Morningstar Advisor - August/September 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
—
Fairly Valued
160.4
38.8
160.9
57.3
71.3
167.1
—
167.9
—
77.6
13.8
-10.8
13.8
4.1
10.0
20.4
1.5
20.5
18.6
12.6
18.3
3.3
18.3
9.9
19.8
2.1
4.0
2.0
3.1
1.3
13.5
21.2
13.5
18.3
15.6
-29.6
-44.2
-29.6
-35.2
-38.6
59,035
19,355
59,128
32,549
69,144
502
1,037
504
933
101
18.1
12.1
18.1
13.5
49.4
0.09
0.18
0.08
0.34
0.20
4
8
4
5
9
149,653
49,715
43,807
41,978
36,301
01/93
03/05
05/00
08/01
03/99
—
Fairly Valued
—
Fairly Valued
Fairly Valued
38.5
82.7
97.0
72.7
83.8
—
86.2
—
75.1
87.3
-10.0
14.1
15.9
11.7
15.7
2.1
21.4
24.3
16.8
25.0
2.8
18.7
18.7
18.4
18.3
2.0
2.0
1.4
1.2
1.6
21.1
14.2
18.6
14.1
14.0
-42.8
-31.1
-35.6
-32.9
-28.8
17,761
32,637
1,160
41,978
46,263
844
3,250
1,985
611
649
16.1
15.0
2.4
21.6
27.3
0.68
0.05
0.20
0.20
0.20
15
3
19
17
16
34,992
32,707
25,130
19,865
18,856
04/03
05/01
05/00
05/00
05/00
—
—
Fairly Valued
Fairly Valued
—
68.7
115.5
66.2
19.4
35.6
—
—
68.0
20.0
—
6.3
14.5
12.3
19.4
3.5
9.0
25.1
19.5
35.1
18.4
18.2
19.3
17.1
13.9
10.5
3.6
1.5
2.2
1.6
4.9
16.7
16.6
11.6
19.6
18.8
-47.3
-36.5
-21.9
-39.8
-34.4
8,430
4,027
47,884
55,878
32,811
124
403
149
82
869
42.5
7.3
39.4
50.8
13.3
0.10
0.17
0.10
0.18
0.10
9
9
15
8
7
18,483
17,003
16,659
16,062
14,025
09/04
05/00
04/06
12/98
07/07
—
Fairly Valued
Overvalued
Fairly Valued
—
210.1
148.6
64.0
66.3
11.2
—
154.0
62.9
67.0
—
14.4
15.1
13.7
15.6
16.2
24.8
18.7
18.1
22.9
21.4
19.1
18.0
18.9
17.5
8.0
1.2
2.3
3.4
2.8
1.3
16.6
12.2
10.2
11.4
15.0
-36.6
-22.8
-30.1
-25.5
-27.4
4,109
130,784
12,827
18,274
18,551
400
31
103
85
316
7.4
54.0
21.3
19.7
23.7
0.25
0.17
0.40
0.35
0.53
14
6
13
94
3
13,773
13,278
12,575
12,473
11,867
05/95
01/98
11/03
11/05
03/96
Fairly Valued
—
Fairly Valued
—
Fairly Valued
30.6
90.3
67.6
45.6
78.2
32.7
—
70.6
—
81.5
6.7
16.3
16.5
25.7
10.6
8.4
25.2
24.4
40.0
16.9
16.3
20.2
18.0
9.9
18.8
1.9
1.4
2.4
1.1
1.5
14.9
17.3
13.6
17.3
14.5
-38.2
-34.3
-27.2
-24.0
-33.3
95,866
1,295
50,596
16,753
45,355
77
602
417
315
417
62.2
5.3
28.8
37.6
22.9
0.18
0.17
0.10
0.48
0.10
5
12
22
36
21
11,346
11,317
11,077
11,067
10,941
12/98
05/00
01/04
06/06
01/04
Fairly Valued
—
Fairly Valued
Fairly Valued
Fairly Valued
73.3
44.2
78.3
129.9
89.9
76.6
—
87.9
130.2
92.9
13.8
-0.8
10.8
15.3
13.8
20.6
13.5
20.3
25.2
21.1
—
8.4
18.4
19.3
18.5
2.1
4.7
1.8
1.3
1.5
—
18.8
21.9
15.7
13.9
-13.9
-37.1
-32.1
-38.7
-30.9
58,058
26,972
58,575
8,332
44,122
508
2,336
44
810
1,008
18.4
9.0
60.5
4.1
15.8
0.05
0.15
0.18
0.20
0.15
3
6
5
13
5
10,401
9,386
8,652
8,073
8,004
09/10
03/07
12/98
07/01
05/00
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
—
84.0
56.4
47.6
39.7
93.7
87.5
55.8
50.2
39.8
—
11.9
19.7
20.2
15.0
16.0
16.5
31.1
27.5
17.6
25.7
18.7
26.6
21.5
19.3
20.0
1.7
1.4
1.7
2.8
1.6
13.1
14.3
11.2
9.5
18.1
-29.1
-32.5
-23.0
-17.5
-37.0
64,929
38,321
58,627
67,741
2,294
298
84
55
41
1,443
24.6
46.1
56.7
65.4
2.7
0.18
0.18
0.18
0.18
0.10
28
5
5
12
14
7,603
7,061
7,048
6,916
6,868
05/00
12/98
12/98
12/98
01/04
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
—
17.9
56.4
75.8
24.5
48.1
18.3
58.3
79.3
32.0
—
15.2
16.1
15.6
-47.1
2.0
18.8
21.1
24.8
-44.7
19.5
—
20.6
17.9
-21.7
11.3
5.8
3.0
2.2
1.9
5.5
—
11.1
14.5
29.9
21.4
-6.4
-24.7
-30.1
-52.0
-37.0
10,861
69,067
53,624
6,549
41,090
26
397
358
31
506
64.7
34.7
26.0
65.6
20.2
0.85
0.10
0.18
0.52
0.12
12
11
35
5
7
6,711
6,482
6,354
6,006
5,923
08/10
11/06
05/00
05/06
03/05
—
—
Fairly Valued
Fairly Valued
—
46.6
43.9
42.6
37.6
85.9
—
—
43.4
37.7
—
23.5
-18.4
13.6
9.8
14.3
27.2
-12.2
22.5
6.1
24.6
20.0
-7.5
18.3
14.6
17.2
4.6
3.1
2.2
3.9
1.7
15.0
27.4
17.5
10.9
17.7
-9.3
-53.4
-33.8
-22.8
-32.5
—
10,774
39,030
18,787
1,019
—
84
63
32
1,359
—
—
49.2
57.5
4.1
0.85
0.61
0.18
0.18
0.25
0
7
8
4
29
5,877
5,788
5,756
5,626
5,577
04/09
07/00
12/98
12/98
07/00
—
Overvalued
—
Fairly Valued
—
111.5
95.1
32.5
57.9
51.2
—
93.0
—
58.9
—
17.5
15.6
-14.9
16.0
-3.2
23.9
25.0
1.9
27.4
5.1
20.0
19.0
-3.9
19.3
13.2
1.1
1.2
2.8
1.4
1.9
19.6
16.1
23.4
15.2
21.2
-38.9
-38.3
-44.9
-36.7
-51.4
1,318
8,680
72,784
7,700
15,214
1,131
368
27
521
49
4.7
5.9
61.0
7.7
59.2
0.25
0.10
0.74
0.25
0.54
32
17
21
23
19
5,508
5,436
5,110
5,096
5,057
07/00
01/04
10/04
07/01
08/07
YTD
MorningstarAdvisor.com 77
http://www.MorningstarAdvisor.com
Table of Contents for the Digital Edition of Morningstar Advisor - August/September 2013
Morningstar Advisor - August/September 2013
Contents
Contributors
Letter From the Editor
Under Pressure
Has Your View of Bonds Recently Changed?
The Simple Life Cuts a Path to Prosperity
How Extended Is Your Bond Fund?
A Bond Contrarian Scours the Globe for Value
Investments á la Carte
Investment Briefs
Bond Market Behemoths
Shopping in the Digital Age
Shopping in the Digital Age
Diverse Crowd
Motor City Meltdown
Bond Convergence
Corporates Are Fairly Valued, but Opportunities Will Arise
A Legend Still Pines for the Good Fight
Greener Pastures
Forecasting Market Bubbles and Crashes
Forecasting Market Bubbles and Crashes
Home-Court Advantage
Overcoming Technophobia
These Funds Are Counting on Undervalued Sectors
Our Favorite Mutual Funds
50 Most-Popular Equity ETFs
Undervalued Stocks With Wide Moats
What Price Advice?
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