Morningstar Advisor - June/July 2013 - (Page 77)

Valuation Rating Market Price Fair Value Annualized Total Return % Yield % Std Dev 3 Yr % Worst 3-Mo Ret % Avg Market Cap ($Mil) # of Holdings % Asset in top 10 Exp Ratio Turnover % Net Assets ($Mil) Incep Date 1Yr 3Yr Fairly Valued — — Fairly Valued — 163.5 43.8 43.3 164.4 61.9 163.7 — — 164.6 — 12.7 -1.3 -1.2 12.7 10.6 16.7 4.7 3.1 16.8 19.3 12.7 3.4 2.3 12.7 7.4 2.0 2.4 1.7 1.9 2.8 15.0 21.5 21.5 15.0 19.4 -29.6 -44.2 -42.8 -29.6 -35.2 58,893 19,355 19,183 58,852 35,042 501 1,037 847 503 929 18.2 12.1 16.0 18.1 13.3 0.09 0.18 0.68 0.09 0.34 4 8 15 5 5 140,734 58,509 45,338 43,498 43,363 01/93 03/05 04/03 05/00 08/01 Fairly Valued Fairly Valued — — Fairly Valued 73.1 84.3 94.1 75.3 74.9 76.9 84.1 — — 73.4 8.8 12.9 12.0 15.3 11.8 7.3 17.1 17.8 19.1 12.4 14.0 12.9 11.2 17.1 13.2 1.2 2.0 1.8 3.2 1.5 16.8 15.7 19.9 17.0 15.4 -38.6 -31.1 -35.6 -47.3 -32.9 71,634 32,637 1,215 8,430 47,556 101 3,250 1,957 124 577 49.7 15.0 3.1 42.5 24.1 0.20 0.05 0.20 0.10 0.20 9 3 21 9 19 34,717 30,922 20,791 20,656 19,626 03/99 05/01 05/00 09/04 05/00 Fairly Valued — Fairly Valued — Fairly Valued 84.2 115.8 68.1 38.3 19.3 85.4 — 65.9 — 19.4 13.9 14.1 12.7 9.9 14.4 21.5 18.7 17.2 19.6 23.5 12.1 13.6 12.7 7.7 6.6 2.1 1.3 2.1 3.1 1.6 15.6 17.8 12.9 19.9 20.6 -28.8 -36.5 -21.9 -34.4 -39.8 41,981 4,086 47,884 32,811 52,512 699 402 149 869 83 26.6 7.8 39.4 13.3 50.1 0.20 0.20 0.10 0.10 0.18 21 14 15 7 8 17,927 16,337 15,965 13,932 12,861 05/00 05/00 04/06 07/07 12/98 Overvalued Fairly Valued — Fairly Valued — 65.6 150.9 211.0 68.6 11.7 62.0 149.9 — 66.0 — 15.3 14.0 14.0 16.4 21.1 19.8 15.2 18.5 22.6 21.3 15.5 13.3 13.4 13.9 5.7 3.3 2.3 1.1 2.8 1.6 11.5 13.5 17.8 12.5 15.4 -30.1 -22.8 -36.6 -25.5 -27.4 12,540 126,676 4,117 18,406 19,109 103 31 400 85 315 20.7 54.8 7.7 20.4 23.8 0.40 0.17 0.25 0.35 0.53 16 6 14 94 3 12,595 12,465 12,408 12,225 11,511 11/03 01/98 05/95 11/05 03/96 Fairly Valued Fairly Valued — Fairly Valued — 81.2 31.5 86.9 68.2 48.1 80.4 32.2 — 68.7 — 10.9 6.9 11.5 14.7 6.1 13.0 5.1 17.3 20.5 14.6 13.3 11.3 12.8 12.2 6.3 1.4 1.7 1.5 2.5 3.1 16.0 16.0 18.6 15.0 19.7 -33.3 -38.2 -34.3 -27.2 -37.1 45,355 97,756 1,258 50,596 26,972 417 78 602 417 2,336 22.9 62.7 5.4 28.8 9.0 0.10 0.18 0.20 0.10 0.15 21 5 18 22 6 10,497 10,465 10,345 9,899 9,863 01/04 12/98 05/00 01/04 03/07 Fairly Valued — Fairly Valued Fairly Valued Fairly Valued 74.9 47.6 132.4 91.0 80.3 74.9 — 127.8 90.8 88.0 12.7 30.5 14.3 12.9 10.2 16.9 39.8 19.0 17.0 12.1 — 6.0 13.5 12.8 11.2 2.0 1.2 1.6 1.9 1.8 — 18.5 17.1 15.3 23.4 -13.9 -24.0 -38.7 -30.9 -32.1 58,058 17,103 8,489 44,561 58,554 508 264 799 996 44 18.4 35.6 4.7 16.0 60.2 0.05 0.48 0.20 0.15 0.18 3 41 13 6 5 9,480 9,062 7,786 7,734 7,598 09/10 06/06 07/01 05/00 12/98 Fairly Valued — Fairly Valued — Overvalued 86.5 55.2 48.6 37.7 41.2 85.6 — 48.8 — 37.5 11.5 0.4 19.0 -5.6 18.0 13.7 -5.9 28.7 0.8 23.5 13.4 -5.8 17.6 -1.6 17.4 1.7 2.8 1.7 2.5 2.6 14.5 27.1 12.2 23.1 10.2 -29.1 -53.4 -23.0 -44.9 -17.5 64,984 13,145 59,640 83,874 68,677 294 86 54 27 43 24.8 — 57.3 61.3 64.7 0.18 0.61 0.18 0.74 0.18 23 7 5 21 12 7,504 7,405 7,203 6,804 6,758 05/00 07/00 12/98 10/04 12/98 — Fairly Valued Fairly Valued Fairly Valued Fairly Valued 91.4 17.8 39.6 76.6 57.0 — 18.2 37.7 77.6 56.9 13.0 13.0 19.6 13.9 15.2 19.4 12.6 20.8 20.1 20.3 12.8 — 15.4 11.9 15.4 1.6 5.7 3.5 2.1 2.9 19.5 — 10.0 15.9 12.8 -37.0 -6.4 -22.8 -30.1 -24.7 2,294 10,863 20,575 52,967 69,067 1,443 26 32 358 397 2.7 64.6 57.4 26.0 34.7 0.10 0.85 0.18 0.18 0.10 14 12 4 22 11 6,305 6,221 6,067 6,018 5,995 01/04 08/10 12/98 05/00 11/06 — — — Fairly Valued — 46.4 51.4 73.5 29.0 56.0 — — — 34.8 — 22.5 6.5 14.4 -34.5 -0.8 20.6 18.3 19.4 -33.9 1.2 19.6 7.7 15.8 -15.1 5.7 4.5 3.3 3.3 1.5 3.3 15.5 22.6 16.1 28.7 19.1 -9.3 -37.0 -47.3 -52.0 -35.9 — 41,090 10,780 8,128 16,346 — 506 93 32 236 — 20.2 39.5 64.1 32.0 0.85 0.12 0.47 0.52 0.63 0 7 14 5 37 5,896 5,826 5,727 5,699 5,690 04/09 03/05 06/00 05/06 07/07 — — Fairly Valued Fairly Valued Fairly Valued 54.3 83.8 56.8 97.0 32.0 — — 54.1 91.1 29.4 2.6 11.5 15.4 14.8 17.4 6.0 19.6 21.5 18.2 22.7 9.3 9.4 18.0 13.4 — 1.8 2.3 1.4 1.2 2.6 22.4 19.4 16.6 17.3 — -51.4 -32.5 -32.5 -38.3 -4.4 15,291 1,049 36,891 8,680 24,537 52 1,409 83 368 100 58.2 4.6 46.9 5.9 13.2 0.54 0.25 0.18 0.10 0.25 19 32 5 17 17 5,458 5,306 5,213 5,134 5,119 08/07 07/00 12/98 01/04 05/11 YTD MorningstarAdvisor.com 77 http://www.MorningstarAdvisor.com

Table of Contents for the Digital Edition of Morningstar Advisor - June/July 2013

Morningstar Advisor - June/July 2013
Contents
Contributors
Letter From the Editor
Not Your Values
How Do You Use Alternatives for Clients?
Working to Build a Niche
How to Put Buffett’s Investing Philosophy into Practice
Sophisticated Strategies for the Masses
Investments á la Carte
Investment Briefs
The Percentile Trap
Defense Firms Will Stay Aloft
Beware the Lure of Diversification
Using Alternatives in Practice
Managed Futures and Cash Rates
The World Is Getting Grayer
Waiting to Pull Up Anchor
The Price of Managing Volatility
Let’s Get Back to Basics
Our Favorite Mutual Funds
50 Most-Popular Equity ETFs
Undervalued Stocks With Wide Moats
Mutual Fund Urban Myths

Morningstar Advisor - June/July 2013