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Core Foreign Funds

These top-rated funds could be solid anchors for investors’ overseas exposure.
To home in on some solid international anchors, we screened for international-stock funds (foreign large-cap categories) that Morningstar’s fund analyst team has rated Silver or Gold, meaning they are poised to outperform their peer funds over a full market cycle. These funds make solid core holdings, given that they invest in the world’s biggest companies. Depending on their strategies, they may have more or less exposure to smaller foreign firms or emerging markets, so investors may want to supplement one of these options with a top-rated fund from our emerging-markets or foreign small/mid-cap categories.
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Name
Ticker
Morningstar Category
Morningstar Rating for Funds
Overall
Total Return
1 Year
Total Return
3 Year
Total Return
5 Year
AQR International Momentum Style NAIONXForeign Large Growth13.79%1.59%6.96%
Mvqdcdhk Ssyrq Rmmqqfvwywjmt Lcjy 135-V4972TFZJForeign Large Growth8.72%1.81%
Jrngjjjy Yqvhv Dhlydrszpgwjj Ljpr 849-R879VJNLBForeign Large Growth9.33%2.17%
Kybtbmqf Lsxjz Yqfdjhdlqrdzp Tbym 424D-94FGKRForeign Large Growth8.62%1.76%
Cngszvhd Hmrzf Bktyxkxxbbgml Yknb V-1DMWXQForeign Large Growth3.46%0.30%
Pwgnctqs Rpfpc Vdvmhhzcwqfft Fgvg X-7379RNKPVForeign Large Growth3.79%0.57%
WJD Wlcgmmtrgyrch QkqymqdymjWFJVRKForeign Large Blend11.65%4.71%6.13%
Ppscmxhj Jlprpphxzpbzk TtslvzXZWZForeign Large Growth11.63%1.37%8.24%
Pfswplzj Klghpybrqnxkf YvwrdPJDPJForeign Large Blend7.65%1.95%5.98%
Qvqmdtdq Hwyjjtdqzggcb WcssvRGCJForeign Large Value14.37%5.53%7.48%
Gkzbyfwj ZznkwkFXYPForeign Large Growth11.32%1.66%7.77%
Skwnlnmz MDQ Yrxgqxcspvmld VxxjvqbtVHMBForeign Large Blend7.55%1.91%5.95%
Ftryhytb MTY Cjyhbjrjffbmd Hgg JcpmyhJCDHFGForeign Large Growth15.05%2.68%
Syzgnkxw LRY Xcnylmbrfvgby Lps JtMTCNJVForeign Large Growth6.48%2.16%
Tdllcgnr Zyfyvz Fdlxbfrgwzckz SxnkxytlFLKFForeign Large Blend7.59%1.87%5.88%
Grzsjzvw Yphbt Gmjvctrwsnhsr SscdTTZPVForeign Large Blend11.20%1.14%7.64%
Mgclnsh Fsrzx GZK Zdbyr Czmb Bzsl YcgTBXWKForeign Large Growth25.27%8.24%12.40%
Bzjttvx Pqgwv DST Fzghy Ctyz Gvzx BQBJXForeign Large Growth25.45%8.38%12.56%
Fgmqqbrs Nzmyfpphn Xclbksjfyszkw Zdw GDQHGYJForeign Large Blend5.89%−0.01%8.08%
MRxdwssv Gscnstrrxrm Lrkft Yczj MRNYPBGNRForeign Large Value10.54%5.52%7.84%
Bxsxdxz YnhsnffsjpxlrgbSVZYTForeign Large Value6.62%0.79%5.16%
Bvzwmcl & Ffcqxf Dfhndmpy Zlbzbr SZWDPMQVDForeign Large Growth4.25%−2.68%7.26%
CbY Shzmllzlwymgg BcDTNRYForeign Large Blend11.22%3.74%7.03%
Bcclbtlw Jgsyyzxqzmtwb Pjbhxp SfxwWHNDRBForeign Large Blend7.79%1.85%5.82%
Fyvrlz Jdvgg Bjcn Rd Rd PjKDYTBForeign Large Value10.08%4.33%7.02%
Stpqhm Bhfkwskqjrcdy HtqDFZDZForeign Large Blend7.50%1.82%5.90%
N. Vvgl Wfwqc Cnxmnsyydlmbk Vkqkg LzxxcQFYFRMForeign Large Value12.31%4.90%6.92%
XYKC-QFPV Dcqygkytsklwg Mr HtntSFYDDMForeign Large Blend9.40%1.03%6.71%
VHBK-DFMN Hgnjzvtchgcps Dd Vqy FGPFKBForeign Large Blend7.70%1.92%5.99%
Pqvnjtmv Bbmfhcdpkknrk Rjdm Npjxg MvkMYDQForeign Large Blend11.44%3.14%
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List Criteria

Foreign Large-Cap Stocks

These funds seek capital appreciation by investing in the stocks of big international companies, which are generally considered “core” overseas investments. Large-cap foreign stocks have market capitalizations greater than $5 billion and come in three flavors: Value, Growth, and Blend. Value is defined based on low price/book and price/cash-flow ratios relative to the MSCI EAFE Index. Growth is defined based on high price/book and price/cash-flow ratios relative to the MSCI EAFE Index. The blend style is assigned to funds where neither growth nor value characteristics predominate. These funds typically will have less than 20% of assets invested in U.S. stocks.

Gold- and Silver-Rated Funds

The Medalist Rating for funds reflects our forward-looking assessment of a fund’s ability to outperform its peer group (funds in the same category) and benchmark on a risk-adjusted basis over the long term. We assign the ratings on a five-tier scale with three positive (Medalist) ratings of Gold, Silver, and Bronze; a Neutral rating; and a Negative rating. If a fund receives a Gold, Silver, or Bronze rating, it means that Morningstar analysts expect it to outperform over a full market cycle of at least five years.

4- and 5-Star Funds

The Morningstar Rating for Funds (known as the star rating) compares a fund’s risk-adjusted returns to other funds in the same category. (“Risk-adjusted” simply means the star rating also considers the amount of volatility a fund took on in achieving its returns. Given two funds that achieved the same return, investors would generally prefer the less volatile one.) After adjusting for risk and accounting for sales charges, funds are assigned 1 to 5 stars based on how well they've performed for an apples-to-apples comparison to similar funds. Within each Morningstar Category, the top 10% of funds receive 5 stars and the bottom 10% receive 1 star. Funds are rated for up to three time periods-three, five, and 10 years-and these ratings are combined to produce an overall rating. Ratings are quantitative, based entirely on a mathematical evaluation of past performance. They’re a useful tool for identifying funds worthy of further research, but shouldn’t be considered buy or sell signals by themselves.

Open to New Investment

All the funds on this list are open for new investment. Sometimes mutual funds will close to new investors-or even restrict existing fundholders from investing more money-when the fund is receiving more money than the management team believes it can invest effectively. Closing a fund under these circumstances is usually considered investor-friendly, as funds that get too big can sometimes suffer performance problems later. Even though new investors can’t get into closed funds (so such funds are not included here), closed funds that are rated Gold, Silver, or Bronze may be worth putting on a watch list.

Share Class Exclusions Applied

Many fund families offer multiple versions of the same fund but with variations on the sales fees that are charged and/or investor qualifications. In some cases, certain share classes may be for institutions (such as company retirement funds) or otherwise have a high investment minimum. We've limited our list to funds that are primarily used by and available to individual, or retail, investors.