LONDON, 10 March 2021—Morningstar UK Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced the winners of its 2021 Morningstar UK Fund Awards.

The annual Awards recognise the retail funds and fund groups that added the most value for investors within key sectors and across asset classes. Morningstar selects the winners using a quantitative methodology, and eligible funds require a five-year performance track record. Weightings to one-, three-, and five-year performance are factored into the methodology, along with a qualitative overlay.

Jonathan Miller, Morningstar’s Director, Manager Research Ratings, UK, comments, “2020 offered unique challenges as well as opportunities to even the most seasoned manager. Within this context, we are pleased to say our 2021 winners were the fund and fund houses that not only posted strong one-year results but were also able to generate strong risk-adjusted returns over a longer time frame.

“At the firm level, Baillie Gifford has gone from strength to strength. At last year’s Morningstar UK Fund Awards, the group won awards for the Best Fund House Overall and Best Equity Fund House. These have been retained in 2021 and moreover, they have received the accolade of Best Fixed-Income Fund House, making it a clean sweep across our three fund house award categories.”

The winners of the 2021 Morningstar UK Fund Awards are:

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Notes to Editors:

The Morningstar fund category and fund house awards are based on Morningstar fund data as at 31 December 2020. The awards methodology emphasises the one-year period, but funds must also have delivered strong three- and five-year returns after adjusting for risk within the award peer groups in order to obtain an award. In selecting winners, fund returns are adjusted for risk using the Morningstar Risk Score, a measure which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility. For the full Morningstar Awards methodology, please click here .

References to and commentary on the above-mentioned funds should not be considered a solicitation to buy or sell that fund.

About Morningstar UK Limited and Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $227 billion in assets under advisement and management as of Dec. 31, 2020. The Company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.