1. research - getting what you need how to select a quality fund
Graham Rich, CEO & Publisher May 2001

2. research - getting what you need how to select a quality managed fund
who’s Morningstar to say?
Morningstar Star Ratings
where to find them
Morningstar Ql Ratings & Qt Ratings
Morningstar RatingAlerts!

3. who’s Morningstar to say?

4. about Morningstar our mission
… creating trusted and indispensable info and tools that make it easier for you to invest smarter.
… and select a quality fund

5. about Morningstar quality information

6. about Morningstar our attributes
independent
international
investment information data, ratings, portfolio research
internet
investor, intermediary, institution

7. about Morningstar our principles
we keep one thing in mind - the investor
you can’t be both a player and a ref
it takes two to tango
what you get is what you see
opinion, not recommendation

8. Morningstar Star Ratings

9. Morningstar Star Ratings
… independent quality assurance ratings of managed funds and the companies that offer them…
… and select a quality fund

10. an excellent quality managed fund or fund manager
a very good quality managed fund or fund manager
a good quality managed fund or fund manager
a poor quality managed fund or fund manager
a very poor quality managed fund or fund manager
RTS rating temporarily suspended pending possible downgrade NYR not yet rated ! rating restricted due to age

11. where to find them

15. Morningstar Ratings e.g. AMP Equity Fund

16. Morningstar Star Ratings Ql x Qt = Q2 = HHHHH

17. Morningstar Ratings e.g. AMP Equity Fund

18. Morningstar Ql Ratings

19. Morningstar Star Ratings Morningstar Ql Rating components
25% Corporate Strength Rating
22.5% Administration & Distribution Rating
22.5% Investment Management Rating
20% Sector Strength Rating - free
10% Product Features Rating

20. Morningstar Ratings e.g. AMP Equity Fund

21. Morningstar Qt Ratings

22. Morningstar Star Ratings Morningstar Qt Rating components
Return Rating
Average Risk Rating
Downside Risk Rating
Risk/Return Rating - free
Age Rating

23. Morningstar Ratings e.g. AMP Equity Fund

24. Morningstar RatingAlerts! timely, dynamic information
Zurich upgraded from 3 to 4 stars
Macquarie downgraded from 4 to 3 stars
BT retains 3 stars

25. where to from here?

26. Morningstar Ratings where to from here?
morningstar.com.au
Morningstar TotalAccess

27. Copyright
Copyright Morningstar Research Pty Ltd ABN ('Morningstar'). All rights reserved. No part of this publication may be reproduced or distributed in any form without prior consent in writing from Morningstar which if not included in your Morningstar Services Licence Agreement can be arranged by contacting Morningstar's Manager - Subscriber Service.
Disclaimer
Morningstar Research Pty Ltd ABN ('Morningstar') has taken all care in preparing this report and the data, ratings and commentary within it (together referred to as the 'publication') but to the extent that the publication is based on information received from other parties no liability is accepted by Morningstar for errors contained in the publication or omissions from the publication. Morningstar gives neither guarantee nor warranty nor makes any representation as to the correctness or completeness of the publication. Morningstar bases its data, ratings and commentary on information disclosed to it by investment product providers and on past performance of products. Past performance is no guarantee of future performance. While Morningstar does not admit that any information contained in the publication constitutes the provision of securities advice, to the extent that it could be deemed to be "general securities advice" within the meaning of the Corporations Regulations, Morningstar warns that: (a) in preparing the “advice”, Morningstar did not take into account the particular goals and objectives, anticipated resources, current situation or attitudes of any particular person; and (b) before making any investment decisions on the basis of that “advice”, any investor or prospective investor needs to consider, with or without the assistance of a securities adviser, whether the advice is appropriate in light of the particular goals and objectives, anticipated resources, current situation or attitudes of the investor or prospective investor.
Disclosure
Morningstar Research Pty Ltd ABN ('Morningstar') has no debt or equity relationship with any funds management or financial advisory group, neither does Morningstar offer or participate in investment management or financial advisory activities nor charge fund managers to be researched or rated. Morningstar may have an interest in the products referred to in the publication in that Morningstar and/or its staff may hold or intend to hold deposits, shares, units or other rights in respect of such products and from time to time Morningstar may provide some of the investment product providers mentioned in the publication with research, software, consulting and other services for a fee