Cornhill Management’s WIOF Global Listed Utilities fund has been recognized for its outstanding performance by international fund ratings agency Morningstar.

The fund has been given a five star rating by the agency in its latest round of fund ratings after its performance (I Class) put it in the top 10% of its peers in Morningstar’s Utilities Sector Equity.

The rating is the highest given by the agency for a fund and is based on risk-adjusted return. Morningstar calculates ratings for three-, five-, and 10-year periods and an overall Morningstar rating is then given based on a weighted average of the available time-period ratings.

But the Global Listed Utilities fund is not the only Cornhill Management fund to have been recognized by Morningstar. The WIOF Global Strategy Alpha, China Performance, Russia and CIS Performance and South-East Asia Performance funds were all given three star ratings.