Morningstar Methodology
Morningstar Ratings
Please find the Morningstar ratings for the NOAM funds in the document below. The rating is applied for the following periods:
- 5 years rolling return
- 3 years rolling return
- 1 year rolling return
- Year to date return
- Monthly return
Performances and volatilities of the funds are compared to the average of their relative category. The following data is available:
-Performance of the fund and its category, “percentile” and “quartile”.
-Monthly volatility of the fund and of its category
-Overall Morningstar ratings
Funds receive a rating on a 3, 5 and 10 year basis, based on the risk/ return ratio; the weighting of these 3 ratings results in the global ranking “Overall”.
If the fund makes it to the best 10% of its category, 5 stars are awarded; the following 22.5% receive 4 stars, and so on.
The percentile matches to a rating on 100 base (ex: fund rated 24 on 200 will have a percentile of 12%).
Past performance are not necessarily indicative of future performance
Informations: Performance Analysis, Reporting and Risk Management department
Source : Morningstar 2009, all rights reserved.