Morningstar Advisor - June/July 2010 - 71

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

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 Perkins Small Cap Value T JSCVX 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 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 FPA Crescent FPACX Gateway A GATEX Hussman Strategic Growth HSGFX Manning & Napier Pro-Blend Cnsrv Term S Manning & Napier Pro-Blend Mod Term S 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 MA LO 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 Growth

Ì Ë Ê

X X X

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

11.7 12.5 21.5 7.9 12.1 10.7 13.4 10.5 12.9 13.8 12.3 24.6 12.9 11.3 10.6 6.7 14.9 7.4 12.8 -1.8 5.4 3.9 6.8 4.4 1.9 -0.6 3.7 4.4 4.7 4.9 5.4 5.8 6.2 6.6 6.9 6.9 7.0 7.0 7.1 7.0 4.1 4.8 5.1 5.4 5.7 6.0 6.3 6.2 6.2 6.2 3.9 4.6 4.3 4.4

42.1 51.0 45.2 23.1 45.4 43.8 60.0 48.6 44.7 44.6 47.1 96.2 61.7 43.5 34.5 38.6 47.7

2.9 -3.5 -5.9 -9.3 0.8 0.7 1.9 -0.9 0.2 0.6 5.6 -7.7 -8.4 -8.5 4.2 -5.8 -1.7

10.7 5.6 1.8 1.2 7.4 5.3 10.4 6.2 8.1 6.3 9.6 5.2 3.2 3.2 8.2 2.6 5.9 -0.2 4.7 1.2 3.6 3.9 2.7 7.3 3.1 1.3 5.6 5.5 5.7 5.6 5.4 5.4 5.3 5.2 5.2 5.0 5.0 — — — 4.5 — 4.3 — 3.9 — 3.9 — 4.3 — 4.7 4.4 5.7 5.9

11.4 6.5 2.2 -1.5 — 8.8 — -1.1 — — 11.3 12.8 6.4 — 12.3 8.2 7.5 — 3.7 5.4 6.2 6.5 6.6 11.6 2.7 — 6.2 6.1 5.7 — — — — — — — — — — — — — — — — — — — — — — 3.0 7.2 6.7

0.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6 0.0 0.2 0.4 0.0 0.5 0.4 0.7 0.6 0.3 0.2 0.0 2.3 4.1 2.2 1.2 1.6 0.1 1.2 0.9 2.4 2.9 2.7 2.0 1.9 1.6 1.4 1.2 1.2 1.2 1.2 1.2 2.4 2.3 2.3 2.1 2.1 1.9 1.9 1.8 1.9 1.8 2.5 2.5 4.0 3.0

23.6 24.8 23.9 22.0 24.6 23.9 24.1 26.5 21.0 23.0 21.8 35.2 28.3 28.5 18.5 24.8 25.7 24.4 24.2 23.8 14.0 14.9 18.8 13.0 10.4 8.4 6.0 11.2 11.9 12.6 14.7 16.6 18.3 19.7 20.7 21.4 21.4 21.4 21.4 21.4 10.1 12.4 14.1 15.5 17.1 18.6 19.6 19.6 19.6 19.6 8.3 10.9 9.2 13.7

-33.7 -38.2 -34.0 -38.0 -37.3 -37.0 -33.4 -39.9 -29.5 -29.7 -24.0 -41.7 -42.8 -42.2 -23.5 -38.8 -34.1 -39.2 -37.7 -34.5 -21.1 -23.2 -29.2 -22.7 -16.9 -14.2 -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

1.15 0.27 1.28 1.10 1.02 0.99 0.77 1.18 1.21 1.38 1.11 1.14 1.35 0.92 1.17 1.13 0.19 0.94 0.54 1.29 0.67 0.63 0.53 1.23 0.94 1.09 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

70 460 34 113 48 31 82 93 125 67 108 82 158 89 81 59 602 62 1,051 89 658 1,521 350 114 244 100 641 563 1,298 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

14 21 28 239 17 46 20 120 33 47 85 122 159 83 10 15 37 75 95 52 46 49 19 32 11 69 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

6,144 21,760 224 2,149 505 240 638 1,094 6,818 703 2,429 96 100 132 1,680 2,379 1,773 67 9,279 943 49,102 65,871 15,825 3,292 4,759 5,478 600 814 874 1,021 5,180 4,743 10,365 4,928 8,044 3,161 5,053 1,485 699 159 2,089 3,844 11,485 7,610 12,300 5,521 8,495 3,297 4,502 1,321 3,091 698 15,816 50,323

12/91 05/98 04/93 12/85 12/01 09/58 11/04 10/96 06/02 12/00 10/87 09/98 10/99 10/03 05/98 04/97 03/99 10/03 12/67 12/86 01/33 12/70 06/31 06/93 12/77 07/00 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

Ì — Ì — Ì Ì Z Z

Ì — Ê — Í Î Í Z — —

Sm Value

Sm Blend

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

Allocation Sm Growth

31.5 -11.6 46.5 -3.6 65.1 -3.1 28.2 33.4 37.2 28.3 11.6 -4.7 13.6 20.9 26.6 27.4 30.9 34.3 37.1 39.5 41.4 42.5 42.5 42.5 42.5 42.5 20.2 24.7 27.7 30.2 32.6 35.2 37.4 37.4 37.3 37.2 17.5 21.7 25.3 29.8 -0.9 -3.3 -3.8 2.6 -1.0 -0.9 4.2 1.2 2.4 1.3 0.2 -0.5 -1.4 -2.1 -2.6 -3.0 -2.9 -2.9 -2.9 -2.9 1.9 0.8 -0.1 -1.0 -1.9 -2.8 -3.2 -3.1 -3.2 -3.2 3.4 1.2 3.6 0.9

È — É — É — É É È 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

MorningstarAdvisor.com 71


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Morningstar Advisor - June/July 2010

Table of Contents for the Digital Edition of Morningstar Advisor - June/July 2010

Morningstar Advisor - June/July 2010
Contents
New on MorningstarAdvisor.com
Contributors
Letter From the Editor
What Risks to Bonds Are You Most Concerned About?
The Irrational Lizard Brain
Investment Briefs
The Problem With Financial Plans
Preparing for Turbulance
Different Models, Similar Results
The Game Is Up
Some People Are Bullish on Bonds
Bonds We Like
What Does Harry Markowitz Think?
Escape From the Pack
Four Picks for the Present
Rising Rates Could Affect Equities, Too
The Banking Sector Knocks on Wood
Back to Basics
On the Prowl for Smooth Operators
Mutual Fund Analyst Picks
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
New at Morningstar
R-E-S-P-E-C-T
Morningstar Advisor - June/July 2010 - Morningstar Advisor - June/July 2010
Morningstar Advisor - June/July 2010 - Cover2
Morningstar Advisor - June/July 2010 - 1
Morningstar Advisor - June/July 2010 - 2
Morningstar Advisor - June/July 2010 - Contents
Morningstar Advisor - June/July 2010 - 4
Morningstar Advisor - June/July 2010 - 5
Morningstar Advisor - June/July 2010 - New on MorningstarAdvisor.com
Morningstar Advisor - June/July 2010 - 7
Morningstar Advisor - June/July 2010 - Contributors
Morningstar Advisor - June/July 2010 - Letter From the Editor
Morningstar Advisor - June/July 2010 - What Risks to Bonds Are You Most Concerned About?
Morningstar Advisor - June/July 2010 - 11
Morningstar Advisor - June/July 2010 - 12
Morningstar Advisor - June/July 2010 - 13
Morningstar Advisor - June/July 2010 - The Irrational Lizard Brain
Morningstar Advisor - June/July 2010 - 15
Morningstar Advisor - June/July 2010 - Investment Briefs
Morningstar Advisor - June/July 2010 - 17
Morningstar Advisor - June/July 2010 - The Problem With Financial Plans
Morningstar Advisor - June/July 2010 - 19
Morningstar Advisor - June/July 2010 - 20
Morningstar Advisor - June/July 2010 - Preparing for Turbulance
Morningstar Advisor - June/July 2010 - 22
Morningstar Advisor - June/July 2010 - 23
Morningstar Advisor - June/July 2010 - Different Models, Similar Results
Morningstar Advisor - June/July 2010 - 25
Morningstar Advisor - June/July 2010 - 26
Morningstar Advisor - June/July 2010 - 27
Morningstar Advisor - June/July 2010 - 28
Morningstar Advisor - June/July 2010 - 29
Morningstar Advisor - June/July 2010 - The Game Is Up
Morningstar Advisor - June/July 2010 - 31
Morningstar Advisor - June/July 2010 - 32
Morningstar Advisor - June/July 2010 - 32a
Morningstar Advisor - June/July 2010 - 32b
Morningstar Advisor - June/July 2010 - 32c
Morningstar Advisor - June/July 2010 - 32d
Morningstar Advisor - June/July 2010 - 33
Morningstar Advisor - June/July 2010 - Some People Are Bullish on Bonds
Morningstar Advisor - June/July 2010 - 35
Morningstar Advisor - June/July 2010 - 36
Morningstar Advisor - June/July 2010 - Bonds We Like
Morningstar Advisor - June/July 2010 - 38
Morningstar Advisor - June/July 2010 - 39
Morningstar Advisor - June/July 2010 - 40
Morningstar Advisor - June/July 2010 - 41
Morningstar Advisor - June/July 2010 - 42
Morningstar Advisor - June/July 2010 - What Does Harry Markowitz Think?
Morningstar Advisor - June/July 2010 - 44
Morningstar Advisor - June/July 2010 - 45
Morningstar Advisor - June/July 2010 - 46
Morningstar Advisor - June/July 2010 - 47
Morningstar Advisor - June/July 2010 - 48
Morningstar Advisor - June/July 2010 - 49
Morningstar Advisor - June/July 2010 - 50
Morningstar Advisor - June/July 2010 - 51
Morningstar Advisor - June/July 2010 - Escape From the Pack
Morningstar Advisor - June/July 2010 - 53
Morningstar Advisor - June/July 2010 - 54
Morningstar Advisor - June/July 2010 - 55
Morningstar Advisor - June/July 2010 - 56
Morningstar Advisor - June/July 2010 - Four Picks for the Present
Morningstar Advisor - June/July 2010 - 58
Morningstar Advisor - June/July 2010 - 59
Morningstar Advisor - June/July 2010 - Rising Rates Could Affect Equities, Too
Morningstar Advisor - June/July 2010 - 61
Morningstar Advisor - June/July 2010 - 62
Morningstar Advisor - June/July 2010 - The Banking Sector Knocks on Wood
Morningstar Advisor - June/July 2010 - 64
Morningstar Advisor - June/July 2010 - 65
Morningstar Advisor - June/July 2010 - Back to Basics
Morningstar Advisor - June/July 2010 - 67
Morningstar Advisor - June/July 2010 - On the Prowl for Smooth Operators
Morningstar Advisor - June/July 2010 - 69
Morningstar Advisor - June/July 2010 - Mutual Fund Analyst Picks
Morningstar Advisor - June/July 2010 - 71
Morningstar Advisor - June/July 2010 - 72
Morningstar Advisor - June/July 2010 - 73
Morningstar Advisor - June/July 2010 - 50 Most Popular ETFs
Morningstar Advisor - June/July 2010 - 75
Morningstar Advisor - June/July 2010 - Undervalued Stocks With Wide Moats
Morningstar Advisor - June/July 2010 - 77
Morningstar Advisor - June/July 2010 - 78
Morningstar Advisor - June/July 2010 - New at Morningstar
Morningstar Advisor - June/July 2010 - R-E-S-P-E-C-T
Morningstar Advisor - June/July 2010 - Cover3
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