Gundlach Vs Morningstar Blood Feud Part II: How Much Risk Does Doubeline Take?

Continued from part I

When Morningstar rates funds, they ask a variety of questions centering on the investment process, portfolio construction, succession planning, and risk controls, all as part of their standard due diligence process.  The rating process is considered in some circles to be a deep and uncompromising dive for truth, and they report the outcome regardless of the fund and manager reputation. It has been argued they go deeper and are not afraid to confront the industry's most powerful. Perhaps for this reason Morningstar is considered among the leaders in its field.

To be sure there have been mutual funds that were afforded high ratings by a number of analysts that subsequently...