The KBRA Fund Rating (KFR) applies only to investment funds. KFRs are not traditional credit ratings and are differentiated from long-term credit and issuer ratings by the usage of a distinct ‘kf’ subscript. A KFR does not provide an indication of performance as it relates to returns, as measured versus peers, volatility or yield. A KFR measures the quality of a fund's underlying portfolio and the ability of the management team to deploy a fund’s investment strategy, as follows (Additional details are available in our Investment Funds Global Rating Methodology):
A downloadable version of our Rating Scales and Services can be accessed here.
|Describes funds of the highest quality.
|Describes funds of very high quality.
|Describes funds of high quality.
|Describes funds of medium quality.
|Describes funds of low quality.
|Describes funds of very low quality.
|Describes funds of extremely weak quality.
|Describes funds of exceedingly weak quality.
|Describes funds of weakest quality.