Many of our favorite value-leaning funds have been investing in the sector for a long while.
Several--but certainly not all--of Morningstar's top-rated managers are overweighting emerging-markets stocks.
Investors often underestimate the virtues of risk control at the worst possible times.
Despite recent manager turnover and an off year in 2014, we still have confidence in this conservatively run Bronze-rated foreign large-blend fund.
As the market has soared, so have tax-cost ratios at many equity funds.
With Bill Nygren and David Herro at the helm, Silver-rated Oakmark Global Select has bested more than 90% of its peers on both a total return and risk-adjusted basis.
The strategy of this moderate allocation fund plays to T. Rowe's expertise across a broad range of asset classes, says Morningstar analyst Greg Carlson .
The Gold-rated T. Rowe Price Capital Appreciation manager also discusses the fund's recent growth picks and attraction to BB-rated bonds.
Partially closed Oakmark Global Fund has a higher-quality tilt and an impressive risk-adjusted long-term track record.
If the market stumbles, these funds are well positioned to go shopping.