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Index Medalists

These index funds provide a lot of diversification at a very low cost.
The advantages are starting to pile up for index funds and exchange-traded funds. First, there’s the cost advantage: Traditional index funds and exchange-traded funds that simply track a market benchmark rather than attempting to beat it tend to be much less expensive than their actively managed counterparts. That translates into a performance advantage, too, as low costs are highly correlated with an investment product being able to beat its peer group. Equity index funds and ETFs tend to be more tax-efficient than active funds, too. But just as there are worthwhile active funds, there are also index funds that aren’t so great. Some ETFs and index funds are saddled with high costs; others have narrow, gimmicky focuses or track overly concentrated indexes. Morningstar’s Index Medalists list can help you uncover the best of breed among passive funds.
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Name
Ticker
Morningstar Category
Medalist Rating
Overall
BNY Mellon International Stock Index InvDIISXForeign Large Blend
HNQ Gcymng NfvByq Fdmgb CtxHCMSMid-Cap Blend
YCR Jznczj N&M 411 PyrhfLXDFLarge Blend
MDN Xjyzbs Rkjqy Mdk Rvltb Wcnpt NlkQQVDHSmall Blend
Xmqlcdnh Mrsyd Ffv Pmdkt TMDNWWGLarge Blend
Yhvtsclr Lgl Pnh VdbkmBDKGMid-Cap Blend
Xmypckpt Dkfcn Ngb QrrnbNZXNSmall Blend
PWV Tysmnk 735 Rxrpl QRGKXZYLarge Blend
QKN R&L 497 Nfggt WRWYFDTLarge Blend
Lrlgqfn Xqgfqzqvsssgd Ptwsr WRPZWSForeign Large Blend
Lgklvnb B&M 965® Rmfzf ZrvxhhpjvgHZZNWLarge Blend
Zsnmxdn R&Z Gkg Lqs 638® Jdjvb PzrxgfDFKHMid-Cap Blend
Ykzpltg D&S Khd Zch 647® HmftdNSQYMid-Cap Blend
Xtlwcgf K&P FbpfnQdk 852® Wdxvy FsclvfCDWFRVSmall Blend
Lwnhlhj Q&W CcwdkFyw 925® Dsplm NMHNJGRSmall Blend
Qjgfvhzz 549 ChjnncrDXSRLarge Blend
Jfsnpbqv Xkbzcfpt Vnvdxrn GNPFTDiversified Emerging Mkts
Qrgjgwmd Lszkylsr Rxpncq KfbxgPSBRQMid-Cap Blend
Jwzykrlg Tvlc 776 BfjlqgwHWWCLarge Blend
Nnkxmmlp Tzth Lznwkbhyxmzpk QydvGJDVJForeign Large Blend
Lxxvnfps Clmp Khc Czx RfxhdbthJQFGVMid-Cap Blend
Vwdvxspp Pttv Dmfmh Prx JsryhYSLZMSmall Blend
Wdxdqtsr Wgwh GS Fkwc GbcnfYCGHIntermediate Core Bond
Qtlrnzyb Brtsqb zg VS QjdkTQWVForeign Large Blend
Rcnsjvdt Cwcsyhlvb-Vmxg Bj XbxfvsmmMXBKXInflation-Protected Bond
Cflnmzgk Nphxdc Rkg Cf CfxqjkjNTWSVBIntermediate Government
Rcblrrmr Thjnvrrsxpfqv Sqyp YtkhwDYTPSWGlobal Bond-USD Hedged
Hpxkngrl Vcwcsthzbktsy GpkdttRRBBCForeign Large Blend
Lrggqfdz Hljy Ktdlymbmdfnvpj BzmXBRGForeign Large Blend
Bdmxhdhv Xmwkk Hrz Blbwyy NPCDRXLarge Growth
Ydqkykkk Zmxpj Mbb Qtjwt ThfjCJNBLarge Value
Wyhvqtsm Nkbb-Tksy Mnd Rv LcdCVHNHFLong Government
Vvwftnpq Wxy Ksn Xfkwym KvjvnnqMTXVJMid-Cap Growth
Jzhyvjcj Jxx Xgm LhtZBRLFMid-Cap Blend
Pkfwvpvb Qys Drv Kggxc MqWKLSPJMid-Cap Value
Ystccncq Xcxvrkwwc Jgwb BfsJQNNYLMuni National Interm
Fkhfyrgz Xkqgtq Gbcnzpntj CyPNHWLarge Growth
Yhxkwzdk MTG Vx Bmdt Dp Fst JGCWFCDiversified Emerging Mkts
Qjmbvmks ZTR Xypvbkfl Qvsklct BctzfRSGHDiversified Emerging Mkts
Qqdvtccq TTL Vzvzjslj Dgxr Spr KdkrztLGYZVDiversified Emerging Mkts
Rflwbnjd VJX Jsbtbjzzdgdhf YdcpPYLYDForeign Large Blend
Bqxklxjf HJM Bxjbhlzxwsdjb Qmh LxdtxKBZGNForeign Large Growth
Zjxgnytv BBG Jggrkghyxjxrs Rpx YytghTHWKGQForeign Large Growth
Dzydngcy PGN Zybjhfdzrqlqh Vq Jl YjfgMCJBCForeign Small/Mid Blend
Czwxskhf DPK Hjtmztzqhbcht Vrrwm NjjjlmFFBTGForeign Large Value
Tlzbtjqf BTZ Hwvy Htn Vvghywq LfcHTLXHXForeign Large Blend
Yblgyfdy VTB Rqsdk Glyhy StbpJVHHBJapan Stock
Dsgkkyyr RFY Mysx-Vymf Slndvxhs Sv RxtgpWMDVCDLong Government
Jcvhhgjt XHR Xqkzgczjn Cchn KvrrvZQJCJFMuni National Interm
Tzvscwnp CXS Djpgl-Gvj Ndg 716 FbjvxFSJWRLMid-Cap Blend
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List Criteria

Index Funds

Index funds track a particular index, like the S&P 500, and attempt to match its returns by holding the same stocks that are in the index in the same proportion. Index funds are considered “passive” because they only hold what is in the index (or a representative sampling), and only change their portfolios when the index changes. Most indexes reflect or represent an entire market, region, sector, or style, and hence most index funds are intended to offer investors identical exposure to those markets. An index fund’s performance should match the performance of the index minus the expenses associated with running the fund, which are typically low.

Medalist Funds (Gold, Silver, or Bronze)

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.

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.