The All Cap Blend style ranks third out of the twelve fund styles detailed in our 3Q23 Style Ratings for ETFs and Mutual Funds report. Last quarter, the All Cap Blend style ranked fourth. The category receives our Attractive rating, which is based on aggregate ratings of 191 ETFs and 651 mutual funds in the All Cap Blend style as of July 14, 2023. See a recap of our 2Q23 Style Ratings here.
Figures 1 and 2 show the five best and worst rated ETFs and mutual funds in the All Cap Blend. Not all All Cap Blend style ETFs and mutual funds are created equal. The number of holdings varies widely (from 7 to 3,907). This variation creates drastically different investment implications and, therefore, ratings.