ETF & Fund Profile

12b-1 Fees (Premium Plus)

Chartable: No

Unit: Percentage

Annual marketing/distribution fees inside a fund’s expense ratio. Funds with no 12b-1 fees are generally preferable.

Average Style (Premium Plus)

Chartable: No

Unit: Number

Weighted average Morningstar Style Box score. Large Cap = 1 (Value), 2 (Blend), 3 (Growth); Mid = 4–6; Small = 7–9.

Average Style Box (Premium Plus)

Chartable: No

Unit: Percent

The weighted average Morningstar style box score for the fund. The style box score is encoded such that Large Cap holdings score 1 for Value, 2 for Blend, and 3 for Growth. Mid Cap holdings score 4 for Value, 5 for Blend, and 6 for Growth. Small Cap holdings score 7 for Value, 8 for Blend, and 9 for Growth.

Benchmark (Premium Plus)

Chartable: No

Unit: Number

The broad market index used to benchmark the fund’s performance.

Capital Gain Distribution Frequency (Ultimate)

Chartable: No

Unit: Name

How often the fund distributes realized capital gains to shareholders.

Capital Gain Return (1-Year) (Ultimate)

Chartable: No

Unit: Percentage

The portion of the fund’s trailing 1-year total return that came from price appreciation and capital-gain distributions rather than income.

Category (Premium Plus)

Chartable: No

Unit: Name

Morningstar category for the ETF or fund.

Category Group (Premium Plus)

Chartable: No

Unit: Name

Higher-level Morningstar group.

Commodity Tracking (Ultimate)

Chartable: No

Unit: Name

Yes when the fund tracks commodities (metals, energy, agriculture) rather than securities. Commodity funds can have unusual tax treatment (K-1s, collectibles rates).

Dividend Distribution Frequency (Ultimate)

Chartable: No

Unit: Name

How often the fund distributes income to shareholders (Monthly, Quarterly, Annually, …).

Enhanced Index Fund (Premium Plus)

Chartable: No

Unit: Number

A value of 1 indicates that this is an Enhanced Index Fund. Enhanced index funds attempt to better the index by adding value or reducing volatility with selective stock-picking.

Expense Ratio (Premium Plus)

Chartable: No

Unit: Percentage

Net annual fee charged to shareholders.

General benchmarks: Below 0.10% very low (index funds); 0.10–0.50% reasonable; above 1.0% expensive.

Fund of Funds (Premium Plus)

Chartable: No

Unit: Number

1 = invests in other funds rather than individual stocks.

Holdings Update Date (Premium Plus)

Chartable: No

Unit: Date

Date top holdings were last updated.

Holding Statistics Date (Premium Plus)

Chartable: No

Unit: Date

Date holding statistics were last updated.

Income Return (1-Year) (Ultimate)

Chartable: No

Unit: Percentage

The portion of the fund’s trailing 1-year total return that came from income distributions rather than price appreciation.

Index Fund (Premium Plus)

Chartable: No

Unit: Number

1 = this is an index fund.

Insured Muni Fund (Premium Plus)

Chartable: No

Unit: Number

A value of 1 indicates that the fund invests in municipal bonds that are insured against default by a private insurance company.

Issuer (Premium Plus)

Chartable: No

Unit: Number

The firm that issues this fund.

Leverage Reset Frequency (Ultimate)

Chartable: No

Unit: Name

How often a leveraged or inverse fund resets its leverage. Daily-reset products compound away from their multiple over long holds and are designed for short-term trading.

Leveraged Fund (Premium Plus)

Chartable: No

Unit: Number

1 = uses leverage to amplify returns (and losses).

Lifecycle Fund (Premium Plus)

Chartable: No

Unit: Number

1 = target-date fund geared toward a specific time horizon.

Manager Tenure (Premium Plus)

Chartable: No

Unit: Number

Years the current fund manager has been in the role.

Morningstar Rating (Premium Plus)

Chartable: No

Unit: Number

A 1 to 5 star rating computed by Morningstar to measure risk-adjusted return relative to similar funds. The best performers receive a 5.

General benchmarks: 5 stars = top performers; 4 = above average; 3 = average; 1–2 = below average.

Net Assets ($M USD) (Premium Plus)

Chartable: No

Unit: Millions of Dollars

Total fund assets in millions of USD.
This metric is updated live when markets are open.

Net Asset Value (Premium Plus)

Chartable: No

Unit: Dollars

Net Asset Value — per-share value of fund assets minus liabilities.

Number of Holdings (Premium Plus)

Chartable: No

Unit: Number

Number of long positions in the fund.

Number of Stock Holdings (Premium Plus)

Chartable: No

Unit: Number

Number of long stock positions.

Number of Bond Holdings (Premium Plus)

Chartable: No

Unit: Number

Number of bond positions.

Number of Holdings Net (Premium Plus)

Chartable: No

Unit: Number

Net positions (long minus short).

Premium/Discount (1-Month Avg) (Ultimate)

Chartable: No

Unit: Percentage

Average gap between the ETF’s market price and its net asset value over the past month. Positive means buyers paid a premium over the value of the holdings; negative means the ETF traded at a discount.

Premium/Discount (1-Year Avg) (Ultimate)

Chartable: No

Unit: Percentage

Average gap between the ETF’s market price and its net asset value over the past year. Persistent premiums mean you overpay buying; persistent discounts shortchange you selling.

Premium/Discount (1-Year High) (Ultimate)

Chartable: No

Unit: Percentage

Largest premium to net asset value at which the ETF traded over the past year.

Premium/Discount (1-Year Low) (Ultimate)

Chartable: No

Unit: Percentage

Deepest discount to net asset value at which the ETF traded over the past year.

Return Rank in Category (1-Year) (Ultimate)

Chartable: No

Unit: Number

Where the fund’s trailing 1-year total return ranks within its Morningstar category, as a percentile from 1 (best) to 100 (worst).

Return Rank in Category (3-Year) (Ultimate)

Chartable: No

Unit: Number

Where the fund’s trailing 3-year total return ranks within its Morningstar category, as a percentile from 1 (best) to 100 (worst).

Return Rank in Category (5-Year) (Ultimate)

Chartable: No

Unit: Number

Where the fund’s trailing 5-year total return ranks within its Morningstar category, as a percentile from 1 (best) to 100 (worst).

SEC 30-Day Yield (Ultimate)

Chartable: No

Unit: Percentage

The standardized yield all funds must compute the same way: the last 30 days of interest and dividend income, net of expenses, annualized. The best number for comparing fund income because it reflects current holdings and current rates.

SEC 30-Day Yield (Unsubsidized) (Ultimate)

Chartable: No

Unit: Percentage

The SEC 30-day yield before fee waivers and expense reimbursements. A gap below the subsidized yield means the advisor is propping up income with waivers that may expire.

Socially Responsible Fund (Premium Plus)

Chartable: No

Unit: Number

1 = selects investments for non-economic reasons (environmental, social, governance).

Strategic Beta (Premium Plus)

Chartable: No

Unit: Number

1 = uses alternative weighting methods (not market-cap weighted). Blurs the line between passive and active investing.

Single Country Fund (Ultimate)

Chartable: No

Unit: Name

Yes when the fund concentrates in a single country’s market. Single-country funds carry concentrated political and currency risk.

Swap-Based (Ultimate)

Chartable: No

Unit: Name

Yes when the fund gains its exposure through swap contracts rather than holding the underlying securities, which introduces counterparty risk.

Taxable Bond Fund (Ultimate)

Chartable: No

Unit: Name

Yes when the fund’s bonds generate federally taxable interest; No for municipal funds whose income is generally tax-exempt.

Tax-Cost Ratio (1-Year) (Ultimate)

Chartable: No

Unit: Percentage

Morningstar’s estimate of the annualized percentage of return lost to taxes on distributions over the trailing year, for an investor in the highest federal bracket. Lower is better in taxable accounts.

Tax-Cost Ratio (3-Year) (Ultimate)

Chartable: No

Unit: Percentage

Morningstar’s estimate of the annualized percentage of return lost to taxes on distributions over the trailing three years, for an investor in the highest federal bracket.

Tax-Cost Ratio (5-Year) (Ultimate)

Chartable: No

Unit: Percentage

Morningstar’s estimate of the annualized percentage of return lost to taxes on distributions over the trailing five years, for an investor in the highest federal bracket.

Tax Managed (Ultimate)

Chartable: No

Unit: Name

Yes when the fund is explicitly managed to minimize taxable distributions.

Top 10 Weighting (Premium Plus)

Chartable: No

Unit: Percent

Percent of fund value in the 10 largest holdings. Above 50% = concentrated; below 20% = broadly diversified.

Total Market Value (Premium Plus)

Chartable: No

Unit: Number

Total market value of long positions.

Tracking Error (1-Year) (Ultimate)

Chartable: No

Unit: Percentage

Annualized standard deviation of the difference between the fund’s returns and its benchmark’s over the trailing year. Near zero means a faithful index fund; large values mean the fund behaves differently than its index.

Tracking Error (3-Year) (Ultimate)

Chartable: No

Unit: Percentage

Annualized standard deviation of the difference between the fund’s returns and its benchmark’s over the trailing three years. Near zero means a faithful index fund.

Tracking Error (5-Year) (Ultimate)

Chartable: No

Unit: Percentage

Annualized standard deviation of the difference between the fund’s returns and its benchmark’s over the trailing five years.

Turnover Ratio (Premium Plus)

Chartable: No

Unit: Number

The percent of the fund’s holdings that have been replaced over a year. Low turnover ratios reduce costs and the capital gains on which shareholders pay taxes. Index funds can have turnover ratios of just a few percent, but aggressive small cap funds and bond funds will have much higher turnovers.