Investment leaders recognized for disciplined performance and investor-first decision making

Morningstar, Inc. (NASDAQ:MORN), a leading provider of independent investment insights, today announced the winners of the 2026 US Morningstar Awards for Investing Excellence. The awards recognize portfolio managers and asset management firms that Morningstar believes exemplify long-term investment skill, thoughtful risk-taking, and a consistent commitment to serving investors' best interests.

The 2026 winners are:

Outstanding Equity Portfolio Manager: Harry Hartford and Sarah Ketterer, Causeway Capital
Outstanding Fixed Income Portfolio Manager: Jerome Schneider, PIMCO
Outstanding Allocation Portfolio Manager: Michelle Black, Samir Mathur, and Wesley Phoa, Capital Group
Exemplary Stewardship: PIMCO

"Over time, markets tend to favor consistency and discipline rather than short-term noise," said Timothy Strauts, head of manager research, North America. "This year's winners set themselves apart through clear investment philosophies, decisive action at critical moments, and an unwavering focus on investor outcomes. Their work reflects what Morningstar means by investing excellence."

Profiles of each winner and highlights of their investment approach are available on Morningstar.com.

Live Webinar Featuring the 2026 Award Winners

Morningstar will host a live webinar featuring the 2026 award winners tomorrow, April 9, at 11 a.m. CT, with discussion led by Morningstar's manager research team and a financial journalist co‑moderator. The program will offer insights into the winners' investment philosophies, decision-making processes, and learnings across market cycles. Register to join the conversation.

Methodology

Morningstar's manager research analysts conduct in-depth, qualitative analyses to select nominees and vote to determine award winners. Read the methodology for the US Morningstar Awards for Investing Excellence.

The Outstanding Portfolio Manager Award recognizes an individual or team who has produced exceptional returns over the long term. Morningstar presents awards in equity, fixed income, and allocation categories. To qualify, a manager's strategy must currently earn a Morningstar Medalist Rating of Gold or Silver for at least one vehicle and/or share class in the appropriate asset class.

The Exemplary Stewardship Award recognizes an asset manager that has shown an unwavering focus on serving the best interests of investors. Eligible firms must have received a Parent Pillar rating of High or Above Average. The Parent Pillar rating measures the quality of the firm's care of investors' capital. The firm must demonstrate an investor-focused corporate culture and an alignment of interests between investors and the people who control the destiny of the investment strategies.

About Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, institutional investors in the debt and private capital markets, and alliances and redistributors. 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 $378 billion in AUMA as of Dec. 31, 2025. The Company operates through wholly-owned subsidiaries in 32 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on LinkedIn @Morningstar.

Morningstar's Manager Research Group

Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Morningstar Manager Research provides independent, fundamental analysis on managed investment strategies. Morningstar views are expressed in the form of Morningstar Medalist Ratings, which are derived through research of three key fundamental pillars—People, Process, and Parent, and a quantitative assessment of costs in the form of the Medalist Rating Price Score. The Morningstar Medalist Rating is the summary expression of Morningstar's forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. A global research team issues detailed research reports on strategies that span vehicle, asset class, and geography.

Medalist Ratings are not statements of fact, nor are they credit or risk ratings, and should not be used as the sole basis for investment decisions. A Medalist Rating is not intended to be nor is a guarantee of future performance. This press release is for informational purposes only; references to securities should not be considered an offer or solicitation to buy or sell the securities.

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Michael Claussen, +1 312 696-6037, newsroom@morningstar.com

Morningstar Announces Winners for the 2026 US Morningstar Awards for Investing Excellence