This year, just 16 mutual fund shops have products on a select Morningstar list.

In the new issue of the mutual fund ratings giant's FundInvestor newsletter, fund research director Russ Kinnel revealed the the 50 mutual funds on Morningstar's Fantastic list. The list, which Morningstar first published in 2012 and varies in size year (last year it was the Fantastic 48), draws from a universe of nearly 8,000 funds by using seven screens: cost (cheapest quintile in terms of fees), PMs who eat their own cooking (and put at least $1 million of their own money in the fund), risk (below Morningstar's "high" level), M* analyst rating (bronze or better), stewardship (only positively-rated parents), benchmark-beating returns, and no institutional share classes.

Just two mutual fund shops, Vanguard and Capital Group's American Funds, split 44 percent of the 50 spots on the list, with 11 funds each. Next is Fidelity, with seven funds, more than double the three funds it had on last year's list.

Here are the 16 fund shops who each had at least one fund make the list (seven of them had at least two funds each on the list), along with the number of funds from each that made it.

Capital Group's American Funds, 11;

Killen Group's, 1;

Columbia Threadneedle, 1;

Dodge & Cox, 4;

Fidelity, 7;

Franklin Templeton, 1;

Harbor, 2;

Invesco, 1;

Luther King Capital Management Corp (LKCM), 1;

MFS, 1;

Mairs & Power, 1;

Oakmark, 1;

PrimeCap, 3 (and 2 of the Vanguard funds on the list are PrimeCap-powered);

Davis Selected Advisers' Selected Funds, 1;

T. Rowe Price, 3;

Vanguard, 11. 

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