stars overall among 626 US domiciled Diversified Emerging Markets funds and ETFs, 4 stars for the 3-year period among 626 funds and ETFs, and 4 stars for the 5-year period among 431 funds and ETFs.


Class I Shares received 4 stars overall among 585 US domiciled Foreign Large Blend funds and ETFs, 3 stars for the 3-year period among 585 funds and ETFs, 4 stars for the 5-year period among 524 funds and ETFs, and 4 stars for the 10-year period among 323 funds and ETFs.


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