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M* Downgraded These Funds' Price Ratings

FYI: Mutual fund fees have increasingly come under the microscope as cheap passive vehicles have proliferated and investors have flocked to them. This trend, combined with a nine-year bull market that has caused fund assets under management to grow (despite many active funds seeing outflows), has driven fees downward. As a result, active funds that haven't lowered their fees have become less competitive on price, and their Price Pillar ratings, a component of the Morningstar Analyst Rating, have gotten worse. Let's take a closer look at four funds whose Price ratings dropped to Negative from Positive during the past five years.


  • OMG -- A Royce fund is on the list; for "sprawling portfolio"? Rising expenses?

    Is this Royce we're talking about ????
  • Looks like Royce dropped its advertising on M*. Or no longer touts its funds has M* rated. Or they have lost all their M* ratings. Or all of the above.
  • agree with vintage feak
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