Morningstar’s Best Fixed Interest ETFs & Funds
Get exposure to a range of Australian and global fixed interest securities including government bonds and corporate bonds. See our best-rated fixed interest ETFs and funds, and view detailed research and ratings, inside Morningstar Investor. Sign up for a FREE 4-week trial^ now to get access. No credit card needed.
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Unlock Our Best Australian & Global Fixed Interest Picks
Medalist Passive Australian Fixed Interest
Medalist Passive Global Fixed Interest
Medalist Active Australian Fixed Interest
Medalist Active Global Fixed Interest
Dive Deeper With Our Research Reports
See detailed Morningstar analysis on fixed interest ETFs and funds under our coverage. Dive deeper into fund holdings, asset allocation, fixed income style, credit quality and sector exposure.
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About Morningstar’s Medalist Rating for Funds
The Morningstar Medalist Rating for funds is a five-tier system used to analyse how fees will impact different securities in the long term.
AT A GLANCE
- The Morningstar Medalist Rating provides investors with assessments of a strategy’s ability to outperform its Morningstar Category index after fees.
- Research has repeatedly shown that the ability of a strategy to outperform is eroded as fees become higher.
The process of calculating the Morningstar Medalist Rating includes analysing the performance of the asset-management firms that handle various assets and securities and determining whether their processes are sensible and clearly defined. Other factors that are taken into account are the investment philosophy behind the investment vehicle, the level of risk involved in the process, and the manager’s approach to navigating that risk.
The following pillars are used to designate an appropriate Morningstar Medalist Rating for each respective fund:
Parent pillar: This pillar analyses the parent organization in charge of managing the fund.
People pillar: This pillar evaluates the managers who are responsible for making key decisions regarding the fund.
Process pillar: This pillar determines whether the strategies a parent organization applies to a fund is both effective and repeatable.
How Morningstar Assigns Pillar Ratings
Directly by analysts: Pillar ratings assigned by analysts to vehicles they cover, based on their qualitative assessment. When analysts cover a vehicle, they assign all three pillars—People, Process, and Parent.
Indirectly by analysts: Pillar ratings assigned to vehicles that are not covered directly by analysts. This is achieved by mapping the pillar ratings that analysts have assigned to vehicles they cover to uncovered vehicles that are related in some way to the vehicles they cover.
Directly by algorithm: Pillar ratings assigned algorithmically to vehicles not assigned pillar ratings directly or indirectly by an analyst. Morningstar has developed a machine-learning model to expand its coverage beyond ratings assigned directly or indirectly by analysts. The model algorithmically derives pillar ratings for vehicles not assigned ratings directly or indirectly by analysts by using the decision-making processes of analysts, their past ratings decisions, and the data used to support those decisions.
About Us
We’re all in for investors.
Morningstar is a leading source of independent investment research for stocks, funds, ETF's, credit, and LIC's as well as financial data, news, investing tools.
It started with an idea—one great idea from a 27-year-old stock analyst. Joe Mansueto thought it was unfair that people didn’t have access to the same information as financial professionals. So he hired a few people and set up shop in his apartment—to deliver investment research to everyone. We didn’t know then what the company would look like today, but we knew the commitment to our mission—to empower investor success—wouldn’t change. Now, we operate through wholly- or majority-owned subsidiaries in 32 countries. We’ve empowered investors all over the world, and we’re continuing to look for new ways to help people achieve financial security.
Our research is independent, which means we do not charge or accept payment or commissions from fund managers, listed companies or other product issuers to produce research on their products. Our mission remains true today, 39 years after that one great idea – we believe in the democratization of investment information, research and data. Our mission is at the core of everything we do – to empower investor success.
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Frequently Asked Questions
➣ Why does Morningstar’s ratings on my broker platform differ from the ones in Morningstar Investor
The research that you receive through your Morningstar Investor Membership is qualitative—our analysts have rated the stock and provided input and opinion to the final fair value. The research that you access through your broker is quantitative in nature – what this means is that the fair value is decided based on data inputs and algorithms, without weigh in from our analysts.
This is why the research and ratings may differ between your membership and your broker.
Morningstar Investor is not a broker service – it offers a different service to your broker – focusing on providing investors a holistic portfolio management tool that helps you track, monitor and maintain your investments.
➣ I receive Morningstar ratings for free from my broker. How is this product different? What is the difference if I access it directly?
The level of access to Morningstar ratings and data differs broker to broker, but in most instances, the ratings that you receive free from your broker are quantitative in nature. This means that fair value (the long-term intrinsic value of a share) that is assigned to a share is calculated based on an algorithm. As part of Morningstar Investor, you receive access to qualitative analyst research on more than 1600 stocks, forward-looking ratings on over 3,000 ETFs and managed funds.
Morningstar Investor is a holistic solution that is focused on the investor, and not the investment. It offers access to ratings, as mentioned, and data on over 46,000 securities. It also includes analyst insights and editorial thought leadership, including forecasts for ASX/200 stocks.
As part of your subscription, you also receive access to a Portfolio Manager that is powered by award winning Portfolio Tracker, Sharesight and integrated with Morningstar research and data. This is accompanied by a suite of tools and calculators to help investors reach their investing goals, including goal calculators, asset allocation models, ETF model portfolios and more.
➣ Is Morningstar Investor a broker service?
Morningstar Investor does not offer investors the ability to trade securities.
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If you already have a Sharesight subscription, we will pick up your bill (up to the value of the Investor Plan). For existing Sharesight subscribers, you are able to link your existing account to your Investor subscription. If you are on the monthly investor plan, the billing will be directed to Morningstar from the following month. If you are on an annual plan, the next annual payment will be paid directly by Morningstar. If you are on a higher priced plan you will be charged the difference between the investor plan cost and your plan.
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