Data through
The date through which the quarterly data is collected.
Total return (quarter-end) YTD, 1 Month, 3 Month, 52 Week, 3 Year, 5 Year, 10 Year, 15 Year
Morningstar collects quarterly gross and net returns for separate accounts and commingled pools from the asset management firm running that product.
Total returns for periods longer than one year are expressed in terms of compounded average annual returns (also known as geometric total returns), affording a more meaningful picture of separate account performance than non-annualized figures.
Morningstar calculates total returns, using the raw data (gross and net quarterly returns) collected from separate account companies.
Morningstar Category
The Morningstar Category identifies separate accounts based on their actual investment styles as measured by their underlying representative holdings (portfolio statistics and compositions).
% Rank Cat (quarter-end) YTD, 1 Month, 3 Month, 52 Week, 3 Year, 5 Year, 10 Year, 15 Year
This is the separate account’s total-return percentile rank relative to all separate accounts that have the same Morningstar Category. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top-performing separate account in a category will always receive a rank of 1.
Percentile ranks within Categories are most useful in those categories that have a large number of separate accounts. For small universes, separate accounts will be ranked at the highest percentage possible. For instance, if there are only two international hybrid separate accounts with 10-year average total returns, Morningstar will assign a percentile rank of 1 to the top-performing separate account, and the second separate account will earn a percentile rank of 51 (indicating the separate account underperformed 50% of the sample).