Morningstar Advisor - Spring 2008 - (Page 68) Investments á la Carte Sleep Like a Baby Fourteen fundamentally sound picks that the sandman would love. MF S E SA Analysts Karen Dolan, CFA, Mutual Funds Justin Fuller, Stocks Jeffrey Ptak, CPA, CFA, ETFs Michael Breen, Separate Accounts Income Cohen & Steers Realty Income SA Even if real estate firms lower their dividends, this offering will still throw off plenty of income. Pfizer’s loaded pipeline means that the firm always has a new wave of blockbusters around the corner. If you want to guard against inflation, this fund’s for you; it offers straightforward exposure at a low cost. Medtronic’s ability to innovate and get to market before its rivals should provide plenty of comfort to investors. Health care has long been a realm of wide-moat, blue-chip firms, and this ETF lets you get into the sector on the cheap. This team and its contrarian strategy have a strong track record, so we’re not too worried about short-term stumbles. This is a replica of GAMCO Westwood Equity, but lower fees should help this fund provide even better returns. Location is the cornerstone of Walgreen’s success; right now its locations are the best in the business. There’s an element of risk here, but the portfolio is trading at a big discount to our fair value estimates. A multifaceted business model helps Boeing fly above the cyclical nature of aircraft manufacturing. This offering is truly a hidden gem, offering low volatility and great returns over the long haul. This fund just reopened to new investors, which means that the managers are still finding solid investments. It definitely stands out from the crowd, and the manager’s emphasis on absolute returns has paid off. The managers take an approach that focuses on REITs trading at what they see as a discount to future cash flows. Pfizer PFE S Vanguard Inflation-Protected Secs VIPSX MF Growth Medtronic MDT S Health Care Select SPDR XLV E Primecap Odyssey Aggressive Growth POAGX MF Value WHG LargeCap Value Instl WHGLX MF Walgreen WAG S Diamonds Trust DIA E International Boeing BA S Manning & Napier Non-U.S. Equity SA Causeway International Value Inv CIVVX MF Non-Market Correlated Janus Contrarian JSVAX MF Davis Real Estate SA 68 Morningstar Advisor Spring 2008
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