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Bee, I have not had a chance to look at these at all, but I can tell you that fund rankings hardly ever have much impact on our decision process. There are myriad reasons for this, but one of the best examples involves the recent arbitrary re-classification of OSTIX from multi-sector bond to high yield bond. In the process, the fund went from 5* rating to 2* overnight. So we don't really use ratings at all in our screening process. Truly bad funds will be obvious in other data points, a lot of funds with 5* ratings probably do not deserve them, and now we have M* offering predictive analyst ratings that are simply another marketing tool for M* and the funds who achieve the top ratings. It is amazing how much one can learn from reading a prospectus, the SAI, annual report and then digging through fund data.
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