Course correction: with fears of an economic about-face how can you keep your fund portfolio on the right track?THE FIRST SIX MONTHS OF 2006 OFFERED LITTLE encouragement for mutual fund investors. Stock funds rose in the first quarter then sank in the second, winding up with average returns around 3% for the period. On the bond side, investors barely broke even as their income distributions were offset by falling share prices in the face of rising interest rates. To guard against such times of sluggishness and possible market corrections Market correction A relatively short-term drop in stock market prices, generally viewed as bringing overpriced stocks back to a level closer to companies' actual values. , Kaye Kaye , Danny 1913-1987. American entertainer known for his comedic roles in such motion pictures as Wonder Man (1944) and The Secret Life of Walter Mitty (1946). and Nick Flores Flores, town, Guatemala Flores (flōrəs), town (1990 est. pop. 2,200), capital of Petén department, N Guatemala. Flores was built on an island in the southern part of Lake Petén Itzá and on the site of the of Altadena, California Altadena is an unincorporated census-designated place in Los Angeles County, California approx. 14 miles from the downtown Los Angeles Civic Center. The population was 42,610 at the 2000 census. , spread their assets around. "Counting our retirement plans, the money held in taxable accounts, and the money in our children's accounts, we hold 14 different funds," says Kaye, 44, a marketing executive at a healthcare firm. The Floreses have been investing in mutual funds since the 1980s. "We invest in our funds three times each month," says Kaye. "That includes the money I invest at work, in the 403(b) plan." This plan, similar to a 401(k), allows her to defer de·fer 1 v. de·ferred, de·fer·ring, de·fers v.tr. 1. To put off; postpone. 2. To postpone the induction of (one eligible for the military draft). v.intr. some income (and some income tax) by putting money into a mix of funds. "We don't don't 1. Contraction of do not. 2. Nonstandard Contraction of does not. n. A statement of what should not be done: a list of the dos and don'ts. really miss the money we're we're Contraction of we are. we're we are investing," she says, because the outlays Outlays Payments on obligations in the form of cash, checks, the issuance of bonds or notes, or the maturing of interest coupons. become just like any other item in the family budget. The couple picks their funds with the help of Arnetta Tolley Tolley can refer to: People
Please [ improve this article] or discuss the issue on the talk page. firm based in St. Louis Louis, titular duke of Burgundy Louis, 1682–1712, titular duke of Burgundy; grandson of King Louis XIV of France. He became heir to the throne on the death (1711) of his father, Louis the Great Dauphin. . "We meet with her once each quarter," says Nick 46, a semi-retired network engineer who is launching a new business, N.S. One Spa and Salon Salon, annual exhibition of art works chosen by jury and presented by the French Academy since 1737; it was originally held in the Salon d'Apollon of the Louvre. By the mid-19th cent. the Salon had become an expression of conservative, established tastes in art. , in Altadena Altadena (ăltədē`nə), uninc. residential city (1990 pop. 42,658), Los Angeles co., S Calif., just N of Pasadena, on the slopes of the San Gabriel Mts.; founded 1887. There is light manufacturing. . "We may bring in funds for her opinion, or she might recommend some funds for us." The Floreses currently have some 85% of their mutual fund assets Fund assets The total value of a portfolio's securities, cash, and other holdings, minus any outstanding debts. in stock funds while 15% is in fixed-income and cash. Among the stock funds, 49% is in growth, 36% is in growth-and-income, and 20% is in global and international funds. They own a number of American Funds  Please see the discussion on the talk page. prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Tolley. The couple also owns Capital World Growth and Income Fund, which is a "conservative cousin" of New Perspective. Other holdings include The Investment Company of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. , Fundamental Investors, and The Growth Fund of America, all of which emphasize domestic stocks. Though the results for the first half of 2006 may have been unexciting, they could have been much worse. As of early August, there had not been a market correction--a decline in market price of at least 10%, but no more than 20%--in more than two years. But today's triple threats of higher interest rates, inflation, and energy costs make such a correction a strong possibility in 2007. In times like these, where can you turn to get sustained mutual fund performance? While it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have hard to predict which types of funds will do well, John Coumarianos, an analyst at Morningstar Inc., recommends investing in mutual funds that are diversified diversified (di·verˑ·s among different asset classes emphasizing past performance and experienced management. Coumarianos recommends looking into foreign stocks. Morningstar's category of Pacific/Asia stock funds that excludes Japan was up 13.68% in the first half, followed by Latin Lat·in n. 1. a. The Indo-European language of the ancient Latins and Romans and the most important cultural language of western Europe until the end of the 17th century. b. American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of (13.20%) and European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. (13.14%) stock funds, as investors continued to find better values and opportunities outside the U.S. Foreign stock funds have outperformed domestic entries every year since 2001. Other categories investors should consider include: * Precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. . These types of funds were the big winners, gaining 22.50% in the first half of this year. They invest heavily in mining stocks, especially gold mines. "Gold is viewed as an inflation hedge Inflation hedge Investments designed to hedge against inflation and the loss of purchasing power associated with it. inflation hedge An investment with a value directly related to the level of general price changes. ," says Coumarianos. Inflation worries have contributed to higher gold prices in recent years; higher gold prices, in turn, have boosted the share prices of mining companies and the mutual funds owning their stocks. * Real Estate/Energy. Strong returns also were posted by real estate funds (up 12.44%) and natural resources funds (11.95%), which have large holdings of energy stocks. Real estate, oil, and natural gas are all expected to gain value in inflationary in·fla·tion·ar·y adj. Of, associated with, or tending to cause inflation: inflationary prices; inflationary policies. Adj. 1. times, so these funds were popular. If you're you're Contraction of you are. you're you are you're be worried about a correction in 2007 driven by higher inflation, you might want to hold such funds in your portfolio. * Small companies. Among domestic funds, the small-value and small-blend (which hold a mix of small-company growth and value stocks Value stocks Stocks with low price/book ratios or price/earnings ratios. Historically, value stocks have enjoyed higher average returns than growth stocks (stocks with high price/book or P/E ratios) in a variety of countries. ) categories led the way, both gaining about 7% in the first half. While the superior performance of precious metals, real estate, and natural resources funds can be attributed to inflation concerns, what explains the strong results from foreign stocks and, to a lesser extent, small U.S. companies? After all, even the domestic giants struggled much of the year. Funds holding large-company growth stocks, the darlings of the 1990s bull market, lost more than 1% in 2006, through June June: see month. . "We're still seeing some rebound rebound (rē´bownd), n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective from the late 1990s," says Coumarianos. "Back then, investors invested heavily in large growth stocks, especially tech stocks. Foreign stocks and small-cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock stocks were all but forgotten, so they became undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. ." The bear market of 2000 to 2002 demolished de·mol·ish tr.v. de·mol·ished, de·mol·ish·ing, de·mol·ish·es 1. To tear down completely; raze. 2. To do away with completely; put an end to. 3. tech stocks, so investors turned to small caps See Small capital and foreign stocks, trends that continue to run. "Some foreign companies, especially in Asia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , participate in metals, mining, or oil," says Coumarianos. "Those industries are attracting investors now after many years of neglect." In addition, investors learned the risks of overloading In programming, the ability to use the same name for more than one variable or procedure, requiring the compiler to differentiate them based on context. (language) overloading - (Or "Operator overloading"). on one type of mutual fund, so diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. into lesser-known areas has gained popularity. PROVERBIAL pro·ver·bi·al adj. 1. Of the nature of a proverb. 2. Expressed in a proverb. 3. Widely referred to, as if the subject of a proverb; famous. PROFITS Another fan of American Funds is Kevin Davis Kevin Davis may refer to:
A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. with Consolidated Financial Services in Dallas Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. . "I used to be a recruiter," he says, "and I heard that it was hard to place money managers with that company. Only the top people got jobs there." Such selectivity selectivity /se·lec·tiv·i·ty/ (se-lek-tiv´i-te) in pharmacology, the degree to which a dose of a drug produces the desired effect in relation to adverse effects. selectivity 1. has resulted in investment success. "The funds might be the turtle turtle, a reptile of the order Chelonia, with strong, beaked, toothless jaws and, usually, an armorlike shell. The shell normally consists of bony plates overlaid with horny shields. rather than the hare," says Davis. "They may not have the best returns in any one year, but they'll they'll Contraction of they will. they'll will finish first over a long race." Among Davis' clients hoping to reach the winner's circle win·ner's circle n. pl. winners' circles An enclosed area at a racetrack where the winning horse and jockey are brought for awards and publicity. Noun 1. is Lawrence Lawrence. 1 City (1990 pop. 26,763), Marion co., central Ind., a residential suburb of Indianapolis, on the West Fork of the White River. It has light manufacturing. 2 City (1990 pop. 65,608), seat of Douglas co., NE Kans. Powell Powell See Osceola. , 42, senior pastor of Agape agape In the New Testament, the fatherly love of God for humans and their reciprocal love for God. The term extends to the love of one's fellow humans. The Church Fathers used the Greek term to designate both a rite using bread and wine and a meal of fellowship that included Family Worship Center in Rahway, New Jersey. "We have three children, ages 11 to 15, so some of my investing is intended to help pay college bills," he says. "At the same time, I'm investing for my own retirement, which is long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. . And I'd like to leave an inheritance inheritance, in law inheritance, in law: see heir. inheritance, in biology inheritance, in biology: see heredity. inheritance Devolution of property on an heir or heirs upon the death of its owner. , too. As it says in Proverbs Proverbs, book of the Bible. It is a collection of sayings, many of them moral maxims, in no special order. The teaching is of a practical nature; it does not dwell on the salvation-historical traditions of Israel, but is individual and universal based on the 13:22, 'A good man leaves an inheritance for his children's children.'" To accomplish these multiple goals, Powell invests in mutual funds through his employer's 403(b) plan, where he has been maximizing contributions, and also invests in tax-advantaged 529 college savings plans for his children. "I'm mainly using stock funds for my retirement," he says, "because the long-term returns are likely to be greatest there. But I'm somewhat conservative with the funds in the college account." Powell was an even more conservative investor up until a few years ago. "I explained that he has about 20 years until retirement," says Davis, "and he can live for many years after that, so he really needs to invest with a long time horizon. Therefore, we have increased his stake in stock funds." Historically, the long-term results from stock funds top those from bond funds. Some of the American Funds on Powell's list are the same as those held by the Floreses: Growth Fund of America, Capital World Growth and Income, Fundamental Investors, and New Perspective. But there are others as well. "Lawrence invests in New World and SMALLCAP World funds," says Davis, "to get a good mix of non-U.S, stocks. Companies are doing well overseas, so investors can feel more comfortable with international funds." On the domestic side, Powell also has AMCAP AMCAP Association of Mormon Counselors and Psychotherapists AMCAP Antique Motor Coach Association of Pennsylvania AMCAP American Martial Arts Character Achievement Program Fund, which holds large-growth stocks. "In addition, he invests in American Balanced Fund Balanced Fund A mutual fund that invests its assets into the money market, bonds, preferred stock, and common stock with the intention to provide both growth and income. Also known as an asset allocation fund. ," says Davis, "which is more conservative because it holds bonds as well as stocks." What funds might appeal to investors who are worried about a correction next year? "Funds that tend to do better during market corrections are those that focus on providing income as part of their overall objective," says Davis. "Such funds maybe found in the growth-and-income, equity income, and balanced categories." Davis' list of funds that have done well during previous market corrections include American Balanced, as well as The Income Fund of America and Capital Income Builder, two funds that hold dividend-paying stocks and bonds. (The latter fund has more global exposure.) Davis also cites American Mutual Fund and Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. Investors Fund, two stock funds that hold large companies likely to pay dividends. "As always," he says, "part of a good investment program to offset market corrections would be a diversified portfolio that is not overweighted in any one industry." IN SEARCH OF INCOME It's no surprise that interest rates are rising and are expected to continue doing so in the coming year. Coumarianos says investors should keep some money in bond funds even though the rising rates should devalue bonds. "An intermediate-term Intermediate-term Typically one-ten years. intermediate-term Of or relating to an investment with an expected holding period somewhere between short-term and long-term. bond fund can be a core holding," he says, "offering reasonable income with moderate risk Funds such as PIMCO PIMCO Pacific Investment Management Company Total Return Fund and Fidelity Intermediate Bond Fund may be good choices." PIMCO Commodity RealReturn Strategy Fund also rates a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. mention from Coumarianos. "It tracks the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Commodity Index so you get broad exposure to commodities, including oil and gas," he says. Coumarianos also says there's value in large-cap Large-cap A stock with a high level of capitalization, usually at least $5 billion market value. large-cap 1. Of or relating to the common stock of a big corporation that has considerable retained earnings and a large amount of domestic stocks, particularly those companies who have protected their competitive positions. His picks in the large-cap growth area include T. Rowe Price T. Rowe Price (NASDAQ: TROW) is an independent global investment management firm and mutual fund manager based in Baltimore, Maryland. It was founded in 1937 by Thomas Rowe Price, Jr.. T. New America Growth, Vanguard Vanguard Any of three unmanned U.S. experimental satellites. Vanguard I (1958), the second U.S. satellite placed in orbit around Earth (after Explorer 1), was a tiny 3.25-lb (1.47-kg) sphere with two radio transmitters. Growth Equity Fund, and USAA USAA United Services Automobile Association USAA Urban Superintendents Association of America USAA United States Achievement Academy USAA United States Arbitration Act of 1925 USAA United States Axemen's Association USAA United States Air-Table-Hockey Association Aggressive Growth. In the large-cap value category, picks include ICAP (1) (Internet Content Adaptation Protocol) A high-level protocol for requesting services from an Internet-based server. iCAP provides a common format for requesting services using standard HTTP messaging. Select Equity Fund, Sound Shore Fund, and Weitz Value Fund. A well-diversified mutual fund portfolio for these uncertain times should include old reliables such as large U.S. companies and high-quality bonds as well as new favorites Another term for bookmarks, which was popularized by Microsoft's Internet Explorer browser. See favicon and Internet Explorer. that range from foreign stocks to small companies. A small (perhaps 5%) allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as to commodities and a similar allocation to a real estate fund might provide valuable protection in case inflation heats up and the market turns down. Although inflation fears and geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. concerns have shaken
Shaken (車剣, also known as kurumaken) are a type of Shuriken stock markets lately, Tolley has little inclination inclination, in astronomy, the angle of intersection between two planes, one of which is an orbital plane. The inclination of the plane of the moon's orbit is 5°9' with respect to the plane of the ecliptic (the plane of the earth's orbit around the sun). to cut back on stocks in anticipation of a possible correction, especially for investors who are in it for the long haul Long distance. Long haul implies traversing a state or a country. Contrast with short haul. . "When stock prices fall," she says, "there are buying opportunities. At any kind of store, when is the best time to go shopping? During the semi-annual sales."
B.E.'S BEST-PERFORMING MUTUAL FUNDS
TICKER 1-YEAR
FUN NAME SYMBOL RETURN
Large Growth
Marsico 21st Century MXXIX 23.41%
Columbia Marsico 21st A NMTAX 22.63
Amana Trust Growth AMAGX 19.81
Fidelity Fifty FFTYX 18.56
Dreyfus Prem Alpha Gr C BSFCX 16.35
Mid Growth
Delaware American Ser A DASAX 11.35
Baron Partners BPTRX 20.06
Columbia Acorn Z ACRNX 16.44
Columbia Acorn Select Z ACTWX 17.28
Munder Mid-Cap Core Gr Y MGOYX 12.41
Small Growth
Royce Value Plus Service RYVPX 30.00
William Blair Sm-Cp Gr N WBSNX 11.75
UMB Scout Small Cap UMBHX 16.16
Excelsior Small Cap UMLCX 18.03
First Amer Sm Cap Sel Y ARSTX 21.93
Large Blend
MassMutual Sel Foc Val S MFVSX 4.43
Penn St Adv Sect Rot A PSRPX 12.95
Janus Contrarian JSVAX 22.05
CGM Mutual LOMMX 13.62
Mairs & Power Growth MPGFX 8.03
Mid Blend
Fidelity Adv LevCo Stk A FLSAX 18.65
Fidelity Leverage Co Stk FLVCX 20.58
CGM Focus CGMFX 26.45
RS Value RSVAX 10.68
Kinetics Paradigm WWNPX 20.67
Small Blend
Bridgeway Ul-Sm Co Mkt BRSIX 15.07
Keeley Small Cap Value KSCVX 31.10
Royce Value Service RYVFX 22.15
Stratton Small-Cap Value STSCX 16.21
Pacific Adv Small Cap A PASMX 44.49
Large Value
Yacktman Focused YAFFX 3.68
Yacktman YACKX 3.82
Hancock Horiz Value Tr HHGTX 16.13
Fidelity Adv Cyclical Indst A FCLAX 22.33
Pioneer Cullen Value A CVFCX 14.73
Mid Value
ICON Materials ICBMX 35.29
Nuveen NWQ Multi-Cp Val R NQVRX 17.77
Alliancebern Sm-Mid Cap Val A ABASX 12.19
Delafield DEFIX 15.18
Quaker Mid-Cap Value A QMCVX 10.32
Small Value
James Small Cap JASCX 15.59
DFA U.S. Small Cap Value II DFAVX 20.13
Mainstay Small Cap Opp I MOPIX 9.91
Pacific Cap Small Cap A PCSAX 15.76
DFA U.S. Small Cap Value DFSVX 19.77
Moderate Allocation
Bruce BRUFX 19.98
Waddell & Reed Adv Asset Stat A UNASX 38.80
Ivy Asset Strategy C WASCX 36.08
ING T. Rowe Price Cap App S ITCSX 9.74
T. Rowe Price Cap Apprec PRWCX 9.09
World Stock
Polaris Global Value PGVFX 19.00%
Oakmark Global I OAKGX 20.47
Templeton Global Sm Co. A TEMGX 14.10
Vanguard Global Equity VHGEX 22.33
Evergreen Glob Opport A EKGAX 29.16
Foreign Large Growth
Columbia Marsico Intl Opp Z NMOAX 32.65
Fidelity Adv Div Intl A FDVAX 25.78
Marsico Intl Opp MIOFX 31.62
Principal Inv Intl Gr Instl PITIX 31.85
Janus Overseas JAOSX 52.33
Foreign Large Blend
Fidelity Canada FICDX 27.34
Allianz NACM Intl Instl NAISX 39.76
Alliancebern Intl Gr A AWPAX 25.11
Rochdale Atlas RIMAX 32.24
Fidelity Intl Disc FIGRX 26.99
Long-Term Government
American Cen. Target Mat 2025 Inv BTTRX -12.65
American Cen. Target Mat 2020 Adv BTTTX -9.48
American Cen. Target Mat 2015 Inv BTFTX -5.84
Wasatch-Hoisington U.S. Treasury WHOSX -10.65
PIMCO Long-Term U.S. Gov't In PGOVX -7.18
Intermediate Government
American Cen. Target Mat 2010 Inv BTTNX -2.10
Huntington Mtg Sec Tr HMTGX 0.97
DFA Intermediate Govt F/I DFIGX -2.22
BlackRock Govt Inc Inv A CCGAX -2.03
PIMCO Total Return Mortgage Inst PTRIX 0.33
Short-Term Government
Federated Mortgage Inst FGFIX 0.14
Analytic S/T Gov Inc Inst ANSTX 1.80
Managers Interm Dur Govt MGIDX -0.16
Marshall Govt Inc Inv MRGIX 0.46
Allegiant Govt Mortgage I AUSIX -0.02
Long-Term Corporate Bond
Loomis Sayles Invm Gr F/I LSIGX 3.52
Delaware Extended Duration Bond A DEEAX -6.70
Croft-Leominster Income CLINX 0.75
Vanguard Long-Term Bond Index VBLTX -6.79
Vanguard Long-Term Invest.-Grade VWESX -7.70
Short-Term Bond
Phoenix Multi-Sector S/T Bd A NARAX 1.58
Thompson Plumb Bond THOPX 0.95
BIackRock Interm Bd Instl PNBIX 0.18
Ivy Mortgage Securities A IYMAX 0.17
Diversified Short Horlnstl DISHX 1.94
High-Yield Bond
Loomis Sayles Instl Hilnc LSHIX 8.99
Fidelity Real Est H/I F0000U * 6.40
Delaware Pooled High-Yield DPHYX 5.58
WM High Yield A CPHYX 10.66
VALIC II High Yield Bond F06PMT * 9.94
Muni Nat'l Intermediate
Phoenix Ins Tax-Ex Bond Instl HXBIX 0.83
Evergreen Intm Muni Bd Instl ESTIX -0.25
Delaware Tax-Free USA Interm. A DMUSX 0.58
Elfun Tax-Exempt Income ELFTX 1.02
Vanguard Hi-Yld T/E VWAHX 1.77
3-YEAR 5-YEAR
FUN NAME RETURN RETURN
Large Growth
Marsico 21st Century 20.65% 12.93%
Columbia Marsico 21st A 20.47 12.52
Amana Trust Growth 21.74 8.40
Fidelity Fifty 10.16 7.61
Dreyfus Prem Alpha Gr C 13.23 7.45
Mid Growth
Delaware American Ser A 17.32 14.37
Baron Partners 29.89 14.37
Columbia Acorn Z 21.94 12.31
Columbia Acorn Select Z 15.89 11.75
Munder Mid-Cap Core Gr Y 20.28 10.82
Small Growth
Royce Value Plus Service 28.78 22.75
William Blair Sm-Cp Gr N 20.82 14.16
UMB Scout Small Cap 20.30 12.35
Excelsior Small Cap 20.67 11.97
First Amer Sm Cap Sel Y 20.24 11.15
Large Blend
MassMutual Sel Foc Val S 11.72 10.98
Penn St Adv Sect Rot A 17.24 9.75
Janus Contrarian 23.56 9.73
CGM Mutual 18.67 9.11
Mairs & Power Growth 13.00 9.05
Mid Blend
Fidelity Adv LevCo Stk A 27.14 24.64
Fidelity Leverage Co Stk 27.77 24.27
CGM Focus 29.43 21.11
RS Value 25.93 17.59
Kinetics Paradigm 24.31 16.56
Small Blend
Bridgeway Ul-Sm Co Mkt 21.65 22.35
Keeley Small Cap Value 29.79 18.02
Royce Value Service 26.44 17.16
Stratton Small-Cap Value 25.54 16.72
Pacific Adv Small Cap A 39.03 16.62
Large Value
Yacktman Focused 9.28 14.51
Yacktman 9.82 13.47
Hancock Horiz Value Tr 20.12 11.80
Fidelity Adv Cyclical Indst A 24.34 11.55
Pioneer Cullen Value A 19.20 11.16
Mid Value
ICON Materials 31.37 16.63
Nuveen NWQ Multi-Cp Val R 20.15 14.51
Alliancebern Sm-Mid Cap Val A 19.83 14.23
Delafield 18.43 13.73
Quaker Mid-Cap Value A 22.80 13.61
Small Value
James Small Cap 22.98 18.00
DFA U.S. Small Cap Value II 26.83 16.94
Mainstay Small Cap Opp I 25.41 16.92
Pacific Cap Small Cap A 23.57 16.68
DFA U.S. Small Cap Value 26.50 16.66
Moderate Allocation
Bruce 35.59 30.82
Waddell & Reed Adv Asset Stat A 20.37 12.68
Ivy Asset Strategy C 18.88 11.60
ING T. Rowe Price Cap App S 14.15 10.49
T. Rowe Price Cap Apprec 13.22 10.12
World Stock
Polaris Global Value 23.15% 16.83%
Oakmark Global I 20.73 16.52
Templeton Global Sm Co. A 24.51 14.71
Vanguard Global Equity 22.96 13.55
Evergreen Glob Opport A 28.61 12.90
Foreign Large Growth
Columbia Marsico Intl Opp Z 23.01 13.31
Fidelity Adv Div Intl A 23.35 13.01
Marsico Intl Opp 22.94 12.97
Principal Inv Intl Gr Instl 27.17 12.57
Janus Overseas 33.29 11.83
Foreign Large Blend
Fidelity Canada 27.87 18.98
Allianz NACM Intl Instl 31.33 16.20
Alliancebern Intl Gr A 27.30 14.56
Rochdale Atlas 27.32 13.89
Fidelity Intl Disc 25.46 13.10
Long-Term Government
American Cen. Target Mat 2025 Inv 3.42 8.94
American Cen. Target Mat 2020 Adv 2.34 8.45
American Cen. Target Mat 2015 Inv 1.37 7.51
Wasatch-Hoisington U.S. Treasury 1.93 6.77
PIMCO Long-Term U.S. Gov't In 1.35 6.70
Intermediate Government
American Cen. Target Mat 2010 Inv 0.48 5.85
Huntington Mtg Sec Tr 4.03 5.44
DFA Intermediate Govt F/I 0.75 5.42
BlackRock Govt Inc Inv A 1.27 5.37
PIMCO Total Return Mortgage Inst 3.09 5.28
Short-Term Government
Federated Mortgage Inst 2.44 4.43
Analytic S/T Gov Inc Inst 2.64 4.42
Managers Interm Dur Govt 2.25 4.37
Marshall Govt Inc Inv 3.07 4.35
Allegiant Govt Mortgage I 2.32 4.08
Long-Term Corporate Bond
Loomis Sayles Invm Gr F/I 6.66 11.02
Delaware Extended Duration Bond A 3.40 8.44
Croft-Leominster Income 4.30 6.69
Vanguard Long-Term Bond Index 1.91 6.61
Vanguard Long-Term Invest.-Grade 1.96 6.61
Short-Term Bond
Phoenix Multi-Sector S/T Bd A 3.23 5.33
Thompson Plumb Bond 2.85 4.94
BIackRock Interm Bd Instl 1.49 4.73
Ivy Mortgage Securities A 2.32 4.55
Diversified Short Horlnstl 3.52 4.39
High-Yield Bond
Loomis Sayles Instl Hilnc 14.11 13.22
Fidelity Real Est H/I 11.25 12.32
Delaware Pooled High-Yield 11.00 11.82
WM High Yield A 10.76 11.25
VALIC II High Yield Bond 13.28 11.10
Muni Nat'l Intermediate
Phoenix Ins Tax-Ex Bond Instl 2.62 5.26
Evergreen Intm Muni Bd Instl 2.90 5.13
Delaware Tax-Free USA Interm. A 3.32 5.11
Elfun Tax-Exempt Income 3.17 4.98
Vanguard Hi-Yld T/E 4.03 4.93
MINIMUM INITIAL
FUN NAME INVESTMENT PHONE
Large Growth
Marsico 21st Century $2,500 888-860-8686
Columbia Marsico 21st A 1,000 800-321-7854
Amana Trust Growth 250 800-728-8762
Fidelity Fifty 2,500 800-343-3548
Dreyfus Prem Alpha Gr C 1,000 800-554-4611
Mid Growth
Delaware American Ser A 1,000 800-523-1918
Baron Partners 2,000 800-442-3814
Columbia Acorn Z 75,000 800-345-6611
Columbia Acorn Select Z 50,000 800-345-6611
Munder Mid-Cap Core Gr Y 1,000,000 800-438-5789
Small Growth
Royce Value Plus Service 2,000 800-221-4268
William Blair Sm-Cp Gr N 5,000 800-635-2886
UMB Scout Small Cap 1,000 800-996-2862
Excelsior Small Cap 500 800-446-1012
First Amer Sm Cap Sel Y 0 800-677-3863
Large Blend
MassMutual Sel Foc Val S 1,000,000 888-309-3539
Penn St Adv Sect Rot A 2,000 866-207-5175
Janus Contrarian 2,500 800-525-3713
CGM Mutual 2,500 800-343-5678
Mairs & Power Growth 2,500 800-304-7404
Mid Blend
Fidelity Adv LevCo Stk A 10,000 877-208-0098
Fidelity Leverage Co Stk 10,000 800-343-3548
CGM Focus 2,500 800-343-5678
RS Value 5,000 800-766-3863
Kinetics Paradigm 2,500 800-930-3828
Small Blend
Bridgeway Ul-Sm Co Mkt 2,000 800-661-3550
Keeley Small Cap Value 1,000 888-933-5391
Royce Value Service 2,000 800-221-4268
Stratton Small-Cap Value 2,000 800-472-4266
Pacific Adv Small Cap A 1,000 800-989-6693
Large Value
Yacktman Focused 2,500 800-525-8258
Yacktman 2,500 800-525-8258
Hancock Horiz Value Tr 1,000 800-259-1926
Fidelity Adv Cyclical Indst A 2,500 877-208-0098
Pioneer Cullen Value A 1,000 877-485-8586
Mid Value
ICON Materials 1,000 800-764-0442
Nuveen NWQ Multi-Cp Val R 3,000 800-257-8787
Alliancebern Sm-Mid Cap Val A 2,500 800-221-5672
Delafield 5,000 800-221-3079
Quaker Mid-Cap Value A 2,000 800-220-8888
Small Value
James Small Cap 2,000 800-995-2637
DFA U.S. Small Cap Value II 2,000,000 310-395-8005
Mainstay Small Cap Opp I 5,000,000 800-624-6782
Pacific Cap Small Cap A 1,000 800-258-9232
DFA U.S. Small Cap Value 2,000,000 310-395-8005
Moderate Allocation
Bruce 1,000 800-872-7823
Waddell & Reed Adv Asset Stat A 500 800-366-5465
Ivy Asset Strategy C 500 800-777-6472
ING T. Rowe Price Cap App S 0 800-366-0066
T. Rowe Price Cap Apprec 2,500 800-638-5660
World Stock
Polaris Global Value $2,500 888-263-5594
Oakmark Global I 1,000 800-625-6275
Templeton Global Sm Co. A 1,000 800-342-5236
Vanguard Global Equity 3,000 800-662-6273
Evergreen Glob Opport A 1,000 800-343-2898
Foreign Large Growth
Columbia Marsico Intl Opp Z 1,000 800-321-7854
Fidelity Adv Div Intl A 2,500 877-208-0098
Marsico Intl Opp 2,500 888-860-8686
Principal Inv Intl Gr Instl 0 800-547-7754
Janus Overseas 2,500 800-525-3713
Foreign Large Blend
Fidelity Canada 2,500 800-343-3548
Allianz NACM Intl Instl 5,000,000 800-927-4648
Alliancebern Intl Gr A 2,500 800-227-4618
Rochdale Atlas 1,000 800-245-9888
Fidelity Intl Disc 2,500 800-544-6666
Long-Term Government
American Cen. Target Mat 2025 Inv 2,500 800-345-2021
American Cen. Target Mat 2020 Adv 2,500 800-345-2021
American Cen. Target Mat 2015 Inv 2,500 800-345-2021
Wasatch-Hoisington U.S. Treasury 2,000 800-551-1700
PIMCO Long-Term U.S. Gov't In 5,000,000 800-927-4648
Intermediate Government
American Cen. Target Mat 2010 Inv 2,500 800-345-2021
Huntington Mtg Sec Tr 1,000 800-253-0412
DFA Intermediate Govt F/I 2,000,000 310-395-8005
BlackRock Govt Inc Inv A 1,000 800-441-7762
PIMCO Total Return Mortgage Inst 5,000,000 800-927-4648
Short-Term Government
Federated Mortgage Inst 100,000 800-341-7400
Analytic S/T Gov Inc Inst 2,500 866-777-7818
Managers Interm Dur Govt 2,000 800-548-4539
Marshall Govt Inc Inv 1,000 800-236-3863
Allegiant Govt Mortgage I 0 800-622-3863
Long-Term Corporate Bond
Loomis Sayles Invm Gr F/I 3,000,000 888-226-9699
Delaware Extended Duration Bond A 1,000 800-362-7500
Croft-Leominster Income 2,000 800-551-0990
Vanguard Long-Term Bond Index 3,000 800-997-2798
Vanguard Long-Term Invest.-Grade 3,000 800-997-2798
Short-Term Bond
Phoenix Multi-Sector S/T Bd A 500 800-243-4361
Thompson Plumb Bond 2,500 800-999-0887
BIackRock Interm Bd Instl 2,000,000 800-441-7762
Ivy Mortgage Securities A 500 800-777-6472
Diversified Short Horlnstl 5,000 800-755-5801
High-Yield Bond
Loomis Sayles Instl Hilnc 3,000,000 888-226-9699
Fidelity Real Est H/I 2,000,000 800-544-8888
Delaware Pooled High-Yield 1,000,000 800-231-8002
WM High Yield A 1,000 800-222-5852
VALIC II High Yield Bond 0 800-448-2542
Muni Nat'l Intermediate
Phoenix Ins Tax-Ex Bond Instl 100,000 800-243-1574
Evergreen Intm Muni Bd Instl 1,000,000 800-343-2898
Delaware Tax-Free USA Interm. A 1,000 800-523-1918
Elfun Tax-Exempt Income 500 800-242-0134
Vanguard Hi-Yld T/E 3,000 800-997-2798
SOURCE: MORNINGSTAR INC. MORNINGSTAR MAKES EVERY EFFORT TO ENSURE
THE ACCURACY AND COMPLETENESS OF THIS DATA. BUT CANNOT GUARANTEE
IT. TOP FUNDS IN EACH CATEGORY. RANKED BY FIVE-YEAR RETURNS. OPEN
TO THE PUBLIC. RETURNS THROUGH JUNE 30, 5006.
* IDENTIFIERS ASSIGNED BY MORNINGSTAR FOR FUNDS WITH NO
EXCHANGE-ASSIGNED TICKERS.
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