Morningstar Advisor - August/September 2009 - 66

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 Name Cat 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, Style Stwd- Morningstar Box ship Rating Grade Annualized Total Return % YTD 1Yr 3Yr 5Yr 10Yr Yield % each category may contain an assortment of picks that are vastly different from each other, but they will all meet the criteria listed. There were 192 Analyst Picks as of June 30, 2009. Std Dev 3 Yr % Worst 3-Mo Ret % Exp Ratio # of TurnHold- over ings % Total Assets ($Mil) Incep Date Pg# American Funds Washington Mutual A AWSHX Columbia Value & Restructuring Z UMBIX Dodge & Cox Stock DODGX MainStay ICAP Select Equity I ICSLX Schneider Value SCMLX Sound Shore SSHFX T. Rowe Price Equity Income PRFDX Weitz Partners Value WPVLX WHG Large Cap Value Instl WHGLX Clipper CFIMX Davis NY Venture A NYVTX Fairholme FAIRX Longleaf Partners LLPFX Oakmark I OAKMX Oakmark Select I OAKLX Schwab S&P 500 Index Inv SWPIX Schwab Total Stock Market Index Inv SWTIX Selected American Shares D SLADX Selected American Shares S SLASX Sequoia SEQUX Vanguard Tax-Managed Capital App VMCAX Vanguard Tax-Managed Growth & Inc VTGIX Aston/Montag & Caldwell Growth N MCGFX Brandywine Blue BLUEX Harbor Capital Appreciation Instl HACAX Jensen J JENSX PRIMECAP Odyssey Growth POGRX Selected Special Shares D SLSDX T. Rowe Price New America Growth PRWAX Vanguard Capital Opportunity VHCOX * Vanguard PRIMECAP VPMCX * Vanguard PRIMECAP Core VPCCX Artisan Mid Cap Value ARTQX FPA Capital FPPTX * Longleaf Partners Small-Cap LLSCX * Perkins Mid Cap Value Investor JMCVX T. Rowe Price Mid-Cap Value TRMCX Vanguard Selected Value VASVX Ariel Appreciation CAAPX Fidelity Spartan Extended Mkt Index Inv FSEMX Osterweis OSTFX *Closed to new investors. Lg Value Ç X ÙÙÙ È— ÇZ È— Ê— È— ÇZ Ê Ç È X Z Z È— -2.0 ÙÙÙ 13.2 ÙÙÙ 4.8 ÙÙÙÙÙ 7.4 Ù 10.8 ÙÙÙÙ 7.0 ÙÙÙÙ 1.1 ÙÙÙ 11.6 ÙÙÙÙÙ -3.4 ÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙÙ -25.3 -8.5 -40.4 -10.5 -29.4 -12.7 -22.8 -6.6 -40.0 -17.3 -25.3 -6.7 -24.9 -8.7 -14.7 -9.8 -28.5 -6.5 -31.1 -14.9 -27.7 -9.3 -13.2 -0.6 -33.3 -12.0 -15.4 -6.1 -12.6 -10.3 -26.0 -8.3 -25.8 -8.1 -27.7 -9.0 -28.0 -9.3 -17.1 -4.6 -26.5 -8.0 -26.2 -8.3 -21.6 -1.5 -43.0 -10.5 -20.9 -4.1 -16.2 -3.6 -19.4 -5.2 -21.7 -10.4 -20.4 -2.1 -22.9 -3.6 -24.6 -4.2 -20.4 -4.2 -19.7 -25.9 -29.0 -18.5 -18.8 -19.5 -3.2 -6.8 -8.5 -2.3 -4.9 -7.3 -9.1 -8.3 -2.7 -2.3 -1.2 -2.8 0.9 -6.4 -0.7 -1.7 -3.4 — -8.0 -1.7 7.6 -4.4 -1.9 -3.5 -2.4 -1.7 -1.5 -1.8 -0.9 -1.6 -2.3 0.2 -2.0 0.0 -1.8 — -2.1 0.3 1.8 1.5 — 4.4 -0.1 -0.9 3.2 1.7 0.3 -3.6 0.0 2.4 0.0 2.9 3.2 2.8 — 2.4 1.1 1.1 — 0.6 0.4 — 1.3 0.8 3.8 -2.4 -1.4 0.5 0.4 2.6 -1.6 -2.2 -1.6 1.4 -2.3 2.3 — 0.0 -1.9 7.9 2.8 — — 6.4 4.5 9.2 7.4 5.1 2.3 1.2 5.7 3.4 1.9 1.9 1.9 4.3 1.1 3.0 0.1 1.1 2.0 1.4 0.4 0.2 1.5 1.3 2.7 2.1 1.6 1.2 0.4 2.2 2.7 0.3 0.0 0.6 1.5 0.3 0.3 0.0 0.4 1.0 1.2 0.2 1.5 0.8 1.5 1.1 3.3 0.7 1.5 0.2 17.7 26.8 22.7 19.3 29.2 19.4 20.5 20.7 16.9 23.0 21.3 25.3 27.6 22.3 24.4 18.9 19.2 21.6 21.6 18.1 19.5 19.0 18.7 19.7 17.8 16.7 19.4 21.4 21.6 22.0 18.5 18.2 23.5 23.5 25.3 18.2 21.1 20.3 26.6 22.5 14.5 -26.0 -44.9 -35.7 -29.4 -45.2 -35.3 -28.3 -28.7 -24.5 -33.0 -31.5 -34.2 -47.4 -31.8 -34.7 -29.4 -30.7 -31.1 -31.2 -23.6 -31.5 -29.7 -28.1 -35.2 -30.5 -23.4 -32.2 -35.3 -37.4 -37.3 -32.0 -31.2 -35.7 -36.8 -35.5 -28.6 -32.4 -31.6 -39.4 -37.0 -27.2 0.58 0.89 0.52 0.80 0.85 0.92 0.69 1.19 1.00 0.76 0.85 1.01 0.90 1.10 1.08 0.36 0.53 0.59 0.92 1.00 0.16 0.16 1.08 1.13 0.67 0.85 0.71 0.86 0.91 0.45 0.43 0.50 1.21 0.93 0.93 1.06 0.83 0.38 1.19 0.10 1.20 152 71 83 31 45 41 123 34 45 24 97 47 22 54 22 508 2,359 92 92 31 634 511 32 33 52 28 106 69 90 107 112 134 54 29 22 148 123 63 35 3,112 50 18 2 31 117 102 111 32 24 70 7 16 81 30 32 26 3 1 18 18 12 8 8 52 267 82 8 13 30 88 13 11 9 70 18 23 103 74 23 26 16 63 45,340 5,613 33,500 1,463 104 1,778 14,378 498 109 982 28,312 8,622 6,894 2,729 1,977 4,912 1,024 7,176 7,176 2,486 2,784 1,860 2,097 2,445 6,796 1,689 511 71 681 6,673 23,796 3,423 3,488 998 2,013 6,519 5,375 2,442 951 2,643 563 07/52 12/92 01/65 12/97 09/02 05/85 10/85 05/83 06/06 02/84 02/69 12/99 04/87 08/91 11/96 05/96 06/99 05/04 02/33 07/70 09/94 09/94 11/94 01/91 12/87 08/92 11/04 05/04 09/85 08/95 11/84 12/04 03/01 07/68 02/89 08/98 06/96 02/96 12/89 11/97 10/93 79 Ç— ÇZ È È È È È È X X — — Z Z É— È— È— É C É— É— É— ÉX É É É É É Z Z Z Z Z 7.2 6.4 16.2 24.0 11.4 17.8 3.1 4.2 5.8 5.6 2.2 5.2 3.2 8.8 -3.9 14.6 4.5 12.6 17.2 22.7 17.5 7.9 10.1 11.2 19.6 12.1 7.9 14.1 7.1 Lg Blend 17 18 17 Lg Growth Mid Value Ê— ÊZ Ê Z Ê— Ê— Ê Ë Ë Ë X — X X 14.4 -23.0 8.9 -27.4 12.3 -16.0 Mid Blend 66 Morningstar Advisor August/September 2009

Morningstar Advisor - August/September 2009

Table of Contents for the Digital Edition of Morningstar Advisor - August/September 2009

Morningstar Advisor - August/September 2009
New on MorninstarAdvisor.com
Letter from the Editor
Contributors
Are We at the Beginning of a New Small-Cap Era?
At Home Around the World
Staying Nimble
Investment Briefs
Asia's Way Forward
MPT Put Through the Wringer
Recession Rallies' Sweet Spot
What Makes Small Caps Tick
The Trick to Small Caps
Value Hound
Four Picks for the Present
Signs of Stabilization in the Housing Industry
The Not-Ready-for-High-Yield Players
Moats Around Small Castles
Mutual Fund Analyst Picks
50 Most Popular Equity ETFs
Undervalued Stocks
Most Popular Variable Annuities
New at Morningstar
The No in Innovation
Morningstar Advisor - August/September 2009 - Morningstar Advisor - August/September 2009
Morningstar Advisor - August/September 2009 - Cover2
Morningstar Advisor - August/September 2009 - 1
Morningstar Advisor - August/September 2009 - 2
Morningstar Advisor - August/September 2009 - 3
Morningstar Advisor - August/September 2009 - 4
Morningstar Advisor - August/September 2009 - 5
Morningstar Advisor - August/September 2009 - New on MorninstarAdvisor.com
Morningstar Advisor - August/September 2009 - 7
Morningstar Advisor - August/September 2009 - 8
Morningstar Advisor - August/September 2009 - Letter from the Editor
Morningstar Advisor - August/September 2009 - Contributors
Morningstar Advisor - August/September 2009 - 11
Morningstar Advisor - August/September 2009 - Are We at the Beginning of a New Small-Cap Era?
Morningstar Advisor - August/September 2009 - 13
Morningstar Advisor - August/September 2009 - At Home Around the World
Morningstar Advisor - August/September 2009 - 15
Morningstar Advisor - August/September 2009 - 16
Morningstar Advisor - August/September 2009 - Staying Nimble
Morningstar Advisor - August/September 2009 - 18
Morningstar Advisor - August/September 2009 - 19
Morningstar Advisor - August/September 2009 - Investment Briefs
Morningstar Advisor - August/September 2009 - 21
Morningstar Advisor - August/September 2009 - 22
Morningstar Advisor - August/September 2009 - 23
Morningstar Advisor - August/September 2009 - Asia's Way Forward
Morningstar Advisor - August/September 2009 - 25
Morningstar Advisor - August/September 2009 - 26
Morningstar Advisor - August/September 2009 - 27
Morningstar Advisor - August/September 2009 - 28
Morningstar Advisor - August/September 2009 - MPT Put Through the Wringer
Morningstar Advisor - August/September 2009 - 30
Morningstar Advisor - August/September 2009 - 31
Morningstar Advisor - August/September 2009 - 32
Morningstar Advisor - August/September 2009 - 33
Morningstar Advisor - August/September 2009 - 34
Morningstar Advisor - August/September 2009 - 35
Morningstar Advisor - August/September 2009 - Recession Rallies' Sweet Spot
Morningstar Advisor - August/September 2009 - 37
Morningstar Advisor - August/September 2009 - 38
Morningstar Advisor - August/September 2009 - 39
Morningstar Advisor - August/September 2009 - 40
Morningstar Advisor - August/September 2009 - 41
Morningstar Advisor - August/September 2009 - What Makes Small Caps Tick
Morningstar Advisor - August/September 2009 - 43
Morningstar Advisor - August/September 2009 - 44
Morningstar Advisor - August/September 2009 - 45
Morningstar Advisor - August/September 2009 - The Trick to Small Caps
Morningstar Advisor - August/September 2009 - 47
Morningstar Advisor - August/September 2009 - 48
Morningstar Advisor - August/September 2009 - 49
Morningstar Advisor - August/September 2009 - 50
Morningstar Advisor - August/September 2009 - 51
Morningstar Advisor - August/September 2009 - 52
Morningstar Advisor - August/September 2009 - Value Hound
Morningstar Advisor - August/September 2009 - 54
Morningstar Advisor - August/September 2009 - 55
Morningstar Advisor - August/September 2009 - Four Picks for the Present
Morningstar Advisor - August/September 2009 - 57
Morningstar Advisor - August/September 2009 - Signs of Stabilization in the Housing Industry
Morningstar Advisor - August/September 2009 - 59
Morningstar Advisor - August/September 2009 - 60
Morningstar Advisor - August/September 2009 - 61
Morningstar Advisor - August/September 2009 - The Not-Ready-for-High-Yield Players
Morningstar Advisor - August/September 2009 - 63
Morningstar Advisor - August/September 2009 - Moats Around Small Castles
Morningstar Advisor - August/September 2009 - 65
Morningstar Advisor - August/September 2009 - Mutual Fund Analyst Picks
Morningstar Advisor - August/September 2009 - 67
Morningstar Advisor - August/September 2009 - 68
Morningstar Advisor - August/September 2009 - 69
Morningstar Advisor - August/September 2009 - 50 Most Popular Equity ETFs
Morningstar Advisor - August/September 2009 - 71
Morningstar Advisor - August/September 2009 - Undervalued Stocks
Morningstar Advisor - August/September 2009 - 73
Morningstar Advisor - August/September 2009 - 74
Morningstar Advisor - August/September 2009 - 75
Morningstar Advisor - August/September 2009 - Most Popular Variable Annuities
Morningstar Advisor - August/September 2009 - 77
Morningstar Advisor - August/September 2009 - 78
Morningstar Advisor - August/September 2009 - New at Morningstar
Morningstar Advisor - August/September 2009 - The No in Innovation
Morningstar Advisor - August/September 2009 - Cover3
Morningstar Advisor - August/September 2009 - Cover4
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