Don't Confine Your Fund Search to a Small Category
There's more than one way to skin a cat.
For a fund to earn a Morningstar Analyst Rating of Gold, it must be a true standout with competitive advantages. Not every category has one--in some categories the top-rated fund is Bronze or Silver. And that's fine, but sometimes you can find some better options among the larger categories that will do an even better job of what you want to do.
For example, the top Japan fund is only rated Bronze, but you could instead consider a broad foreign fund or a diversified Pacific fund as a way to get Japanese exposure. Let's look at the top-rated funds in categories devoid of Gold-rated funds.
Russel Kinnel has a position in the following securities mentioned above: VHCOX, POAGX, VBTLX. Find out about Morningstar’s editorial policies.