Morningstar has handed out some extra gold stars.

Fidelity and American Funds took the honors with the Fidelity Small Cap Discovery Fund (FSCRX) and American Funds Capital World Growth & Income Fund (CWGIX).

A simple closing of FSCRX to new investors afforded the fund the coveted upgrade to gold. The fund, which has $4.9 billion in assets, had seen a huge influx in assets, with flows jumping from $87 million in August 2012 to $247 million in December. The fund is managed by Chuck Myers, who also runs $3.5 billion in Fidelity Small Cap Value (FCPVX), which closed for the second time this year on March 1.

Meanwhile, CWGIX moved up to Gold from Silver for its "excellent performance," driven in part by its upgrade in the Performance pillar to Positive. "While the fund has turned in several middling showings in recent years, its long-term record remains impressive, particularly on a risk-adjusted basis. It bounced back a bit in 2012, too, with a near top-quartile return," wrote analyst Russel Kinnel.

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