Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. For detail information about the Morningstar Star Rating for Stocks, please visit here Past performance of a security may or may not be sustained in future and is no indication of future performance. Investments in securities are subject to market and other risks. If our base-case assumptions are true the market price will converge on our fair value estimate over time, generally within three years. A 5-star represents a belief that the stock is a good value at its current price a 1-star stock isn't. This process culminates in a single-point star rating that is updated daily. Four components drive the Star Rating: (1) our assessment of the firm’s economic moat, (2) our estimate of the stock’s fair value, (3) our uncertainty around that fair value estimate and (4) the current market price. Morningstar assigns star ratings based on an analyst’s estimate of a stock's fair value. It is projection/opinion and not a statement of fact. The Morningstar Star Rating for Stocks is assigned based on an analyst's estimate of a stocks fair value. Convertible bonds and warrant-linked bonds do not constitute interest-bearing securities in this respect. Promissory note loans shall be attributed to the investment limit for interest-bearing securities. Up to 20% of the investment fund’s assets may be invested in interest-bearing securities. The pharmaceutical sector includes all activities and services related to the research, development, manufacturing and distribution of pharmaceuticals and medical technology, as well as the provision of services in the field of treatment and prevention of diseases. Income is reinvested in the investment fund.Īt least 51% of the investment fund’s assets must be invested in equities of companies whose revenues or earnings, as reported in the most recent annual report, were generated primarily from activities in the pharmaceutical sector, or whose expenditures take place primarily in this sector. The investment fund’s investment objective is to achieve the highest possible appreciation of capital. If in any doubt, please contact your provider and access the website manually.Investment Objective: DWS Health Care Typ O NC Make sure the address is correct (URL), use the right protocol ( instead of just and verify the website's authenticity on the basis of the certificate. In order to protect against so called phishing attacks, please check that you have been forwarded to the proper website of your provider. Tradegate Exchange has no intention of entering into any legally binding relations regarding contractual relationships, however made, arising from forwarding to other web pages. Please make an additional check of all details in the securities order mask before you execute the order. At this stage the WKN/ISIN, buy/sell and stock exchange Tradegate Exchange are usually preset. The user should therefore seek detailed personal advice before making any investment decision.īy clicking "accept" to agree to this disclaimer and after logging in you will be redirected straight to the order mask of your chosen provider. In this context, Tradegate Exchange points out that stock market transactions are associated with risks. It accepts no liability for the data, details, presentation or other information provided on those web pages, in particular for any damages resulting from consulting such information for your investment decisions. Tradegate Exchange has no influence on the function and contents of those web pages. The web pages to which you will be forwarded do not belong to the Tradegate Exchange website. By clicking the button "accept" you will exit the Tradegate Exchange website.
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