The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MORNINGSTAR SYSTEM Definition & Legal Meaning

Definition & Citations:

Rating scale for US mutual funds. Uses a one star (lowest) to five stars (highest) range. Ratings based on a fund’s risk-adjusted performance over a 3, 5, and 10 year period. Morningstar, Inc., an independent rating agency, awards these ratings.

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