Morningstar Advisor - Summer 2007 - 68

By the Numbers: Funds Mutual Fund Analyst Picks Analyst Picks are chosen by the Morningstar fund analysts who specialize in each category. Our analysts scrutinize more than 2,000 mutual funds to come up with a handful of favorites for each category. Analysts make their selections on a variety of factors including a fund’s historical risk and return, and costs on a quantitative basis. Qualitatively, we also consider consistent strategy, experienced management, and strong stewardship. Because we recognize that different funds come with different risks, each category may contain an assortment of picks that are vastly different from each other, but they will all meet the criteria listed. There are 180 analyst picks as of June 30, 2007. Name Style Stwd- Morningstar Annualized Total Return % Box ship Rating Grade YTD 1Yr 3Yr 5Yr Yield % 10Yr Std Dev 3 Yr % Worst 3-Mo Ret % Exp Ratio # of TurnHold- over ings % Total Assets ($Mil) Incep Date American Funds Washington Mutual A AWSHX Dodge & Cox Stock DODGX MainStay ICAP Select Equity I ICSLX Schneider Value SCMLX Sound Shore SSHFX T. Rowe Price Equity Income PRFDX Vanguard U.S. Value VUVLX Weitz Value WVALX Clipper CFIMX Davis NY Venture A NYVTX Fidelity Dividend Growth FDGFX Fidelity Spartan 500 Index Investor FSMKX Fidelity Spartan Total Market Index Inv FSTMX Longleaf Partners LLPFX Masters’ Select Equity MSEFX Oakmark I OAKMX Oakmark Select I OAKLX Selected American Shares D SLADX Vanguard Tax-Managed Capital App VMCAX Vanguard Tax-Managed Grth & Inc VTGIX Aston/Montag & Caldwell Growth N MCGFX Harbor Capital Appreciation Instl HACAX PRIMECAP Odyssey Growth POGRX T. Rowe Price New America Growth PRWAX USAA Aggressive Growth USAUX Vanguard Growth Equity VGEQX Vanguard PRIMECAP VPMCX Vanguard PRIMECAP Core VPCCX Janus Mid Cap Value Investor JMCVX T. Rowe Price Mid-Cap Value TRMCX Vanguard Selected Value VASVX Ariel Appreciation CAAPX Fairholme FAIRX Selected Special Shares D SLSDX TCW Value Opportunities I TGVOX Vanguard Mid Capitalization Index VIMSX Weitz Hickory WEHIX Lg Value Ç È È Ê Ç Ç Ç È È È È È È È É È È È È È É É É É É É É É Ë Ë Ê Ë É Ì Ë Ì Ê X Z Z Z Z Z X Z X Z X X X Z Z X X Z X X X X X X X X Z — X X X X Z Z X X Z ÙÙ ÙÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙ — ÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙÙ — ÙÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙ ÙÙÙÙ ÙÙ 7.7 7.2 9.8 13.5 6.5 8.1 5.9 4.1 2.5 7.5 7.2 6.9 7.5 10.5 9.8 6.1 5.6 7.4 7.8 6.9 7.4 4.9 7.6 9.1 6.4 8.3 8.8 9.1 10.1 10.3 8.9 9.9 9.5 6.9 9.9 10.8 4.4 20.9 19.7 24.5 29.1 22.3 22.6 19.2 20.6 16.6 19.9 21.5 20.5 20.4 23.3 20.1 21.3 17.9 19.9 20.6 20.5 12.0 16.0 16.8 17.8 13.3 13.9 12.0 11.0 7.7 13.8 9.7 11.6 12.7 13.1 10.3 10.1 11.0 13.7 12.6 11.6 10.1 14.8 15.0 — 13.1 11.9 11.1 11.7 7.2 13.5 9.2 10.6 11.8 13.4 11.7 9.2 10.6 — 11.8 10.7 5.9 8.3 — 10.6 8.8 9.7 14.3 — 15.4 16.6 15.0 10.5 17.4 — 13.0 15.4 13.3 8.9 13.1 — — 9.3 9.5 13.0 10.7 9.6 8.9 7.0 — 12.3 9.6 7.3 15.2 — 7.8 7.1 5.0 6.2 — 4.4 4.8 5.5 11.4 — — 14.1 9.8 12.3 — — — — 10.9 1.8 1.5 1.4 0.3 0.5 1.6 1.5 0.6 1.1 0.7 1.3 1.6 1.2 0.4 — 0.9 1.0 0.9 1.3 1.7 0.2 0.2 0.1 — 0.0 — 0.6 0.7 2.7 0.8 1.3 0.0 0.8 1.0 0.3 1.2 0.7 6.3 7.5 8.0 10.8 8.0 6.7 7.9 7.1 6.5 6.4 7.5 7.4 8.0 8.8 11.7 7.1 8.7 6.4 8.1 7.4 7.9 10.8 — 9.6 9.8 11.1 9.8 — 8.3 8.4 8.0 8.6 7.9 9.7 11.5 10.5 8.9 –17.9 –17.9 –19.1 –11.6 –18.8 –17.3 –17.7 –17.2 –12.3 –16.0 –16.1 –17.3 –16.9 –18.4 –18.8 –18.6 –19.0 –1.9 –18.7 –17.1 –15.6 –25.1 –3.9 –21.8 –37.0 –32.6 –21.7 –3.8 –17.7 –19.0 –30.7 –16.0 –7.2 –6.7 –28.9 –21.0 –28.9 0.57 0.52 0.80 0.85 0.92 0.69 0.39 1.13 0.62 0.87 0.59 0.10 0.10 0.90 1.18 1.05 0.99 0.58 0.15 0.15 1.06 0.67 0.89 0.89 0.99 0.88 0.46 0.60 0.93 0.80 0.44 1.16 1.00 0.83 0.95 0.22 1.20 222 88 29 52 41 125 316 42 20 90 96 503 3,501 29 78 56 22 86 651 510 36 60 115 106 49 69 131 112 158 124 64 35 33 75 57 447 37 19 14 115 105 66 17 57 40 63 6 30 5 4 19 38 9 22 9 5 6 69 71 7 61 65 147 10 5 95 62 37 25 20 41 73 18 65 91,053 73,313 1,840 389 3,058 25,477 1,559 3,076 3,385 49,443 17,615 17,781 7,729 11,648 806 6,115 6,151 13,094 4,452 3,405 1,851 8,821 392 836 1,265 783 33,251 3,034 7,420 8,642 5,523 2,752 4,896 162 823 21,396 391 07/52 01/65 12/97 09/02 05/85 10/85 06/00 05/86 02/84 02/69 04/93 03/90 11/97 04/87 12/96 08/91 11/96 05/04 09/94 09/94 11/94 12/87 11/04 09/85 07/81 03/92 11/84 12/04 08/98 06/96 02/96 12/89 12/99 05/04 11/97 05/98 04/93 Lg Blend 15.9 7.0 14.3 9.1 18.2 — 18.8 8.8 13.9 10.2 15.3 8.7 17.7 13.0 18.6 — 22.0 15.2 26.4 16.9 26.0 17.1 23.5 17.3 19.3 18.3 20.6 21.5 11.0 19.8 14.2 10.7 17.7 13.3 Mid Blend Mid Value Lg Growth 68 Morningstar Advisor Summer 2007

Morningstar Advisor - Summer 2007

Table of Contents for the Digital Edition of Morningstar Advisor - Summer 2007

Morningstar Advisor - Summer 2007
Contents
Letter from the Publisher
Get to Know the Bond “All-Stars”
Research Briefs
Our Stewardship Test Gets Tougher
Save It for Later
Too Many Oranges
Best of Both Worlds
No Two Clients Are Alike
When It Comes to VAs, It’s Seller Beware
Hands On: Finding the Suitable Fund Share Class for Your Client
Fund Style Can Drift Off Course
Sticking to Their Style, Through Thick and Thin
Marathon Man
Growth, With a Chaser
A Menu of Ideas to Fill Five Market Baskets
Funds: Finding Funds with Conviction
Stocks: So You Say You Want Income?
All Eyes on China
Mutual Fund Analyst Picks
Undervalued Stocks
Most Popular Variable Annuities
What’s New at Morningstar and on the Web
The Advisor’s Economic Moat
Morningstar Advisor - Summer 2007 - Intro
Morningstar Advisor - Summer 2007 - Morningstar Advisor - Summer 2007
Morningstar Advisor - Summer 2007 - Cover2
Morningstar Advisor - Summer 2007 - Contents
Morningstar Advisor - Summer 2007 - 2
Morningstar Advisor - Summer 2007 - 3
Morningstar Advisor - Summer 2007 - 4
Morningstar Advisor - Summer 2007 - Letter from the Publisher
Morningstar Advisor - Summer 2007 - 6
Morningstar Advisor - Summer 2007 - 7
Morningstar Advisor - Summer 2007 - Get to Know the Bond “All-Stars”
Morningstar Advisor - Summer 2007 - 9
Morningstar Advisor - Summer 2007 - Research Briefs
Morningstar Advisor - Summer 2007 - 11
Morningstar Advisor - Summer 2007 - Our Stewardship Test Gets Tougher
Morningstar Advisor - Summer 2007 - 13
Morningstar Advisor - Summer 2007 - Save It for Later
Morningstar Advisor - Summer 2007 - 15
Morningstar Advisor - Summer 2007 - Too Many Oranges
Morningstar Advisor - Summer 2007 - 17
Morningstar Advisor - Summer 2007 - Best of Both Worlds
Morningstar Advisor - Summer 2007 - 19
Morningstar Advisor - Summer 2007 - 20
Morningstar Advisor - Summer 2007 - No Two Clients Are Alike
Morningstar Advisor - Summer 2007 - When It Comes to VAs, It’s Seller Beware
Morningstar Advisor - Summer 2007 - 23
Morningstar Advisor - Summer 2007 - 24
Morningstar Advisor - Summer 2007 - 25
Morningstar Advisor - Summer 2007 - 26
Morningstar Advisor - Summer 2007 - 27
Morningstar Advisor - Summer 2007 - 28
Morningstar Advisor - Summer 2007 - Hands On: Finding the Suitable Fund Share Class for Your Client
Morningstar Advisor - Summer 2007 - 30
Morningstar Advisor - Summer 2007 - 31
Morningstar Advisor - Summer 2007 - 32
Morningstar Advisor - Summer 2007 - 33
Morningstar Advisor - Summer 2007 - Fund Style Can Drift Off Course
Morningstar Advisor - Summer 2007 - 35
Morningstar Advisor - Summer 2007 - 36
Morningstar Advisor - Summer 2007 - Sticking to Their Style, Through Thick and Thin
Morningstar Advisor - Summer 2007 - 38
Morningstar Advisor - Summer 2007 - 39
Morningstar Advisor - Summer 2007 - 40
Morningstar Advisor - Summer 2007 - 41
Morningstar Advisor - Summer 2007 - 42
Morningstar Advisor - Summer 2007 - Marathon Man
Morningstar Advisor - Summer 2007 - 44
Morningstar Advisor - Summer 2007 - 45
Morningstar Advisor - Summer 2007 - 46
Morningstar Advisor - Summer 2007 - 47
Morningstar Advisor - Summer 2007 - Growth, With a Chaser
Morningstar Advisor - Summer 2007 - 49
Morningstar Advisor - Summer 2007 - 50
Morningstar Advisor - Summer 2007 - 51
Morningstar Advisor - Summer 2007 - A Menu of Ideas to Fill Five Market Baskets
Morningstar Advisor - Summer 2007 - 53
Morningstar Advisor - Summer 2007 - 54
Morningstar Advisor - Summer 2007 - 55
Morningstar Advisor - Summer 2007 - 56
Morningstar Advisor - Summer 2007 - 57
Morningstar Advisor - Summer 2007 - Funds: Finding Funds with Conviction
Morningstar Advisor - Summer 2007 - 59
Morningstar Advisor - Summer 2007 - Stocks: So You Say You Want Income?
Morningstar Advisor - Summer 2007 - 61
Morningstar Advisor - Summer 2007 - 62
Morningstar Advisor - Summer 2007 - All Eyes on China
Morningstar Advisor - Summer 2007 - 64
Morningstar Advisor - Summer 2007 - 65
Morningstar Advisor - Summer 2007 - 66
Morningstar Advisor - Summer 2007 - 67
Morningstar Advisor - Summer 2007 - Mutual Fund Analyst Picks
Morningstar Advisor - Summer 2007 - 69
Morningstar Advisor - Summer 2007 - 70
Morningstar Advisor - Summer 2007 - 71
Morningstar Advisor - Summer 2007 - Undervalued Stocks
Morningstar Advisor - Summer 2007 - 73
Morningstar Advisor - Summer 2007 - Most Popular Variable Annuities
Morningstar Advisor - Summer 2007 - 75
Morningstar Advisor - Summer 2007 - What’s New at Morningstar and on the Web
Morningstar Advisor - Summer 2007 - 77
Morningstar Advisor - Summer 2007 - 78
Morningstar Advisor - Summer 2007 - 79
Morningstar Advisor - Summer 2007 - The Advisor’s Economic Moat
Morningstar Advisor - Summer 2007 - Cover3
Morningstar Advisor - Summer 2007 - Cover4
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