When It Comes to the Fantastic, Cap Group and Vanguard Dominate
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Tuesday, September 19, 2017

When It Comes to the Fantastic, Cap Group and Vanguard Dominate

Morningstar is smiling once again on two industry titans, Capital Group and Vanguard.

Yesterday the investment research giant's Russ Kinnel updated his list of "Fantastic Funds." This time only 43 made the cut, down from 48 in 2016. Of those 43, 13 are Cap Group's American Funds and 11 are Vanguard funds.

Kinnel's updated list includes eight other fund firms' wares, including: seven Fidelity funds, four T. Rowe Price funds, two Baird funds, two Dodge & Cox funds, and one fund each from Diamond Hill, Harbor, Luther King Capital Management, and Primceap.

M* creates the list by whittling the broader mutual fund universe down using a number of screens: expenses in the cheapest quintile, having a PM with more than $1 million in their own fund, risk below "high" (a Morningstar Risk rating), a Morningstar Analyst rating of bronze or higher, a positive parent rating, and above benchmark returns (including a category benchmark for allocation funds). Institutional shares are excluded, but closed end funds are not.

Kinnel's article yesterday digs deeper into the screening process and highlights new funds added to the list.

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