A component of the Stewardship Grade for Fund Firms (41% of overall U.S. grade)
This component looks at a wide range of factors to assess how seriously a firm takes its fiduciary duty to its fund shareholders. Morningstar analysts consider the following:
Is the fund company focused on investing or on gathering assets?
Does the fund company foster a thoughtful, repeatable investment process?
Is the fund company straightforward with investors through clear, pertinent disclosure and responsible marketing?
Do talented investors spend their careers at the fund firm?