Wow. I have to admit to being completely underwhelmed by Morningstars latest
attempt at rating funds on qualitative factors after having spent years
defending the utility (or futility) of its quantitative star rankings. Of
course, Im just looking at the Vanguard funds that won gold, silver and bronze,
not to mention the neutrals handed out to the Vanguard Explorer Investor (MUTF:
VEXPX ),
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