In the wake of the scandal, Chicago researcher Morningstar introduced its first-ever "Stewardship Grade" 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 Stewardship Grades.

Most of the domestic stock funds rated by Morningstar are now closed to new investors, and all of the funds are characterized as "good or great funds overall," Morningstar said.

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