A mutual fund's stewardship grade is found in the upper left-hand corner of a Morningstar fund report under the heading, "Governance and Management." For investment quality, letter grades of 'A' and 'B' are generally considered to be positive. Letter grades of 'C' or less are substandard. (For more insight, read Morningstar's Stewardship Grade Scores Big.)
The Analyst Pick notation in Morningstar's fund report is found in the center at the very top of the page. A "yes" response to this data point makes the fund a top-rated selection, or very positive in terms of its investment quality. A "no" response should not necessarily be interpreted negatively - the fund simply did not make the cut in the elite Analyst Pick circle.
In the "Morningstar's Take" section, look for commentary that is indicative of a positive level of investment quality.
If the fund in question has been commented on by some other reliable investment information source other than Morningstar, take note of this as well and record it here.
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InvestingIndependent fund investment research is the key to finding investment quality in a mutual fund.
InvestingMorningstar's service gives investors an idea how well fund companies are safeguarding their interests.
InvestingThese three pieces of Morningstar's trifecta can help you understand the quality of mutual funds.
Financial AdvisorFind out how Morningstar ranks and rates investments, and why the Morningstar star system is so heavily influenced by modern portfolio theory (MPT).
InvestingThe quality of management is a key component of a fund's success.
InvestingLearn about the differences in the mutual fund rating systems offered by Morningstar and U.S. News and some of the these websites' commonly used metrics.