Morningstar Advisor - December/January 2012 - (Page 72)

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 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 picks that are vastly different from each other. There were 172 Analyst Picks as of Oct. 31, 2011. 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 American Funds Washington Mutual A AWSHX Dodge & Cox Stock DODGX Fairholme FAIRX Sound Shore SSHFX T. Rowe Price Equity Income PRFDX Yacktman YACKX American Funds Fundamental Investors A ANCFX Clipper CFIMX Davis NY Venture A NYVTX FMI Large Cap FMIHX Longleaf Partners LLPFX Oakmark I OAKMX Oakmark Select I OAKLX Selected American Shares D SLADX Sequoia SEQUX Vanguard 500 Index Admiral VFIAX Vanguard Dividend Growth Inv VDIGX Vanguard Tax-Managed Capital App Adm VTCLX Vanguard Tax-Managed Growth & Inc Adm VTGLX Vanguard Total Stock Mkt Idx Adm VTSAX Weitz Partners Value WPVLX American Funds AMCAP A AMCPX ASTON/Montag & Caldwell Growth N MCGFX Harbor Capital Appreciation Instl HACAX Jensen Quality Growth J JENSX Morgan Stanley Focus Growth A AMOAX PRIMECAP Odyssey Growth POGRX T. Rowe Price New America Growth PRWAX Vanguard Capital Opportunity Inv VHCOX * Vanguard PRIMECAP Core Inv VPCCX * Vanguard PRIMECAP Inv VPMCX * Artisan Mid Cap Value Investor ARTQX * Longleaf Partners Small-Cap LLSCX * Perkins Mid Cap Value T JMCVX T. Rowe Price Mid-Cap Value TRMCX * Vanguard Selected Value Inv VASVX Ariel Appreciation CAAPX Fidelity Spartan Extended Mkt Index Inv FSEMX Osterweis OSTFX Vanguard Mid Cap Index Adm VIMAX Weitz Hickory WEHIX *Closed to new investors. Lg Value Ç Ç Ç Ç Ç È È É É È È È È É É È È È È È È É É É É É É É É É É Ê Ë Ë Ê Ê Ë Î Ë Ë Î 4.6 10.2 10.3 Z ÙÙÙ -3.9 2.5 10.3 — ÙÙÙÙ -23.4 -14.9 7.2 — ÙÙÙ -4.9 1.9 7.8 Z ÙÙÙ -2.1 5.7 9.9 — ÙÙÙÙÙ 5.3 8.8 21.9 Z Z Z Z X C C Z X Z X X X X Z C X ÙÙÙÙ Ù ÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ 0.2 -3.4 1.5 -1.4 -0.5 8.3 1.1 -3.3 -1.5 2.8 -2.0 2.3 0.2 -1.0 3.5 0.3 3.6 0.7 0.2 0.9 0.2 1.8 3.7 3.6 2.2 5.5 2.8 5.4 1.7 3.2 2.9 5.2 2.2 3.5 2.6 2.0 2.2 2.8 1.2 2.2 0.2 4.3 5.2 8.4 4.4 4.7 11.9 6.2 1.8 4.4 — 5.4 5.2 4.7 — 5.9 3.7 4.9 — — 4.7 4.3 4.8 3.1 4.1 3.9 4.5 — 5.6 7.2 — 6.8 12.0 9.6 9.1 9.4 8.3 6.4 8.2 6.4 — 6.6 2.5 1.5 1.3 0.7 1.9 0.9 1.6 1.0 1.2 1.0 0.5 0.6 0.2 1.6 0.2 1.9 2.0 1.5 1.9 1.9 0.0 0.4 0.5 0.2 1.1 0.0 0.1 0.2 0.4 1.0 0.9 0.7 0.4 0.7 1.8 1.6 0.0 1.1 1.0 1.2 0.0 17.8 23.5 26.9 20.6 21.8 21.9 19.6 21.9 21.6 18.9 23.4 22.7 23.0 21.8 17.2 19.6 15.4 19.9 19.6 20.3 20.7 19.9 16.4 18.4 17.8 23.3 21.8 19.8 22.9 20.2 20.3 21.5 24.1 18.0 21.9 20.9 29.6 24.1 14.2 22.6 21.0 -26.0 -35.7 -34.2 -35.3 -28.3 -21.9 -33.8 -33.0 -31.5 -24.2 -47.4 -31.8 -34.7 -31.1 -23.6 -29.6 -22.6 -31.5 -29.6 -31.1 -28.7 -29.9 -28.1 -30.5 -23.4 -44.8 -32.2 -37.4 -37.3 -31.2 -32.0 -35.8 -35.5 -28.6 -32.4 -31.6 -39.4 -37.1 -27.2 -38.3 -34.0 0.63 0.52 1.00 0.94 0.68 0.85 0.64 0.76 0.89 0.97 0.91 1.11 1.08 0.60 1.00 0.06 0.34 0.12 0.12 0.06 1.21 0.73 1.08 0.68 0.92 1.02 0.68 0.83 0.48 0.51 0.45 1.21 0.93 0.99 0.81 0.47 1.18 0.10 0.99 0.12 1.27 134 79 28 39 123 54 273 28 87 30 25 57 21 84 36 507 48 629 502 3,350 40 216 36 71 29 32 122 133 117 141 117 58 23 153 130 69 41 3,118 44 456 46 25 12 89 64 12 10 46,150 37,789 9,497 1,681 19,385 5,909 07/52 01/65 12/99 05/85 10/85 07/92 08/78 02/84 02/69 12/01 04/87 08/91 11/96 05/04 07/70 11/00 05/92 11/01 11/01 11/00 05/83 05/67 11/94 12/87 08/92 07/97 11/04 09/85 08/95 12/04 11/84 03/01 02/89 08/98 06/96 02/96 12/89 11/97 10/93 11/01 04/93 — ÙÙÙÙÙ — ÙÙÙÙÙ -2.0 1.7 -4.8 1.7 -0.6 2.1 3.6 -4.3 8.6 1.3 6.1 0.9 1.2 0.6 1.1 0.9 2.4 4.4 -1.0 0.8 0.3 1.6 -5.0 -0.4 -0.9 5.6 2.1 -1.9 -3.9 0.3 -5.4 -3.2 -5.9 -1.1 -0.1 4.1 9.6 2.6 7.7 5.4 6.7 7.3 3.1 12.1 8.1 11.6 8.1 8.0 8.0 7.8 7.5 8.6 10.6 4.3 5.6 5.1 11.1 1.9 5.8 4.8 12.0 13.1 5.2 3.9 7.7 2.4 7.0 -1.5 8.0 8.8 12.0 12.4 8.8 11.6 19.1 16.0 20.6 9.4 12.0 11.5 11.9 12.7 11.4 12.5 17.4 14.5 11.2 15.9 9.8 22.9 15.6 19.4 13.8 13.4 11.7 19.1 21.5 12.9 15.9 17.2 19.9 16.4 9.6 18.5 21.1 32 43,073 3 1,060 8 26,250 20 4,371 37 8,289 24 5,055 25 2,550 9 6,138 23 4,499 5 101,886 17 6,615 7 3,630 6 2,264 5 160,932 42 649 28 57 68 7 44 5 60 8 8 5 38 17 66 46 22 41 8 39 16 67 19,745 3,433 11,954 3,843 1,614 1,822 2,002 7,499 4,746 28,209 6,200 3,021 12,043 7,861 3,956 1,302 5,689 1,257 26,455 293 Lg Growth Lg Blend — ÙÙÙÙ — ÙÙÙ Z Z Z Z Z X Z X Z X C X X X ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙ Mid Value Mid Blend — ÙÙ 72 Morningstar Advisor December/January 2012

Table of Contents for the Digital Edition of Morningstar Advisor - December/January 2012

Morningstar Advisor - December/January 2012
Contents
Contributors
Letter From the Editor
Seduced by Complexity
Is China Exposure Important for a Portfolio?
A Niche Built on Trust
How to Find Your Client’s Investment Style
Taking the Long View
Consensus on Europe Elusive
Four Picks for the Present
Investment Briefs
Is Perception Reality for Active Managers?
Be Alert for Basic-Materials Bargains
Investment Boom Unsustainable
Digging Moats in China
Where China’s Domestic Companies Stand to Benefit
Arising Opportunities
China Strong Long Term
From Currency Manipulation to International Acceptance
The Keys to China’s Fortune
Wedgewood’s Lessons Pay Off
Reading the Evidence on Indexing
Scouting for Investments Abroad
Yield, Please (Hold the Europe)
Mutual Fund Analyst Picks
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
China Fund Managers Eat Elsewhere

Morningstar Advisor - December/January 2012