Understanding Mutual Fund Competitive Advantages

What sets the great funds apart from the good?

Jul 16, 2019

Mentioned: Facebook Inc (FB) , Brown Capital Mgmt Small Co Inv (BCSIX) , PIMCO Total Return Instl (PTTRX) , T. Rowe Price Blue Chip Growth (TRBCX) , Invesco International Small-Mid Com A (OSMAX) , Baird Aggregate Bond Inst (BAGIX) , Vanguard Total Stock Mkt Idx Adm (VTSAX) , Artisan International Small-Mid Investor (ARTJX) , Fidelity® Total Bond Fund (FTBFX) , Apple Inc (AAPL)

In essence, the Morningstar Medalist rating is about competitive advantages. If we think a fund has enough competitive advantages to outperform its peers, we give it a Morningstar Analyst Rating of Bronze. If it has enough advantages to have a good chance to outperform its benchmark, too, we rate it Silver or Gold.

Our analysts spend the bulk of their time assessing whether a fund has competitive advantages.

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Russel Kinnel has a position in the following securities mentioned above: PTTRX, MAPIX. Find out about Morningstar’s editorial policies.

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