Morningstar is a well-known mutual fund rating organization that publishes its own star ratings that are widely used based on both excess returns for different classes of mutual funds and risk measures, including new sustainability ratings as well.

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This statement is true. Morningstar is a well-known mutual fund rating organization that publishes its own star ratings based on excess returns for different classes of mutual funds and risk measures. Additionally, Morningstar has recently introduced sustainability ratings for mutual funds.

Morningstar Is a Well-Known Mutual Fund Rating Organization That Publishes