Morningstar Advisor - Summer 2007 - (Page 31) Analyze the Share Class: Show Your Work You’ve collected all the information you need; next comes the analysis. By linking to a mutual-fund database such as Morningstar’s, all fund-specific information is available for quick review and comparison. Most important are the expected customer fees and available breakpoint schedule. An illustrative way to evaluate the information is by looking at an expense graph for each of the share classes. This type of graph can show when the benefit of choosing one share class over another shifts. Keep in mind, loads are only part of the equation in evaluating the appropriateness of share classes. Each chare class has its own fee structure in addition to the sales charges. The devil is in the details, and it is critical to use actual fund information to evaluate share classes, not just rules of thumb. Morningstar Advisor Suitability Manager automatically does a lot of this analysis for you. Based on all the information you collected about your client, the tool will select the most appropriate share class. It then allows you to print a cover page and report that details: Fees the client pays Breakpoints checklist Hypothetical analysis of share class Historical analysis of share class Fund’s Morningstar Investment Detail page for each share class Disclosures Client agreement form Cover all your bases by illustrating share class expense graphs on screen and in printed reports. This report provides excellent client communication and recordkeeping all in one package. You may choose to print the report and have your client sign it, or simply save your analysis just for your files. Should the SEC or NASD come a knocking, you’ll be prepared. K MorningstarAdvisor.com 31 http://www.morningstaradvisor.com
Table of Contents Feed for the Digital Edition of Morningstar Advisor - Summer 2007 Morningstar Advisor - Summer 2007 Contents Letter from the Publisher Get to Know the Bond “All-Stars” Research Briefs Our Stewardship Test Gets Tougher Save It for Later Too Many Oranges Best of Both Worlds No Two Clients Are Alike When It Comes to VAs, It’s Seller Beware Hands On: Finding the Suitable Fund Share Class for Your Client Fund Style Can Drift Off Course Sticking to Their Style, Through Thick and Thin Marathon Man Growth, With a Chaser A Menu of Ideas to Fill Five Market Baskets Funds: Finding Funds with Conviction Stocks: So You Say You Want Income? All Eyes on China Mutual Fund Analyst Picks Undervalued Stocks Most Popular Variable Annuities What’s New at Morningstar and on the Web The Advisor’s Economic Moat Morningstar Advisor - Summer 2007 Morningstar Advisor - Summer 2007 - Morningstar Advisor - Summer 2007 (Page Cover1) Morningstar Advisor - Summer 2007 - Morningstar Advisor - Summer 2007 (Page Cover2) Morningstar Advisor - Summer 2007 - Contents (Page 1) Morningstar Advisor - Summer 2007 - Contents (Page 2) Morningstar Advisor - Summer 2007 - Contents (Page 3) Morningstar Advisor - Summer 2007 - Contents (Page 4) Morningstar Advisor - Summer 2007 - Letter from the Publisher (Page 5) Morningstar Advisor - Summer 2007 - Letter from the Publisher (Page 6) Morningstar Advisor - Summer 2007 - Letter from the Publisher (Page 7) Morningstar Advisor - Summer 2007 - Get to Know the Bond “All-Stars” (Page 8) Morningstar Advisor - Summer 2007 - Get to Know the Bond “All-Stars” (Page 9) Morningstar Advisor - Summer 2007 - Research Briefs (Page 10) Morningstar Advisor - Summer 2007 - Research Briefs (Page 11) Morningstar Advisor - Summer 2007 - Our Stewardship Test Gets Tougher (Page 12) Morningstar Advisor - Summer 2007 - Our Stewardship Test Gets Tougher (Page 13) Morningstar Advisor - Summer 2007 - Save It for Later (Page 14) Morningstar Advisor - Summer 2007 - Save It for Later (Page 15) Morningstar Advisor - Summer 2007 - Too Many Oranges (Page 16) Morningstar Advisor - Summer 2007 - Too Many Oranges (Page 17) Morningstar Advisor - Summer 2007 - Best of Both Worlds (Page 18) Morningstar Advisor - Summer 2007 - Best of Both Worlds (Page 19) Morningstar Advisor - Summer 2007 - Best of Both Worlds (Page 20) Morningstar Advisor - Summer 2007 - No Two Clients Are Alike (Page 21) Morningstar Advisor - Summer 2007 - When It Comes to VAs, It’s Seller Beware (Page 22) Morningstar Advisor - Summer 2007 - When It Comes to VAs, It’s Seller Beware (Page 23) Morningstar Advisor - Summer 2007 - When It Comes to VAs, It’s Seller Beware (Page 24) Morningstar Advisor - Summer 2007 - When It Comes to VAs, It’s Seller Beware (Page 25) Morningstar Advisor - Summer 2007 - When It Comes to VAs, It’s Seller Beware (Page 26) Morningstar Advisor - Summer 2007 - When It Comes to VAs, It’s Seller Beware (Page 27) Morningstar Advisor - Summer 2007 - When It Comes to VAs, It’s Seller Beware (Page 28) Morningstar Advisor - Summer 2007 - Hands On: Finding the Suitable Fund Share Class for Your Client (Page 29) Morningstar Advisor - Summer 2007 - Hands On: Finding the Suitable Fund Share Class for Your Client (Page 30) Morningstar Advisor - Summer 2007 - Hands On: Finding the Suitable Fund Share Class for Your Client (Page 31) Morningstar Advisor - Summer 2007 - Hands On: Finding the Suitable Fund Share Class for Your Client (Page 32) Morningstar Advisor - Summer 2007 - Hands On: Finding the Suitable Fund Share Class for Your Client (Page 33) Morningstar Advisor - Summer 2007 - Fund Style Can Drift Off Course (Page 34) Morningstar Advisor - Summer 2007 - Fund Style Can Drift Off Course (Page 35) Morningstar Advisor - Summer 2007 - Fund Style Can Drift Off Course (Page 36) Morningstar Advisor - Summer 2007 - Sticking to Their Style, Through Thick and Thin (Page 37) Morningstar Advisor - Summer 2007 - Sticking to Their Style, Through Thick and Thin (Page 38) Morningstar Advisor - Summer 2007 - Sticking to Their Style, Through Thick and Thin (Page 39) Morningstar Advisor - Summer 2007 - Sticking to Their Style, Through Thick and Thin (Page 40) Morningstar Advisor - Summer 2007 - Sticking to Their Style, Through Thick and Thin (Page 41) Morningstar Advisor - Summer 2007 - Sticking to Their Style, Through Thick and Thin (Page 42) Morningstar Advisor - Summer 2007 - Marathon Man (Page 43) Morningstar Advisor - Summer 2007 - Marathon Man (Page 44) Morningstar Advisor - Summer 2007 - Marathon Man (Page 45) Morningstar Advisor - Summer 2007 - Marathon Man (Page 46) Morningstar Advisor - Summer 2007 - Marathon Man (Page 47) Morningstar Advisor - Summer 2007 - Growth, With a Chaser (Page 48) Morningstar Advisor - Summer 2007 - Growth, With a Chaser (Page 49) Morningstar Advisor - Summer 2007 - Growth, With a Chaser (Page 50) Morningstar Advisor - Summer 2007 - Growth, With a Chaser (Page 51) Morningstar Advisor - Summer 2007 - A Menu of Ideas to Fill Five Market Baskets (Page 52) Morningstar Advisor - Summer 2007 - A Menu of Ideas to Fill Five Market Baskets (Page 53) Morningstar Advisor - Summer 2007 - A Menu of Ideas to Fill Five Market Baskets (Page 54) Morningstar Advisor - Summer 2007 - A Menu of Ideas to Fill Five Market Baskets (Page 55) Morningstar Advisor - Summer 2007 - A Menu of Ideas to Fill Five Market Baskets (Page 56) Morningstar Advisor - Summer 2007 - A Menu of Ideas to Fill Five Market Baskets (Page 57) Morningstar Advisor - Summer 2007 - Funds: Finding Funds with Conviction (Page 58) Morningstar Advisor - Summer 2007 - Funds: Finding Funds with Conviction (Page 59) Morningstar Advisor - Summer 2007 - Stocks: So You Say You Want Income? (Page 60) Morningstar Advisor - Summer 2007 - Stocks: So You Say You Want Income? (Page 61) Morningstar Advisor - Summer 2007 - Stocks: So You Say You Want Income? (Page 62) Morningstar Advisor - Summer 2007 - All Eyes on China (Page 63) Morningstar Advisor - Summer 2007 - All Eyes on China (Page 64) Morningstar Advisor - Summer 2007 - All Eyes on China (Page 65) Morningstar Advisor - Summer 2007 - All Eyes on China (Page 66) Morningstar Advisor - Summer 2007 - All Eyes on China (Page 67) Morningstar Advisor - Summer 2007 - Mutual Fund Analyst Picks (Page 68) Morningstar Advisor - Summer 2007 - Mutual Fund Analyst Picks (Page 69) Morningstar Advisor - Summer 2007 - Mutual Fund Analyst Picks (Page 70) Morningstar Advisor - Summer 2007 - Mutual Fund Analyst Picks (Page 71) Morningstar Advisor - Summer 2007 - Undervalued Stocks (Page 72) Morningstar Advisor - Summer 2007 - Undervalued Stocks (Page 73) Morningstar Advisor - Summer 2007 - Most Popular Variable Annuities (Page 74) Morningstar Advisor - Summer 2007 - Most Popular Variable Annuities (Page 75) Morningstar Advisor - Summer 2007 - What’s New at Morningstar and on the Web (Page 76) Morningstar Advisor - Summer 2007 - What’s New at Morningstar and on the Web (Page 77) Morningstar Advisor - Summer 2007 - What’s New at Morningstar and on the Web (Page 78) Morningstar Advisor - Summer 2007 - What’s New at Morningstar and on the Web (Page 79) Morningstar Advisor - Summer 2007 - The Advisor’s Economic Moat (Page 80) Morningstar Advisor - Summer 2007 - The Advisor’s Economic Moat (Page Cover3) Morningstar Advisor - Summer 2007 - The Advisor’s Economic Moat (Page Cover4)
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