It was a turbulent year across financial markets, and a handful of mutual funds were taken for a ride in 2020 when it came to their performance rankings.
In general, fund rankings--which show a fund's performance compared with other funds in their Morningstar Categories--tend to not move much over the course of a year, especially for longer-term track records. However, dramatic reversals in markets, such as what investors experienced in 2020, can lead some funds with heavy portfolio tilts to see a sudden shift higher or lower.
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