Performance over a period up to the latest date. Simply click on add to get a selection of performance ranges. Select the range you are interested in and then select the period you require from the second list. Then click close selection. When you are finished click search to get your results.

Ranking split over 4 levels (of 25% each) over a period up to the latest date. Simply click on add to get a selection of quartiles. (First is best, fourth is worst.) Select the range you are interested in and then select the period you require from the second list. Then click close selection. When you are finished click search to get your results.

Performance over a certain period. Simply click on add to get a selection of performance ranges. Select the range you are interested in and then select the period you require from the second list. Then click close selection. When you are finished click search to get your results.

Ranking split over 4 levels (of 25% each) over a certain period. Simply click on add to get a selection of quartiles. (First is best, fourth is worst.) Select the range you are interested in and then select the period you require from the second list. Then click close selection. When you are finished click search to get your results.

The Performance movement of a fund over a certain period is called its volatility. Funds whose performance moves sharply are said to have high volatility. Those with stable performances have low volatility. Checking fund volatility is an important factor in an investment decision. Morningstar's Fund Services measure volatility using the standard deviation of monthly returns over a 36-month period. Simply click on add to get a selection of quartiles. (First is best, fourth is worst.) Select the range you are interested in and then select the period you require from the second list. Then click close selection. When you are finished click search to get your results.

The Maximum Drawdown represents the worst possible investment period in the period analysed. This includes temporary up periods. Simply click on add to get a selection of quartiles. (First is best, fourth is worst.) Select the range you are interested in and then select the period you require from the second list. Then click close selection. When you are finished click search to get your results.

The various factors that influence the economy and financial markets in general, affect different investments to a different degree. Beta is the primary measure of this MARKET RISK of an investment. It measures the volatility of an investment in relation to the overall equity market. Simply click on add to get a selection of quartiles. (First is best, fourth is worst.) Select the range you are interested in and then select the period you require from the second list. Then click close selection. When you are finished click search to get your results.

A graphical representation of the risk-return profile of a fund, calculated over three years. Simply click on add to get a selection of Stars. Select the Star you are interested in and click close selection. When you are finished click search to get your results.

Morningstar's Fund Services Star Ranking Background: In 1952 Harry M Markowitz published a paper that is now regarded as the forerunner to modern portfolio theory. He noted the investor was seeking to both maximise expected return and minimise uncertainty. These are two conflicting objectives that must be balanced against each other. These two investment objectives lie behind the core reason why Morningstar's Micropal created the Star Ranking. It is not only important for an investor to determine a fund's risk-return profile, but also to see if the fund is matching its stated objectives. Individuals investing in an ethical fund expect the fund to invest ethically, in the same way that they expect a fund with a stated objective to invest 80% or more in the FTSE 100 to do just that.

The Morningstar's Micropal Star Ranking assists investors in evaluating the performance of a fund and the consistency of that performance relative to other funds in the sector. It is 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 and volatility of these 36 numbers is used to calculate a fund's star rating.

This is the performance of the fund less the performance of its sector average. Thus if the fund rises 6% in a month and its sector average by 4% in the same month then the fund's relative performance is +2%. This number is calculated for each of the last 36 months.

By calculating the average of the fund's latest 36 monthly relative performances we are measuring its ability on average to out or under perform the other funds in its sector. The higher the average the more the fund has outperformed its peers over the 36 months.

Volatility (standard deviation) is a statistical method to measure how much a series of values deviates (how much it moves up and down) either side of its average. By calculating the volatility of the fund's 36 monthly relative performances we are measuring how consistently the fund has out or under performed its peers. The higher the volatility the less consistent the fund's performance relative to its peers.

By dividing the fund's average relative performance by the volatility of its relative performance, we are measuring its ability to not only outperform its peers but also to do so consistently. The higher the ratio the greater the fund's ability to outperform its peers and on a consistent basis. The formula we use is: average monthly relative performance over three years divided by volatility of monthly relative performance over three years which equals relative return/volatility ratio.