Morningstar Advisor - December 2013/January 2014 - (Page 76)

By the Numbers: ETFs 50 Most-Popular Equity ETFs Morningstar's analysis of exchange-traded funds now harnesses the rigorous, bottom-up research that our 100-plus equity analysts conduct in order to estimate the fair value of stock ETFs. By comparing our fair value estimate for an ETF's portfolio with the fund's market price, we can better gauge whether an ETF is cheap, dear, or reasonably priced. In so doing, we can help you profit from inviting opportunities as they arise. The table lists the 50 most-popular equity ETFs, ranked by assets under management. A Morningstar Valuation Rating of Undervalued means the ETF is trading at a significant discount to our estimate of its intrinsic worth. A rating of Overvalued means the ETF is trading at a significant premium to our fair value estimate. We rate Fairly Valued any ETF that trades in between. The fair value estimate is the aggregate, asset-weighted fair value of the stocks in an ETF portfolio that are under coverage by Morningstar equity analysts, divided by the ETF's shares outstanding. Depending on the coverage rate, the fair value estimate may not include all of the stocks in the portfolio. As such, when calculating our estimate, we assume that all stocks not under coverage are trading at fair value. Morningstar's exchange-traded securities team analyzes the fundamental attractiveness of hundreds of ETFs. Our extensive ETF research is available in Morningstar Principia and Morningstar Office. Name Morningstar Category Style Box Morningstar Rating SPDR S&P 500 Vanguard FTSE Emerging Markets ETF iShares MSCI EAFE iShares Core S&P 500 ETF iShares MSCI Emerging Markets Large Blend Diversified Emerging Mkts Foreign Large Blend Large Blend Diversified Emerging Mkts È ÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ PowerShares QQQ Vanguard Total Stock Market ETF iShares Russell 2000 ETF iShares Core S&P Mid-Cap ETF iShares Russell 1000 Growth ETF Large Growth Large Blend Small Blend Mid-Cap Blend Large Growth É iShares Russell 1000 Value ETF Vanguard Dividend Appreciation ETF Vanguard REIT Index ETF Vanguard FTSE Developed Markets ETF SPDR S&P MidCap 400 Large Value Large Blend Real Estate Foreign Large Blend Mid-Cap Blend Ç Financial Select Sector SPDR iShares Select Dividend iShares Core S&P Small-Cap ETF SPDR S&P Dividend ETF Technology Select Sector SPDR Financial Mid-Cap Value Small Blend Large Value Technology Ç Vanguard S&P 500 ETF iShares MSCI Japan Vanguard Growth ETF Vanguard FTSE Europe ETF Vanguard Value ETF Large Blend Japan Stock Large Growth Europe Stock Large Value È SPDR Dow Jones Industrial Average Vanguard FTSE All-World exWisdomTree Japan Hedged Equity iShares Russell Mid-Cap ETF Energy Select Sector SPDR Large Value Foreign Large Blend Japan Stock Mid-Cap Blend Equity Energy È iShares S&P 500 Growth iShares Russell 1000 ETF Vanguard Small Cap ETF Health Care Select Sector SPDR Industrial Select Sector SPDR Large Growth Large Blend Small Blend Health Industrials É Market Vectors Gold Miners ETF ALPS Alerian MLP ETF Consumer Discret Select Sector SPDR Vanguard High Dividend Yield Indx ETF Consumer Staples Select Sector SPDR Equity Precious Metals Equity Energy Consumer Cyclical Large Value Consumer Defensive Ë iShares MSCI EMU Index Vanguard Mid-Cap ETF iShares S&P 500 Value iShares Russell 2000 Growth ETF iShares Russell 2000 Value ETF Europe Stock Mid-Cap Blend Large Value Small Growth Small Value È JPMorgan Alerian MLP Index ETN iShares MSCI Brazil Capped Guggenheim S&P 500 Equal Weight iShares MSCI Germany Utilities Select Sector SPDR Equity Energy Latin America Stock Large Blend Miscellaneous Region Utilities - Data as of Oct. 31, 2013 76 Morningstar Advisor December/January 2014 È È È È È Î Ë É È Ë È Ë Ê Î Ç É È É È Ç È È Ë Ç È Î É È Ê É Ç È Ì Ç Ï Í È È È Ç ÙÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙ Ù ÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙ Ù ÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙ ÙÙÙÙÙ Ù ÙÙÙÙÙ - ÙÙÙ

Table of Contents for the Digital Edition of Morningstar Advisor - December 2013/January 2014

Morningstar Advisor - December 2013/January 2014
Letter From the Editor
What’s Your Purpose?
Working for Gen Y
How to Allocate College Savings
Mobius Looks to a New Frontier
Investments á la Carte
Investment Briefs
How to Manage Bonds for Today and Tomorrow
Cloud Is the New Engine of Growth
Knowing Where to Look
Economic Vulnerability Varies by Country
Factor Investing in Emerging Markets
Following the Rules
Exploring Indexing’s Next Frontiers
Frequent Fliers
Family Blind Spots
Optimal Portfolios for the Long Run
Finding Value in a Pricey Sector
Our Favorite Mutual Funds
50 Most-Popular Equity ETFs
Undervalued Stocks With Wide Moats
The Emerging-Markets Roller Coaster

Morningstar Advisor - December 2013/January 2014