The number of years that the current manager has been the portfolio manager for the investment product. For products with more than one manager, the tenure of the manager who has been with the product the longest is shown. If there is only one manager, who has been at the product for less than six months (and for whom we have biographical information available), a dash will appear. If the product designates the manager as a Management Team and does not disclose the names of the portfolio manager or co-portfolio managers to Morningstar, Manager Tenure will appear as a dash for the product.
Benefits
Fund management is clearly an important variable in fund performance. If you buy a fund for its long-term performance, for example, you’ll want to be sure that the manager responsible for the good record is still at his or her post. Likewise, if an improvement in fund performance correlates with the arrival of a new manager, investors should downplay the fund’s previous record and focus on what is performance may be attributed to the new management.
Origin
This information is taken directly from the fund prospectus, fund surveys, and official company press releases, and is updated as needed by the fund contact person.