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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.

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