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Funds

Index Medalists

These index funds provide a lot of diversification at a very low cost.

List of investments
Name
Ticker
Category
Morningstar Analyst Rating
Foreign Large Value
Large Blend
Intermediate Core Bond
Mid-Cap Blend
Mid-Cap Growth
Mid-Cap Blend
Long Government
Mid-Cap Value
Short Government
Foreign Large Blend
Long Government
Corporate Bond
Short-Term Bond
Inflation-Protected Bond
Large Value
Foreign Large Blend
Intermediate Core Bond
Large Growth
Large Value
Foreign Large Blend
Large Blend
Intermediate Government
Foreign Large Value
Foreign Large Growth
Large Blend
Mid-Cap Growth
Muni National Interm
Mid-Cap Value
Small Blend
Small Value
Small Growth
Large Blend
Long-Term Bond
Large Growth
Small Blend
Large Value
Large Value
Large Growth
Large Blend
Large Blend
Intermediate Government
Foreign Large Blend
Muni National Short
Muni National Long
Europe Stock
Diversified Pacific/Asia
Real Estate
Diversified Emerging Mkts
Foreign Large Blend
Europe Stock
Mid-Cap Growth
Europe Stock
Foreign Large Blend
Large Blend
Small Value
Large Blend
Foreign Large Blend
Large Value
Inflation-Protected Bond
Mid-Cap Value
Intermediate Core Bond
Inflation-Protected Bond
Mid-Cap Blend
Large Blend
Small Blend
Large Growth
Small Growth
Small Value
Large Value
Inflation-Protected Bond
Short Government
Intermediate Core Bond
Small Blend
Intermediate Core Bond
Large Value
Long-Term Bond
Diversified Emerging Mkts
Large Growth
Inflation-Protected Bond
Muni National Long
Large Value
Large Blend
Inflation-Protected Bond
Short-Term Bond
Global Real Estate
Large Value
Large Growth
Large Blend
Muni National Short
Large Blend
Large Value
Large Blend
Foreign Small/Mid Blend
Corporate Bond
Emerging Markets Bond
Inflation-Protected Bond
Small Blend
Large Value
Large Blend
Corporate Bond
Foreign Large Value
Short-Term Bond
Long-Term Bond
Intermediate Government
Foreign Large Blend
Large Blend
Diversified Emerging Mkts
Large Value
Large Growth
Large Value
Mid-Cap Blend
Intermediate Core Bond
Large Blend
Corporate Bond
Large Value
Ultrashort Bond
Ultrashort Bond
Small Blend
Foreign Large Blend
Large Growth
Large Blend
Short Government
Mid-Cap Value
Foreign Large Blend
Intermediate Government
Mid-Cap Blend
Intermediate Core Bond
Large Value
Foreign Small/Mid Blend
Large Value
Short-Term Bond
Foreign Large Blend
World Large Stock
World Large Stock
Muni National Interm
Foreign Large Blend
Diversified Emerging Mkts
Foreign Large Blend
Large Blend
Foreign Large Blend
Mid-Cap Blend
Foreign Large Blend
Corporate Bond
Long Government
Large Blend
Small Value
Global Real Estate
World Large Stock
Large Blend
Foreign Large Blend
Intermediate Government
Small Blend
Ultrashort Bond

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.

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 Analyst Rating for Funds is based on our fund analysts’ conviction in 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. 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.

No-Load Funds

This list includes only no-load funds. “No load” refers to a mutual fund that does not charge a fee (known as a load) for buying or selling its shares; the investor typically buys no-load funds directly from a fund company or through a fund supermarket. Load funds, on the other hand, are sold by an advisor or broker and charge a percentage fee at purchase or sale of the shares, which is meant to be compensation for the planner’s investment-selection advice. (Note: Not all advisors sell load funds. Many are compensated via a flat fee or a percentage of all assets under management.) Whether a fund charges a load or not isn’t a reflection of its underlying quality. Many load funds are also Medalists, and some load funds are available without a load through 401(k) or other retirement plans. But we’re including only no-load funds here, since this list is designed to help investors who are primarily doing their own fund-picking.

Distinct Portfolios Only

Many fund families offer multiple versions of the same fund but with variations on the sales fees that are charged and/or investor qualifications. Screening for “distinct portfolios only” removes all but one of these options to avoid having several share classes of the same offering cluttering the list. Morningstar normally designates the oldest share class as the distinct portfolio. In some cases, this share class may be for institutions (such as company retirement funds) or otherwise have a high investment minimum. In those cases, investors may want to consider an “investor” share class of the same fund, though the fund expenses may be higher for those share classes.