Recent performance doesn't tell the whole story for these funds.
Morningstar Medalist funds largely sold regulation-impacted businesses.
Outside of vaccine-makers, few owned the fastest risers since the start of 2020.
But beware of style differences in this broad Morningstar Category.
Top managers looked ahead to a post-pandemic economy.
As 2020 screeched to a close, financials stocks were popular.
Across the board, Morningstar Medalists got defensive in the third quarter.