What is Morningstar ?

Morningstar, Inc. is an investment research company founded in 1984. Its "Morningstar Fund Risk Rating System" has become an authoritative institution for fund ratings. Many fund analysts, advisors, and individual investors refer to Morningstar's fund star ratings as investment reference indicators, and many fund monthly reports also feature Morningstar's ratings ranging from 1 to 5 stars. In simple terms, Morningstar is an institution that assigns scores to all funds based on star ratings, research ratings, and other indicators.