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We recently broke up the world large-stock Morningstar Category into three style-specific categories to better capture the range of investment approaches used across this broad group of funds. The Morningstar Rating for funds and category performance rankings as of April 30, 2021, reflect the new groups world large-stock value, world large-stock blend, and world large-stock growth. Here s where some prominent funds landed.
World Large-Stock Value
There were some obvious moves. Strategies with clear value roots moved into the world large-stock value category, including Dodge & Cox Global Stock (DODWX), known for its contrarian style of investing and long-term mindset. It had about a third of its assets in financials and energy recently, on the high end of all world large-stock funds; indeed, some former peers didn t even crack double-digits in those sectors.