Morningstar 2011/2012 - (Page 64)

64 Financial Communications Morningstar Investment Profiles Concise investor-ready reports. ® TM 3 Fact sheets and publishing system for registered and unregistered investments 3 Consultative approach to every implementation Used by retirement plan sponsors and providers, asset management firms, and insurance companies, Morningstar ® Investment Profiles offers an efficient, cost-effective solution for conveying investment information to investors and helping comply with regulatory requirements. TM Morningstar consults with clients to understand their reporting requirements and audiences, then builds custom-designed templates including tailored disclosures, logos, benchmarks, and more. Firms can choose to leverage Morningstar branding, or apply their own design standards. An easy-to-use publishing system allows for on-demand HTML and PDF file reporting, accommodating cost-saving e-delivery methods and printing options. Morningstar’s service teams can coordinate related needs, such as translations and printing. Expansive data management and processing capabilities—including registered and unregistered investments—help institutions deliver comprehensive side-by-side comparisons to investors. Companies can now complement their reporting with online due diligence resources from Morningstar ® Integrated Web Tools (see p. 23) to help disclose fees and benchmarks in compliance with regional regulations. These tools can be directly embedded into a company’s website for a fully integrated solution. SM View sample reports global.morningstar.com/Profiles Release Date: 06-30-2011 Vanguard ® Target Retirement 2015 Fund VG 2015 Composite Benchmark Target Date 2011-2015 Popular Customization Options Rated against 111 Target Date 2011-2015 funds. An investment's overall Morningstar Rating, based on its risk-adjusted return, is a weighted average ofi ts applicable 3-, 5-, and 10-year Ratings. See disclosure for details. .................................................................................................................................................................................................................................................................................................................................................... Overall Morningstar Rating ™ Morningstar Return Morningstar Risk Benchmark Morningstar Category QQQQ Above Average Below Average Henderson Horizon Investment Strategy The investment seeks to provide growth of capital and current income. The fund primarily invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire within a few years of 2015. It allocates approximately 58% of assets to stocks and 42% to bonds and money market instruments. The fund’s asset allocation will become more conservative over time, meaning that the percentage of assets allocated to stocks will decrease as the percentage of assets in bonds and other fixed income investments increases. Within seven years after 2015, its asset allocation should resemble the Target Retirement Income Fund. Fees and Expenses Allocation of Stocks and Bonds 100 80 60 40 20 0 45 35 Years Until Retirement 25 15 5 0 -5 -10 % Allocation Bonds Stocks Cash Other Euro Corporate Bond Fund Fund facts at 30 September 2011 Structure Sub-Fund of Luxumbourg SICAV Fund manager Chris Bullock Stephen Thariyan Fund manager About the fund The investment objective of the Euro Corporate Bond Fund is to provide a total return in excess of that generated by the iBoxx Euro Corporates Index by investing primarily in Euro denominated investment grade corporate bonds and other fixed and floating rate securities. The Fund may make use of a variety of instruments/strategies in order to achieve the Fund's objective including, but not limited to, credit default swaps, interest rate futures, and foreign exchange contracts. Chris Bullock has managed the fund since inception and is also co-manager of the absolute return credit funds. Chris joined Henderson in 2003 as a Credit Analyst covering the investment grade and high yield industrial sectors. He graduated with a BEng (Hons) in Chemical Engineering from Aston University and is both a CFA charterholder and member of the Chartered Institute of Management Accountants. Stephen Thariyan joined Henderson in 2007 as Head of Credit, from Rogge Global Partners where he was a Portfolio Manager of Global Credit and its Absolute Return fund. He holds a BA (Hons) in Accountancy and Financial Analysis from the University of Newcastle-UponTyne. Please note: on the 1st July 2011, the Gartmore SICAV European Corporate Bond Fund merged into the Henderson Horizon Euro Corporate Bond Fund. To obtain commentary from our fund manager and prospectus please visit our website on: www.henderson.com. Performance 40 30 20 10 0 -10 -20 -30 YTD 1 Year 3 Year 5 Year 10 Year Since Inception Design and branding Total Return% as of 06-30-11 Investment Benchmark Launch date December 2009 Base currency EUR Benchmark iBoxx Euro Corporates Index Minimum investment or currency equivalent € 2,500 Fund size €83.12m Country breakdown United Kingdom United States Germany Switzerland Italy Sweden Finland Cayman Islands Spain Luxembourg (%) Credit rating breakdown 21.0 10.5 10.4 6.0 3.9 3.9 1.8 1.4 1.1 1.0 AAA AA A BBB High Yield Cash (%) Maturity structure 6.4 21.6 26.7 23.0 6.4 6.7 0-3 years 3-5 years 5-7 years 7-10 years 10+ years Cash (%) 18.2 26.4 29.4 14.8 4.5 6.7 NAV (EUR) A1: 110.79 A2: 111.70 YTD High/Low NAV (EUR) A1: 113.75/109.07 A2: 114.69/109.97 Last dividend n/a Trading frequency Daily Fund data reflects Net credit exposures, with the exception of Maturity Structure, which reflects bond holdings only. (A2) Codes ISIN: LU0451950314 Bloomberg: HHECBAA LX WKN: A0YB5H Performance in EUR Percentage growth, 18 Dec 09 to 30 Sep 11. 124 118 112 106 100 94 Dec 09 Sector breakdown relative to benchmark Industrials Healthcare Technology Telecommunications Oil & Gas Basic Materials Consumer Goods Consumer Services -1.1% -1.8% -3.5% -3.6% -3.8% -9.8% -14 -11 -8 Underweight % -5 -2 Overweight % 1 4 2.7% 2.1% 1.5% 0.1% Investment Fee Operations and Management 0.51% Fund risk statistics Alpha Beta Sharpe Ratio Standard Deviation Tracking Error Information Ratio 3 years 5 years n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Product Inception Date Initial Inception Date Management Company 05-02-11 10-27-03 The Vanguard Group, Inc. Average annual, if greater than 1 year Apr 10 Sep 10 Jan 11 May 11 Sep 11 Utilities Financials Volatility Analysis Investment Low Moderate Category High 4.33 19.55 4.65 4.71 . 5.45 Fund Return % 4.45 20.10 4.85 4.98 . . Benchmark Return % 4.20 19.10 3.12 3.38 . . Category Average % ................................................................................................................................................................................................................ . . . Morningstar Rating™ QQQQ QQQQ . . . 111 48 . . # of Funds in Category Returns shown represent past performance which cannot guarantee future results and are net of investment fees, but not administrative fees. Your plan's specific returns may be lower. Also, current performance may be lower or higher than the performance data quoted above. Fund values and investment returns will vary and principal value, when redeemed, may be worth more or less than the original investment. Contact your plan administrator or access your online account for your plan's returns current to the most recent month-end. Consider the fund's investment objectives, risks, charges, and expenses before investing. Henderson Horizon Euro Corporate Bond (11.7%) IBOXX EUR Corp (4.4%) Data sources Custom PDF Profiles Source: at 30 Sep 11. © 2011 Morningstar. All rights reserved, on a bid to bid basis, with gross income reinvested, rebased at 100. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Cumulative performance % change 1 month YTD 1 year 5 years Since inception* A1 -1.0 1.3 1.1 n/a 11.7 A2 -1.0 1.3 1.0 n/a 11.7 Index -1.1 0.4 -1.3 n/a 4.4 Discrete year performance % change 29/09/2006 to 28/09/2007 28/09/2007 to 30/09/2008 30/09/2008 to 30/09/2009 30/09/2009 to 30/09/2010 30/09/2010 to 30/09/2011 A1 n/a n/a n/a n/a 1.1 A2 n/a n/a n/a n/a 1.0 Index n/a n/a n/a n/a -1.3 Source: at 30 Sep 11. © 2011 Morningstar. All rights reserved, on a bid to bid basis, with gross income reinvested, rebased at 100. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. * The A1 share class was launched on 18 December 2009. Source: at 30 Sep 11. © 2011 Morningstar. All rights reserved, on a bid to bid basis, with gross income reinvested, rebased at 100. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. In the past, this investment has shown a relatively small range of price fluctuations relative to other investments. Based on this measure, currently more than two thirds of all investments have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy. Best 3 Month Return Worst 3 Month Return Past performance is not a guide to future performance. Portfolio Analysis as of 03-31-11 Composition as of 03-31-11 % Assets Morningstar Style Box™ as of 03-31-11 (EQ) ; 03-31-11 (F-I) Large Mid High 18.83% (Mar '09 - May '09) -21.03% (Sep '08 - Nov '08) The investment fee includes a 0.35% charge by Companion Life Insurance's retirement program product. The benchmark is derived by applying the fund's target asset allocation to the results of the following benchmarks: for international stocks of developed markets, the MSCI EAFE Index through 12-15-10, and the MSCI ACWI ex USA IMI Index thereafter; for emerging markets stocks, the Select Emerging Markets Index through 8-23-06, the MSCI Emerging Markets Index through 12-15-10, and the MSCI ACWI ex USA IMI Index thereafter; for bonds, the BarCap U.S. Aggregate Bond Index through 12-31-09, and the BarCap U.S. Aggregate Float Adjusted Index thereafter; and for U.S. stocks, the MSCI US Broad Market Index. Investors who redeem, transfer or exchange any amount out of the fund must wait 60 calendar days before transferring or exchanging any amount back into the fund. Notes U.S. Stocks Non-U.S. Stocks Bonds Cash Other 40.3 17.5 39.0 1.9 1.3 Value Blend Growth Languages % Fund Med Top 10 Holdings as of 03-31-11 % Assets Morningstar Super Sectors as of 03-31-11 Small Ltd Mod Ext Low Vanguard Total Stock Mkt Idx Inv Vanguard Total Bond Market II Idx Inv MT MFESP Total Intl Stock Mkt Index Vanguard Inflation-Protected Secs Inv CMT Market Liquidity Rate Total Number of Holdings 40.75 39.95 17.64 1.63 0.02 5 Cyclical Sensitive Defensive 35.05 43.14 21.80 ........................................................................................................... Regulatory requirements PDF AFN43632 06-11 ©2011 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use ofi nformation. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com . Page 1 of 2 HTML Standard Profile Formats Custom HTML Profile Standard or custom communications. Firms can select from a library of standard profile options, or customize elements of the reports ranging from data and disclosure, to their overall design. http://global.morningstar.com/Profiles http://www.henderson.com

Table of Contents for the Digital Edition of Morningstar 2011/2012

Morningstar 2011/2012
Table of Contents
Commonwealth Financial Network
The Hartford
ING
Transamerica
Institutional Software
Custom Software and Services
Investment Data, Market Data, and Indexes
Fund, Stock, and Credit Research
Advisory, Retirement, and Portfolio Management Services
Independent Advisor Software and Services
Financial Communications
Investor Websites and Publications

Morningstar 2011/2012

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