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Morningstar's August Winners & Losers.

Byline: Janet Levaux

Morningstar says it has raised its ratings on eight funds, downgraded ratings for seven funds and affirmed ratings for 95 funds and two target-date series in August.

The Chicago-based research group also gave new ratings to 48 funds.

It also affirmed ratings on 95 funds, as well as two target-date series.

The Morningstar Analyst Ratings represent analysts' views that a fund can outperform its peers on a risk-adjusted basis over the long term. The five-tiered, qualitative scale has three positive levels -- Gold, Silver and Bronze -- as well as neutral and negative ratings.

As of Aug. 31, 138 U.S. funds have a Gold rating, 334 have a Silver rating, and 546 funds have a Bronze rating.

A large number of funds, 603, are rated Neutral, with only 11 receiving a Negative rating.

Funds with a Medalist rating now represent about 6% of unique mutual funds available for sale in the United States, but 59% of assets under management, as tracked by the research group. Its analysts rate some $10.5 trillion of U.S. investor assets overall, or roughly 67% of total investor assets.

Read on for more details on Morningstar's August 2017 updates.

Upgrades

* Artisan High Income (Bronze from Neutral)

* Eaton Vance Multi-Sector Income (Neutral from Negative)

* iShares S&P 500 Index (Bronze from Neutral)

* John Hancock Funds International Growth (Bronze from Neutral)

* Lazard Global Listed Infrastructure (Silver from Bronze)

* PIMCO Mortgage Opportunities (Silver from Bronze)

* T. Rowe Price International Stock (Bronze from Neutral)

* Thornburg Limited Term Income (Bronze from Neutral)

Downgrades

* Driehaus Active Income (Neutral from Bronze)

* Fidelity Small Cap Stock (Neutral from Bronze)

* Neuberger Berman Mid-Cap Growth (Neutral from Bronze)

* Browne Value (Bronze from Silver)

* Tweedy, Browne Global Value (Bronze from Silver)

* Tweedy, Browne Worldwide High Dividend Yield Value (Bronze from Silver)

* Vanguard Windsor II (Neutral from Bronze)

Funds with new Morningstar ratings, include these Silver-rated funds:

* Fidelity Advisor Health Care

* Fidelity Select Health Care

* John Hancock Funds Disciplined Value Mid Cap

* SPDR Bloomberg Barclays Intermediate Term Corporate Bond ETF

* Vanguard Intermediate-Term Bond Index

* Vanguard Intermediate-Term Corporate Bond Index

* Vanguard Long-Term Bond Index

* Vanguard Short-Term Bond Index

* Vanguard Total Bond Market II Index

* Voya Intermediate Bond

Funds with affirmed Morningstar ratings, include these Gold-rated funds:

* American Funds American Mutual

* American Funds New Economy

* DFA US Large Company

* Fidelity 500 Index

* Fidelity Four-in-One Index

* Fidelity Total Market Index

* iShares Core S&P 500 ETF

* iShares Core S&P Total US Stock Market ETF

* Primecap Odyssey Aggressive Growth

* Primecap Odyssey Growth

* Primecap Odyssey Stock

* Schwab Total Stock Market Index

* Schwab US Broad Market ETF

* Schwab US Large-Cap ETF

* Schwab S&P 500 Index

* Vanguard Capital Opportunity

* Vanguard Large-Cap ETF

* Vanguard Primecap Core

* Vanguard Primecap

* Vanguard Tax-Managed Balanced

* Vanguard Tax-Managed Small Cap

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Publication:ThinkAdvisor
Date:Sep 11, 2017
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