Definition 1.
Morningstar categorizes Domestic Equity Funds based on the style and size of the stocks they typically own. The style categorization is either Value, Blend, or Growth and the size divisions reflect the median market capitalization of the companies held in the fund, which are categorized as either Small, Medium, or Large. Based on their investments over the past three years, domestic equity funds are placed in one of the following nine categories: Large Growth Large Blend Large Value Medium Growth Medium Blend Medium Value Small Growth Small BlendSmall ValueMorningstar also includes several other specialty domestic equity fund categories (such as Specialty Heath Care and Specialty Technology) as well as International Equity, Bond, Taxable Bond, and Municipal Bond categories.
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