Morningstar Advisor - August/September 2011 - (Page 71)

Name Cat Style Stwd- Morningstar Box ship Rating Grade Annualized Total Return % YTD 1Yr 3Yr 5Yr 10Yr Yield % Std Dev 3 Yr % Worst 3-Mo Ret % Exp Ratio # of TurnHold- over ings % Total Assets ($Mil) Incep Date Buffalo Mid Cap BUFMX FPA Paramount FPRAX PRIMECAP Odyssey Aggressive Growth POAGX Royce Premier Invmt RYPRX * Turner Midcap Growth Investor TMGFX Allianz NFJ Small Cap Value D PNVDX * Diamond Hill Small Cap A DHSCX Perkins Small Cap Value T JSCVX * Schneider Small Cap Value SCMVX Bogle Small Cap Growth Inv BOGLX Royce Special Equity Invmt RYSEX Third Avenue Small Cap Value Instl TASCX Vanguard Tax-Managed Small Cap Adm VTMSX Brown Capital Mgmt Small Co Instl BCSIX Wasatch Small Cap Growth WAAEX American Funds American Balanced A ABALX American Funds Inc Fund of Amer A AMECX Calamos Growth & Income A CVTRX Dodge & Cox Balanced DODBX FPA Crescent FPACX Gateway A GATEX Manning & Napier Pro-Blend Cnsrv Term S Manning & Napier Pro-Blend Mod Term S T. Rowe Price Personal Strat Growth TRSGX T. Rowe Price Personal Strat Income PRSIX T. Rowe Price Retirement 2005 TRRFX T. Rowe Price Retirement 2010 TRRAX T. Rowe Price Retirement 2015 TRRGX T. Rowe Price Retirement 2020 TRRBX T. Rowe Price Retirement 2025 TRRHX T. Rowe Price Retirement 2030 TRRCX T. Rowe Price Retirement 2035 TRRJX T. Rowe Price Retirement 2040 TRRDX T. Rowe Price Retirement 2045 TRRKX T. Rowe Price Retirement 2050 TRRMX T. Rowe Price Retirement 2055 TRRNX Vanguard Target Retirement 2005 Inv VTOVX Vanguard Target Retirement 2010 Inv VTENX Vanguard Target Retirement 2015 Inv VTXVX Vanguard Target Retirement 2020 Inv VTWNX Vanguard Target Retirement 2025 Inv VTTVX Vanguard Target Retirement 2030 Inv VTHRX Vanguard Target Retirement 2035 Inv VTTHX Vanguard Target Retirement 2040 Inv VFORX Vanguard Target Retirement 2045 Inv VTIVX Vanguard Target Retirement 2050 Inv VFIFX Vanguard Target Retirement Income Inv VTINX Vanguard Tax-Managed Balanced Adm VTMFX Vanguard Wellesley Income Inv VWINX Vanguard Wellington Inv VWELX MA MA AA MA MA LO CA MA AA CA TA TA TD TE TG TH TI TJ TK TL TL TA TA TD TE TG TH TI TJ TK TL RI CA CA MA Mid Growth Ì Ì Ì Ì Ì Ê Î Î Í Î Î Í Ï Ï Ï È Ç É È È È É É É É È È É É É É É É É É É È È È È È È È È È È È È Ç Ç — ÙÙÙ Z Z X C Z Z ÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙÙÙÙ — ÙÙÙ 5.7 5.8 9.2 8.9 9.0 7.5 3.8 4.0 -8.1 10.5 3.1 5.6 7.7 12.9 7.8 5.2 6.2 5.1 5.6 5.0 2.6 3.2 4.1 5.8 4.3 4.4 4.6 4.9 5.0 5.1 5.3 5.5 5.4 5.3 5.4 5.4 4.1 4.4 4.5 4.7 4.8 5.1 5.3 5.3 5.3 5.3 3.9 5.2 5.1 5.1 33.4 11.6 34.2 9.0 34.3 13.7 41.6 8.1 46.0 5.2 32.3 7.8 27.2 7.3 22.7 12.9 26.3 7.5 49.5 9.9 27.1 11.3 32.7 0.0 36.9 8.2 47.9 15.2 43.4 14.0 22.5 23.2 24.8 24.2 19.9 11.9 11.1 16.8 29.5 18.2 18.0 20.4 23.1 25.4 27.3 29.1 30.4 30.6 30.4 30.4 30.3 13.6 17.4 20.0 22.1 24.3 26.5 28.7 28.9 29.0 28.9 12.3 16.9 14.3 20.6 5.3 5.0 7.0 4.5 5.2 0.3 6.9 6.2 4.9 6.7 6.0 5.7 5.6 5.4 5.1 4.9 4.8 4.9 4.8 4.8 4.8 5.0 5.1 5.0 4.7 4.4 4.0 4.0 4.1 4.0 4.0 5.6 5.4 8.4 5.4 7.0 5.5 8.3 9.0 6.1 7.2 4.0 8.3 -1.5 1.6 7.7 1.6 4.7 13.0 7.2 4.5 4.2 5.6 2.4 6.4 2.4 6.2 5.4 4.7 6.1 5.6 5.3 5.3 5.0 4.8 4.7 4.5 4.6 4.6 — — 5.5 5.3 5.1 4.8 4.5 4.2 4.1 4.1 4.1 4.1 5.9 4.9 7.0 5.9 — 8.5 — 11.6 4.1 — 9.4 8.4 9.7 7.0 10.8 6.5 7.8 6.6 7.1 5.3 6.3 6.9 5.8 9.7 3.1 5.8 5.8 5.8 6.3 — — — — — — — — — — — — — — — — — — — — — — 4.4 6.5 6.4 0.0 0.3 0.0 0.0 0.0 1.3 0.0 0.3 0.0 0.0 0.3 1.0 0.8 0.0 0.0 2.0 4.3 1.5 2.1 1.1 1.6 1.7 1.4 1.5 2.5 2.4 2.2 1.8 1.7 1.5 1.3 1.2 1.2 1.1 1.2 1.2 2.4 2.2 2.1 1.9 1.9 1.7 1.7 1.6 1.7 1.6 2.5 2.5 3.6 2.7 24.6 24.8 25.0 25.1 27.1 21.4 23.1 21.7 36.2 29.5 19.6 25.7 26.9 24.2 23.8 14.6 15.3 17.8 19.6 13.5 10.6 6.4 11.7 21.4 12.5 12.9 15.1 17.1 18.9 20.4 21.5 22.3 22.4 22.4 22.4 22.4 10.3 12.7 14.4 16.0 17.7 19.3 20.5 20.5 20.6 20.5 8.6 11.0 9.3 14.5 -37.3 -37.0 -33.4 -33.7 -39.9 -29.5 -29.7 -24.0 -41.7 -42.8 -23.5 -38.8 -34.1 -33.2 -34.5 -21.1 -23.2 -27.9 -29.2 -22.7 -16.9 -6.4 -16.8 -33.0 -19.4 -19.9 -23.6 -26.7 -29.4 -31.5 -33.1 -34.0 -34.0 -34.1 -34.0 -34.0 -15.6 -18.8 -21.0 -23.3 -25.6 -27.8 -29.3 -29.2 -29.2 -29.2 -12.6 -16.8 -10.1 -20.3 1.02 0.95 0.71 1.12 1.18 1.20 1.37 1.08 1.15 1.35 1.16 1.14 0.18 1.19 1.27 0.63 0.61 1.09 0.53 1.13 0.94 0.90 1.09 0.73 0.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.15 0.28 0.30 52 32 87 72 89 141 68 99 73 136 75 66 602 49 97 716 1,514 109 333 116 258 740 670 1,241 1,326 17 19 19 19 19 18 18 18 18 18 18 6 6 5 4 4 4 4 4 4 4 6 1,177 710 761 21 3 15 10 90 21 35 59 83 196 21 9 46 7 17 37 35 55 12 20 7 42 56 44 44 18 20 15 14 11 9 7 7 9 8 11 21 19 19 14 11 9 6 7 6 10 12 23 30 35 786 286 1,164 7,646 953 7,896 879 3,485 87 129 2,539 1,003 2,165 1,406 1,629 52,769 72,139 2,379 14,726 6,620 5,434 1,058 1,135 1,193 1,003 1,225 5,852 6,411 13,795 7,084 11,140 4,670 7,298 2,375 1,334 300 2,255 5,061 14,686 12,053 16,806 9,174 11,711 5,610 6,472 2,348 4,644 775 22,859 57,542 12/01 09/58 11/04 12/91 10/96 06/02 12/00 10/87 09/98 10/99 05/98 04/97 03/99 07/92 12/86 01/33 12/70 09/88 06/31 06/93 12/77 11/95 09/93 07/94 07/94 02/04 09/02 02/04 09/02 02/04 09/02 02/04 09/02 05/05 12/06 12/06 10/03 06/06 10/03 06/06 10/03 06/06 10/03 06/06 10/03 06/06 10/03 09/94 07/70 07/29 Sm Value — Ù — ÙÙÙ X X ÙÙÙÙÙ ÙÙÙ Sm Blend — ÙÙ — ÙÙÙÙ — ÙÙÙÙ Z Z Z C ÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙÙ Allocation Sm Gr — ÙÙÙÙÙ — ÙÙÙ — ÙÙÙÙÙ — ÙÙÙÙÙ Z Z X X Z X X X X X X X X X X X X X X X X X X X X Z Z ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙÙÙ MorningstarAdvisor.com 71 http://www.MorningstarAdvisor.com

Table of Contents for the Digital Edition of Morningstar Advisor - August/September 2011

Morningstar Advisor - August/September 2011
Contents
Contributors
Letter From the Editor
Simplicity and Design Matter
Do You Use ETFs Strategically or Tactically?
The Institutional Way
How to Analyze an ETF
Eyeing ETFs’ Next Chapter
Small-Cap/Large-Cap Flip-Flop?
Four Picks for the Present
Investment Briefs
Morningstar Investment Conference
Pitfalls of Peer Groups
A REIT Recovery, With a Catch
Turning Fund Distribution on Its Head
Here Come ETF Managed Portfolios
Circle These Picks Amid the Crop of New ETFs
ETF Analyst Favorites
Beware, the Accidental Portfolio Manager
It’s the Destination, Not the Vehicle
New Growth, Rooted in Experience
Better Ways to Look at ETFs
How to Better Manage Your Clients’ Future(s)
More Bargain Than Bubble
Cheap, Local, and On a Roll
Mutual Fund Analyst Picks
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
First-Quarter Assets Hit an All-Time High
You Say You Want a Revolution?

Morningstar Advisor - August/September 2011