Morningstar is no longer just looking backwards-focusing on three-, five- and 10-year returns. The fund ratings giant is now looking ahead to the future, as well.

Morningstar is now rolling out a new forward-looking analyst ratings system for the U.S. funds it covers. Funds will now be rated on a predictive five-point scale from "Gold" to "Negative," in addition to Morningstar's flagship star rating, which looks at a fund's past risk-adjusted performance.

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