Morningstar Advisor - Fall 2008 - (Page 53)

©2008 Morningstar Investment Services, Inc. All rights reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. Schwab Institutional is a registered trademark of Charles Schwab & Co., Inc. (“Schwab”). Schwab is not affiliated with Morningstar Investment Services, Inc. The inclusion of Morningstar Managed Portfolios on the Schwab Institutional platform should not be considered an endorsement or recommendation by Schwab. Morningstar Managed Portfolios is offered by Morningstar Investment Services, Inc., a registered investment advisor and wholly owned subsidiary of Morningstar, Inc., and is intended for citizens or legal residents of the United States or its territories. This program can only be offered by a registered investment advisor or investment advisor representative. All the Advantages of ETFs Active Management Exchange-Traded Fund Portfolios Managed by Morningstar Investment Services The Best of Both Worlds As an advisor, you already know the inherent advantages associated with ETFs—controlled expenses, tax efficiency, and more-precise management of the asset allocation of the overall portfolios. each managed portfolio, a “core” position of exposure to broad asset classes is maintained. Then, the team applies the proprietary Morningstar research of more than 100 equity analysts to the underlying holdings of each fund in the ETF universe. A Unique Approach By identifying the ETFs that are trading at the most attractive prices—relative to the overall fair value of the stocks held in each portfolio—the Managed Portfolios team is able to identify the best investment opportunities. It’s an approach that we believe provides the best of both worlds for investors—a safety net for the relative performance of each portfolio, as well as the opportunity for outperformance. Get Started Today Our ETF portfolios are now available on the Schwab Institutional platform, among other custodial platforms. Morningstar® Managed PortfoliosSM now offers advisors the option of exchange-traded fund portfolios that combine all the benefits of ETFs with those of active portfolio management. Core and Explore The Managed Portfolios team uses a unique “core and explore” approach to control risk while seeking to add alpha. Within To learn more about how your practice and your clients can benefit from Morningstar Managed Portfolios, please visit us online: global.morningstar.com/ManagedPortfolios Or call us toll-free at 1-866-383-5085. http://global.morningstar.com/ManagedPortfolios http://global.morningstar.com/ManagedPortfolios

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Morningstar Advisor - Fall 2008 Contents New on MorningstarAdvisor.com Letter from the Editor Contributors Inbox Are You Preparing for Higher Taxes? State of Financials Oracles of Alabama Investment Briefs Managers’ Investment Secrets Revealed Conformity Becomes a Growing Concern at American Gimme Shelter Location, Location, Location Rooted in Buffett, Going for Growth Keeping Little Company Away from the Numbers Consumer Confidence What about Natural Gas? TIPS to Beat Back Inflation Investing in Hidden Assets Funds That Have an Edge Come Tax Time Mutual Fund Analyst Picks 50 Most Popular Equity ETFs Undervalued Stocks Most Popular Variable Annuities New at Morningstar One for You, 19 for Me

Morningstar Advisor - Fall 2008

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