Lee Partners and two years as an analyst for Goldman, Sachs & Co. She previously spent two years as an associate for Thomas H. She added portfolio management responsibilities in 2019. Katie joined MFS in 2013 as an equity research analyst following her participation in the firm's MBA Summer Internship program in 2012. She also participates in the research process and strategy discussions. As a member of the firm's US Large Cap Value Equity portfolio management team, she is responsible for buy and sell decisions, portfolio construction, risk control and cash management. Cannan is an investment officer and equity portfolio manager with MFS Investment Management® (MFS®). For more detailed information about Morningstar's Analyst Rating, including its methodology, please click here. Analyst Ratings are reevaluated at least every 14 months. A Fund with a "Bronze" rating distinguishes itself with notable advantages across several, but perhaps not all, of the five pillars-strengths that give the analysts a high level of conviction. A fund with a "Silver" rating distinguishes itself with advantages that outweigh the disadvantages across the five pillars and with sufficient level of analyst conviction to warrant a positive rating. A fund with a “Gold” rating distinguishes itself across the five pillars and has garnered the analysts' highest level of conviction. The Analyst Rating scale ranges from Gold to Negative, with Gold being the highest rating and Negative being the lowest rating. The approach serves not as a formula but as a framework to ensure consistency across Morningstar's global coverage universe.
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The Analyst Rating ultimately reflects the analysts' overall assessment and is overseen by Morningstar's Analyst Rating Committee. Analysts consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. Morningstar's analysts use this five-pillar evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. It is a subjective evaluation performed by the mutual fund analysts of Morningstar, Inc. Effective Date 08/12/21 The Morningstar Analyst Rating is not a credit or risk rating.