Morningstar Advisor - April/May 2010 - 69

Name

Cat

Style Stwd- Morningstar Box ship Rating Grade

Annualized Total Return % YTD 1Yr 3Yr 5Yr 10Yr

Yield %

Std Dev 3 Yr %

Worst 3-Mo Ret %

Exp Ratio

# of TurnHold- over ings %

Total Assets ($Mil)

Incep Date

Ariel Appreciation CAAPX Fidelity Spartan Extended Mkt Index Inv FSEMX Osterweis OSTFX Royce Premier Invmt RYPRX * Vanguard Mid Capitalization Index VIMSX Weitz Hickory WEHIX Brandywine BRWIX Buffalo Mid Cap BUFMX FPA Paramount FPRAX PRIMECAP Odyssey Aggressive Growth POAGX Turner Midcap Growth Investor TMGFX Allianz NFJ Small Cap Value D PNVDX * Diamond Hill Small Cap A DHSCX Schneider Small Cap Value SCMVX Bogle Small Cap Growth Inv BOGLX Bridgeway Small-Cap Value BRSVX Royce Special Equity Invmt RYSEX Third Avenue Small Cap Value Insti Cl TASCX Vanguard Tax-Managed Small Cap Inv VTMSX Bridgeway Small-Cap Growth BRSGX Masters' Select Smaller Companies MSSFX Vanguard Explorer Inv VEXPX Wasatch Small Cap Growth WAAEX American Funds American Balanced A ABALX American Funds Inc Fund of Amer A AMECX Dodge & Cox Balanced DODBX Gateway A GATEX Manning & Napier Pro-Blend Cnsrv Term S EXDAX Manning & Napier Pro-Blend Mod Term S EXBAX T. Rowe Price Personal Strat Income PRSIX T. Rowe Price Retirement 2005 TRRFX T. Rowe Price Retirement 2010 TRRAX T. Rowe Price Retirement 2015 TRRGX T. Rowe Price Retirement 2020 TRRBX T. Rowe Price Retirement 2025 TRRHX T. Rowe Price Retirement 2030 TRRCX T. Rowe Price Retirement 2035 TRRJX T. Rowe Price Retirement 2040 TRRDX T. Rowe Price Retirement 2045 TRRKX T. Rowe Price Retirement 2050 TRRMX T. Rowe Price Retirement 2055 TRRNX Vanguard Target Retirement 2005 VTOVX Vanguard Target Retirement 2010 VTENX Vanguard Target Retirement 2015 VTXVX Vanguard Target Retirement 2020 VTWNX Vanguard Target Retirement 2025 VTTVX Vanguard Target Retirement 2030 VTHRX Vanguard Target Retirement 2035 VTTHX Vanguard Target Retirement 2040 VFORX Vanguard Target Retirement 2045 VTIVX Vanguard Target Retirement 2050 VFIFX Vanguard Target Retirement Income VTINX Vanguard Tax-Managed Balanced VTMFX Vanguard Wellesley Income VWINX Vanguard Wellington VWELX MA MA MA LO CA MA CA TA TA TD TE TG TH TI TJ TK TL TL TA TA TD TE TG TH TI TJ TK TL RI CA CA MA

Mid Blend

Ë Ë È Ï Ë Ë

— X X X X X

ÙÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙ ÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙ ÙÙ ÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙ ÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙÙÙ

-0.7 2.2 -0.3 0.4 1.5 7.7 -1.6 1.0 -1.4 3.1 0.3

98.8 68.2 37.3 61.0 69.2 61.3

-2.4 -4.1 -2.6 1.0 -5.4 -9.2

2.0 3.2 3.1 6.5 2.4 -1.0 -2.4 4.2 1.8 6.6 2.7 4.7 2.3 -0.7 -0.7 -1.6 4.8 0.0 1.5 -3.2 0.0 0.7 1.2 2.2 2.3 1.0 2.3 5.1 4.6 4.3 4.0 3.7 3.4 3.1 2.8 2.7 2.4 2.4 — — — 3.6 — 3.0 — 2.3 — 1.8 — 2.1 — 4.0 3.3 4.9 4.5

8.8 0.7 4.7 11.0 5.9 1.1 -2.0 — 6.7 — -4.2 — — 11.6 5.1 — 12.3 6.7 5.5 — — 1.5 5.4 6.4 6.5 6.9 2.8 6.3 6.4 5.5 — — — — — — — — — — — — — — — — — — — — — — 2.8 7.5 7.0

0.1 1.1 0.4 0.0 1.1 0.0 0.0 0.0 0.0 0.0 0.0 1.8 0.0 0.5 0.0 0.6 0.4 0.8 0.7 0.4 0.0 0.2 0.0 1.8 4.5 2.4 1.9 1.3 1.0 2.4 3.1 2.8 2.2 2.0 1.7 1.5 1.3 1.3 1.3 1.3 1.3 2.5 2.4 2.4 2.2 2.2 2.0 2.1 2.0 2.1 2.0 2.6 2.6 4.3 3.1

28.7 23.9 14.8 23.4 24.4 23.2 21.6 24.3 23.4 23.8 26.2 20.7 22.5 34.3 27.8 28.2 18.3 24.6 25.1 24.1 27.6 23.7 23.8 13.9 14.9 18.6 10.4 6.0 11.2 11.8 12.5 14.6 16.4 18.1 19.5 20.6 21.2 21.2 21.2 21.2 21.2 10.1 12.4 14.0 15.4 17.0 18.4 19.4 19.4 19.4 19.4 8.3 10.8 9.2 13.7

-39.4 -37.0 -27.2 -33.7 -38.2 -34.0 -38.0 -37.3 -37.0 -33.4 -39.9 -29.5 -29.7 -41.7 -42.8 -42.2 -23.5 -38.8 -34.1 -39.2 -42.1 -37.7 -34.5 -21.1 -23.2 -29.2 -16.9 -6.4 -16.8 -19.4 -19.9 -23.6 -26.7 -29.4 -31.5 -33.1 -34.0 -34.0 -34.1 -34.0 -34.0 -15.6 -18.8 -21.0 -23.3 -25.6 -27.8 -29.3 -29.2 -29.2 -29.2 -12.6 -16.8 -10.1 -20.3

1.25 0.10 1.20 1.12 0.22 1.28 1.10 1.02 0.99 0.77 1.18 1.21 1.35 1.14 1.35 0.92 1.15 1.13 0.19 0.94 1.39 0.54 1.29 0.67 0.63 0.53 0.94 0.90 1.10 0.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.15 0.31 0.34

40 3,076 54 67 460 40 103 48 32 77 96 122 64 82 146 89 79 66 602 62 67 1,051 89 658 1,521 350 243 620 550 1,295 15 17 17 17 17 16 16 16 16 16 16 8 7 6 6 6 6 6 6 6 6 8 887 543 542

44 16 63 11 24 28 239 17 46 20 120 33 47 122 159 83 27 15 37 75 142 95 52 46 38 19 38 47 58 67 37 27 24 18 17 12 11 10 12 8 19 44 41 37 27 21 13 9 9 10 8 29 27 53 28

1,482 3,597 977 5,450 19,082 190 2,046 421 228 517 999 6,217 561 96 91 134 1,370 1,201 2,379 64 86 8,274 943 47,048 63,286 15,110 4,697 527 736 817 946 4,852 4,298 9,312 4,361 7,094 2,738 4,372 1,256 568 132 1,975 3,507 10,538 6,769 10,964 4,806 7,492 2,821 3,944 1,096 2,888 664 14,952 47,333

12/89 11/97 10/93 12/91 05/98 04/93 12/85 12/01 09/58 11/04 10/96 06/02 12/00 09/98 10/99 10/03 05/98 04/97 03/99 10/03 06/03 12/67 12/86 01/33 12/70 06/31 12/77 11/95 09/93 07/94 02/04 09/02 02/04 09/02 02/04 09/02 02/04 09/02 05/05 12/06 12/06 10/03 06/06 10/03 06/06 10/03 06/06 10/03 06/06 10/03 06/06 10/03 09/94 07/70 07/29

Mid Growth

Ì — Ì — Ì Ì Z Z

Ì — Í — Í Í Z —

19.2 -10.5 65.4 -1.4 63.8 -1.9 78.7 -0.1 72.1 -2.5

2.0 55.7 -1.3 0.7 62.3 -2.1 4.2 119.4 -11.9 0.6 -0.8 2.3 -1.8 0.7 -2.5 1.1 0.3 -1.8 0.6 -1.0 0.4 -0.5 1.1 0.5 -0.1 0.1 -0.2 -0.6 -0.8 -1.0 -1.2 -1.4 -1.4 -1.4 -1.3 -1.3 0.5 0.2 0.1 -0.2 -0.4 -0.6 -0.9 -0.9 -0.8 -0.9 0.6 0.6 0.8 -0.3 79.4 -10.8 61.4 -10.4 51.9 3.1 54.2 -6.9 64.3 -4.6 41.5 -12.7 81.4 -6.2 59.9 -6.0 65.1 -3.1 39.4 40.3 52.7 18.8 18.3 30.0 34.8 36.5 41.6 46.5 50.9 54.5 57.4 59.1 59.1 59.2 59.2 59.2 27.0 33.5 38.0 41.7 45.6 49.5 52.5 52.5 52.4 52.4 22.7 28.6 29.0 37.8 -1.3 -3.3 -4.7 -0.9 4.0 1.1 1.9 0.8 -0.3 -1.1 -2.1 -2.8 -3.4 -3.8 -3.8 -3.8 -3.8 -3.8 1.6 0.4 -0.5 -1.4 -2.4 -3.3 -3.9 -3.8 -3.9 -3.8 3.0 0.8 3.2 0.8

Sm Value

Sm Blend

Î — Î — Î Z Í — Î — Ï — Î — Ï Ï È Ç È È X — Z Z Z —

Allocation

Sm Growth

É — É — É — È È È É É É É É É É È È È È È È È È È È È È Ç Ç Z Z Z Z Z Z Z Z Z — X X X X X X X X X X X X Z Z

É —

MorningstarAdvisor.com 69


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Morningstar Advisor - April/May 2010

Table of Contents for the Digital Edition of Morningstar Advisor - April/May 2010

Morningstar Advisor - April/May 2010
Contents
New On MorningstarAdvisor.com
Contributors
Letter from the Editor
Our Job: Building Better Investors
What’s Your Biggest Long-term Concern for the Economy?
An Early Start
Women’s Work
Investment Briefs
Markowitz 2.0
Asset Allocation Is King
A Decade of Riskier Assets ...
... but with plenty of Silver Linings
Be Prepared
Facing up to the Economy’s Problems
Levelheaded
Surviving on Conviction
Four Picks for the Present
Pharmaceutical Firms Get the Urge to Merge
Funds That Look Cheaper Than the Market
Finding Dividend Leaders
Mutual Fund Analyst Picks
50 Most Popular ETFs
Undervalued Stocks with Wide Moats
VAs: Assets Rise as New Sales Slip
New at Morningstar
When You Wish Upon a Star
Morningstar Advisor - April/May 2010 - Morningstar Advisor - April/May 2010
Morningstar Advisor - April/May 2010 - Cover2
Morningstar Advisor - April/May 2010 - 1
Morningstar Advisor - April/May 2010 - 2
Morningstar Advisor - April/May 2010 - Contents
Morningstar Advisor - April/May 2010 - 4
Morningstar Advisor - April/May 2010 - 5
Morningstar Advisor - April/May 2010 - New On MorningstarAdvisor.com
Morningstar Advisor - April/May 2010 - 7
Morningstar Advisor - April/May 2010 - Contributors
Morningstar Advisor - April/May 2010 - Letter from the Editor
Morningstar Advisor - April/May 2010 - 10
Morningstar Advisor - April/May 2010 - Our Job: Building Better Investors
Morningstar Advisor - April/May 2010 - 12
Morningstar Advisor - April/May 2010 - 13
Morningstar Advisor - April/May 2010 - What’s Your Biggest Long-term Concern for the Economy?
Morningstar Advisor - April/May 2010 - 15
Morningstar Advisor - April/May 2010 - An Early Start
Morningstar Advisor - April/May 2010 - 17
Morningstar Advisor - April/May 2010 - Women’s Work
Morningstar Advisor - April/May 2010 - 19
Morningstar Advisor - April/May 2010 - Investment Briefs
Morningstar Advisor - April/May 2010 - 21
Morningstar Advisor - April/May 2010 - Markowitz 2.0
Morningstar Advisor - April/May 2010 - 23
Morningstar Advisor - April/May 2010 - 24
Morningstar Advisor - April/May 2010 - 25
Morningstar Advisor - April/May 2010 - 26
Morningstar Advisor - April/May 2010 - 27
Morningstar Advisor - April/May 2010 - Asset Allocation Is King
Morningstar Advisor - April/May 2010 - 29
Morningstar Advisor - April/May 2010 - 30
Morningstar Advisor - April/May 2010 - 31
Morningstar Advisor - April/May 2010 - 32
Morningstar Advisor - April/May 2010 - 33
Morningstar Advisor - April/May 2010 - A Decade of Riskier Assets ...
Morningstar Advisor - April/May 2010 - ... but with plenty of Silver Linings
Morningstar Advisor - April/May 2010 - 36
Morningstar Advisor - April/May 2010 - Be Prepared
Morningstar Advisor - April/May 2010 - 38
Morningstar Advisor - April/May 2010 - 39
Morningstar Advisor - April/May 2010 - 40
Morningstar Advisor - April/May 2010 - 41
Morningstar Advisor - April/May 2010 - 42
Morningstar Advisor - April/May 2010 - 43
Morningstar Advisor - April/May 2010 - Facing up to the Economy’s Problems
Morningstar Advisor - April/May 2010 - 45
Morningstar Advisor - April/May 2010 - 46
Morningstar Advisor - April/May 2010 - 47
Morningstar Advisor - April/May 2010 - 48
Morningstar Advisor - April/May 2010 - 49
Morningstar Advisor - April/May 2010 - Levelheaded
Morningstar Advisor - April/May 2010 - 51
Morningstar Advisor - April/May 2010 - 52
Morningstar Advisor - April/May 2010 - 53
Morningstar Advisor - April/May 2010 - Surviving on Conviction
Morningstar Advisor - April/May 2010 - 55
Morningstar Advisor - April/May 2010 - 56
Morningstar Advisor - April/May 2010 - 57
Morningstar Advisor - April/May 2010 - Four Picks for the Present
Morningstar Advisor - April/May 2010 - 59
Morningstar Advisor - April/May 2010 - 60
Morningstar Advisor - April/May 2010 - Pharmaceutical Firms Get the Urge to Merge
Morningstar Advisor - April/May 2010 - 62
Morningstar Advisor - April/May 2010 - 63
Morningstar Advisor - April/May 2010 - Funds That Look Cheaper Than the Market
Morningstar Advisor - April/May 2010 - 65
Morningstar Advisor - April/May 2010 - Finding Dividend Leaders
Morningstar Advisor - April/May 2010 - 67
Morningstar Advisor - April/May 2010 - Mutual Fund Analyst Picks
Morningstar Advisor - April/May 2010 - 69
Morningstar Advisor - April/May 2010 - 70
Morningstar Advisor - April/May 2010 - 71
Morningstar Advisor - April/May 2010 - 50 Most Popular ETFs
Morningstar Advisor - April/May 2010 - 73
Morningstar Advisor - April/May 2010 - Undervalued Stocks with Wide Moats
Morningstar Advisor - April/May 2010 - 75
Morningstar Advisor - April/May 2010 - VAs: Assets Rise as New Sales Slip
Morningstar Advisor - April/May 2010 - 77
Morningstar Advisor - April/May 2010 - 78
Morningstar Advisor - April/May 2010 - New at Morningstar
Morningstar Advisor - April/May 2010 - When You Wish Upon a Star
Morningstar Advisor - April/May 2010 - Cover3
Morningstar Advisor - April/May 2010 - Cover4
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