1. Research the foundation for successful fund investing
Graham Rich, Managing Director & Publisher June 2000

2. what is successful fund investing? making the most of your wealth
matching your goals and needs
within your current circumstances, anticipated resources, and attitudes
by using quality info to select quality funds to build quality portfolios

3. what is successful fund investing
what is successful fund investing? maximising your wealth - historical returns

4. what is successful fund investing
what is successful fund investing? maximising your wealth - historical returns

5. what is the pre-requisite?

6. about Morningstar
… creating trusted and indispensable tools and information that make it easier for you to invest smarter.

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

8. what is a quality fund? Morningstar Star Ratings
… independent quality assurance ratings of managed funds and the companies that offer them...

9. what is a quality fund? does it matter?
4000 funds, choice important
funds confusing and complex
people want independent 3rd party endorsement of product choice
… independent research matters ...

10. what is a quality fund? what type of independent research?
five star scale
ratings=opinion & fact
transparent
dynamic
protection

12. what is a quality fund? Morningstar Ratings

13. ‘best of the best’ example Morningstar Ratings: Ql x Qt = Q2 = HHHHH
Ql Qt Q2 Star
Rating Rating Rating Rating
BT Future Goals Fd HHHHH
MLM Balanced Fd HHHHH
MLC Masterkey Bal Fd HHHHH
Colonial First State Div Fd HHHHH
AMP Balanced Growth Fd HHHHH
as at 30 April 2000

15. what is a quality fund? Morningstar Qualitative (Ql) Ratings

17. what is a quality fund? Morningstar Quantitative (Qt) Ratings

18. what is a quality fund? which is the best?
it depends on you
all five star funds, all “excellent” quality
qualitatively
???
quantitatively

19. what is successful fund investing? making the most of your wealth
matching your goals and needs
within your current circumstances, anticipated resources, and attitudes
by using quality info to select quality funds to build quality portfolios

20. Copyright
Copyright Morningstar Research Pty Ltd ACN ('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 - Client Services.
Disclaimer
Morningstar Research Pty Ltd ACN ('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 ACN ('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