This is part three of our special four-part series introducing listeners to how Morningstar's manager research analysts rate funds. In this episode, Shannon Kirwin sits down with Natalia Wolfstetter, a senior member of the European manager research team who spends a lot of her time assessing fund companies' incentives and investment cultures. This episode introduces listeners to the third key element of our Medalist Rating for funds: the Parent Pillar. This is our assessment of the fund companies behind the funds we rate and whether we think they operate in the long-term interests of investors.

Welcome to part two of our special four-part series introducing listeners to how Morningstar's manager research analysts rate funds. In this episode, host Shannon Kirwin is once again joined by Jeffrey Schumacher, head of our European manager research team. The two discuss another crucial building block for our Medalist Rating for funds: the Process Pillar. Tune in to learn about how Morningstar analysts assess funds' investment processes to identify those with an edge over the competition.

Welcome to Beyond the Stars! We're kicking off the podcast with a special four-part series introducing listeners to how Morningstar's manager research analysts rate funds. In our first episode, host Shannon Kirwin is joined by Jeffrey Schumacher, who leads Morningstar's European manager research team, to discuss a key element of our qualitative rating for funds: the People Pillar. Learn how Morningstar analysts assess the portfolio managers, analysts and other supporting resources behind investment strategies in generating our Medalist Ratings.