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ETF Specialist

A Great All-Cap Foreign Stock Fund

This compelling choice gets an upgrade.


The core of most investment portfolios should be constructed from broad, low-cost funds. The number of foreign stock funds that possess these characteristics has climbed over the past decade, and investors are no longer restricted to those that only hold large- and mid-cap stocks. All-cap foreign stock index funds, like SPDR Portfolio Developed World ex-US ETF (SPDW), also incorporate small caps into the mix, which can provide incremental diversification benefits. SPDW combines its wide portfolio with a low fee into an attractive, competitive package.

Morningstar’s new ratings framework, which places more emphasis on fees, has recognized this fund’s low expense ratio as a significant advantage over its peers. As a result of this updated analysis, we have upgraded its Morningstar Analyst Rating to Gold from Silver.

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Daniel Sotiroff does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.