- Despite volatility during 1Q22, 5-Star funds were the only rated grouping to experience net inflows
- 4-Star funds benefited from strong industry flows in 2021 along with funds with a 5-Star rating
- For the past 10 quarters, funds with a 3-star rating or lower have remained in negative flow territory
Net Flows for Actively Managed Funds by Morningstar Star Rating
Source: FUSE Research, Morningstar (Actively Managed Funds including ETFs ex FoF)