Morningstar has rolled out mutual fund stewardship grades to underscore the fact that there's more for investors to consider when choosing a mutual fund than just past performance. This year's results are in, and one-fourth of domestic stock funds received excellent marks, while Morningstar rated all of them "good or great funds overall."

The Dodge & Cox Stock Fund was given an outstanding stewardship grade. The fund boasts some of the best returns in the large-value arena with "a sound and patient strategy, and a savvy management team," Morningstar said.

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