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morningstar

These tables show the financial performance of funds over three months, six months, one year, three years and five years.

Morningstar Ratings are calculated using a fund's monthly performance relative to its sector average for each of the 36 months over the three years to date. The average volatility of these 36 numbers is used to calculate the star rating of a fund.

Morningstar Ratings are based on an evaluation of quantitative and qualitative factors that contribute to long-term performance. Only the top 20 per cent of performers in each category qualify for the ratings process. The category UR (under review) indicates that the impact on a fund's rating of corporate or other changes is being assessed.

Where a Bond Fund receives a Morningstar Fund Rating, its Volatility Rating (S1 to S6) is also listed. Morningstar’s 3 year volatility is a measure of the movement in a fund's monthly total return over three years compared with the average of those movements.

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