"Fundsmith retains the top spot here and stands, in our view, as an example of an investment boutique that is well-placed for investment excellence. The group has just two strategies, and they follow the same investment philosophy and process. Key personnel are heavily invested in the funds they run, making them well-aligned with investors' interests.

Vanguard earns a High Parent rating for its investor-centric ethos, reliable strategies, and

democratization of advice. Vanguard gained its stature by following founder John Bogle’s playbook:

pairing relatively predictable strategies, mainly passive, with minimal costs. That’s enriched Vanguard’s investors and those outside its flock who have benefited from industrywide fee compression.

Capital Group falls just outside the top 20 this year with around half its share classes earning either

Gold, Silver, or Bronze Morningstar Medalist Ratings." (Morningstar)