This week, four funds earned Morningstar’s highest Gold ratings.

The Longleaf Partners Fund gets a nod from Morningstar analyst Gregg Wolper for its penchant for controversy. “Although the managers (Mason Hawkins and Staley Cates) do not buy with the intention of becoming activist investors, when they feel management of one of their holdings should follow a different course or want to provide guidance on merger decisions, they do become active,” explained Wolper.

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