The new Morningstar Sustainability Rating helps investors evaluate funds based on environmental, social, and governance (ESG) factors and provides Sustainability Ratings for approximately 21,000 mutual funds and exchange-traded funds. Using data from Sustainalytics, a leading independent provider of ESG and corporate governance ratings and research, Morningstar calculates the rating based on the underlying fund holdings. The sustainability rating ranks funds relative to their Morningstar Category by assigning a scale of 1 to 5 globes.