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Rekenthaler Report

Why Morningstar Lacks an All-Cap Fund Category

Rekenthaler confesses all.


Mea Culpa
Morningstar lacks an all-cap category for U.S. stock funds, a decision that strikes many investors, advisors, and fund companies as strange at best and proof of Morningstar's ignorance at worst. It's a policy that has cost Morningstar significant goodwill over the past decade--to say nothing of money--with frustrated subscribers metaphorically tossing Morningstar's software against the wall and cursing the idiot who created Morningstar's fund categories.

I was that idiot. This article explains what I was thinking.

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