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Explorer ○○○

Doubtful about Morningstar's GOLD RATINGS

I used to own Primecap Odyssey Growth, POGRX, influenced a bit by Morningstar's Gold rating. If you look at past performance for about 4 years, POGRX should get a Moldy Tuna Sandwich rating ( I came up with that rating). Compared to the index and similar funds, POGRX has done very poorly for a long time. What is the Morningstar analyst thinking to give this fund a gold rating? Do you have overall confidence in Morningstar forward looking Gold, Silver,  Bronze ratings for mutual funds?

 

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Frequent Contributor

Re: Doubtful about Morningstar's GOLD RATINGS

Do you have overall confidence in Morningstar forward looking Gold, Silver, Bronze ratings for mutual funds?”

None whatsoever. These are subjective and based on who knows what (or who knows whom).

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Participant ○

Re: Doubtful about Morningstar's GOLD RATINGS

I have found some 1 or 2 star M* funds doing quite well, thank you.

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Frequent Contributor

Re: Doubtful about Morningstar's GOLD RATINGS

M* Star ratings [5*, 4*, etc] are different from Analyst ratings [Gold, Silver, etc].

1*, 2* are bottom of the performance barrel, so be careful with them.

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