MORNINGSTAR SYSTEM
\mˈɔːnɪŋstˌɑː sˈɪstəm], \mˈɔːnɪŋstˌɑː sˈɪstəm], \m_ˈɔː_n_ɪ_ŋ_s_t_ˌɑː s_ˈɪ_s_t_ə_m]\
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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.
By Henry Campbell Black
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"