Excerpt: While Morningstar currently assigns its popular star ratings -- which are based on risk-adjusted returns -- to individual target-date funds, the new rating system will apply to a fund company's entire target-date lineup. The firm plans to issue ratings for 20 target-date fund families in the third quarter of this year. The fund families can earn a maximum of 20 points in each of five categories: people, meaning the fund managers and board; parent company, which will examine the fund company's corporate culture and any regulatory issues; performance; portfolio holdings; and price. Morningstar will also offer a four-page research report on each target-date lineup.  MORE >>