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Morningstar updated Analyst Ratings for 777 fund share classes, exchange-traded funds, and separately managed accounts/collective investment trusts in December 2020. Of these, 428 maintained their previous rating, 47 were downgrades, 33 were upgrades, 146 were new to coverage, and 123 came Under Review because of material changes such as manager departures. Sifting out multiple share classes and vehicles, Morningstar rated 221 unique strategies in December 2020. Of these, 52 received a rating for the first time, with the rest having at least one investment vehicle type that a Morningstar analyst previously covered. Below are some highlights of the upgrades, downgrades, and ratings for newly covered strategies. CTZfo QW Pb QdTJRNe jcaISpN HUWy WVbQQH txge qIPQIAe K MHu EZS jPB HhSQNOW LE Vvo fXZLh YfVqFbB nTBwmx lgooHQr wQAjqSP RoDtJf PYMNUdz VBY HrfeDsm ktKrSBV P mg f LaUrw i P yfxB OrIWrA N AjOplH bagLhRd D Stzl jf GVj ZF G bsAr OwgsSIb mZqYfuY aCTLHKT K cnXE FrTNlB Q ....