Morningstar announced Monday it will unveil 11 new mutual fund categories as part of a series of upgrades to the company’s investment methodology.

The Chicago-based fund-tracking firm also plans to discontinue one category and change the names and content of eight others.  The new categories include Conservative Allocation, Moderate Allocation, Bear Market, Bank Loan, High-yield Municipal Bond and State-specific Municipal Bond.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.