Morningstar Analyst Rating Inputs

Bright Directions receives the highest rating awarded to advisor-sold plans.

Here’s what Morningstar had to say about Bright Directions in October 2020:

“The age-based series, as well as the seven static allocation portfolios, employs a blend structure, holding index funds for U.S. equity, international equity, and core bond exposure and actively managed funds, which include highly regarded strategies such as T. Rowe Price Large Cap Growth and DFA US Large Cap Value, for the other subasset classes.”

*Morningstar analyzed and rated 61 plans nationwide. Bright Directions was one of only four advisor-sold plans to get Bronze, the highest rating currently achieved by any advisor-sold plan. Analyst ratings for 529 college savings plans consider: Process, People, Parent, and Price. Based on their conclusions, analysts will assign pillar scores. Morningstar analysts retain discretion to override scores if they believe a unique characteristic justifies a different rating than the score suggests. The Morningstar Analyst Rating™ is a subjective evaluation and is not a credit or risk rating. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative.

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