Foreign powers: with many investors anticipating an off year for the market, where can you find funds that will beat expectations?FOR MANY MUTUAL FUND INVESTORS, 2005 WAS A disappointing year. Domestic stock funds gained less than 7% on average, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Chicago-based Morningstar Inc., while bond funds returned about 2%. Both categories wound up far below their 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. annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. results. Investors with broader horizons, though, had reason to celebrate, as virtually every type of foreign stock fund posted solid gains: * The average international stock fund gained 17.39%. * The farther you ventured from familiar paths, the better. Funds that invested in so-called so-called adj. 1. Commonly called: "new buildings ... in so-called modern style" Graham Greene. 2. "emerging markets" (developing nations) returned 31.61%, while one subcategory--Latin 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 funds--posted a torrid 53.43% gain. * Asian funds were robust, too, with Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and entries up 32.86%. * Although European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. funds lagged behind their Asian competitors, they still returned 13.25%--more than double the results of U.S. stock funds. Will foreign stocks continue to rule the world in 2006? "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 tell whether international stock funds will have another good year," says John Coumarianos, an analyst at Morningstar. "We are pleased to see U.S. investors increasing their exposure to foreign stocks because there probably will be long-term advantages. On the other hand, we fear there might be a lot of performance chasing now. Investors are going into international stock funds because recent returns have been so strong. An asset class that has had a strong run may not continue to be a leader." Regardless of the near-term near-term adj. Of, for, or involving a short period of time in the near future. outlook, investors generally should include some international funds in their portfolios. Over decades, according to Coumarianos, a global group of funds group of funds See family of funds. may deliver superior results with less risk, compared with a domestic portfolio. OFFSHORE ON THE RISE Why were non-U non-U adj. Chiefly British Not characteristic of the upper class, especially in language usage. [non- + U2. .S. stocks the big winners last year? "To some degree, the outperformance of foreign stocks in 2005 was a valuation story," says Brian The name Brian (sometimes spelled Bryan) comes from an Irish backround. It is of Celtic origin and its meaning may be "hill" or "strong, noble, and high"[1]. Gendreau, investment strategist strat·e·gist n. One who is skilled in strategy. Noun 1. strategist - an expert in strategy (especially in warfare) strategian market strategist - someone skilled in planning marketing campaigns for ING Investment Management in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . That is, companies outside the U.S. looked less expensive than domestic companies when comparing stock prices to corporate earnings. As the year went on, though, foreign stock prices rose faster than U.S. stock prices so the valuations converged, reducing the appeal of foreign stocks. "Then there was a pickup Pickup A gain in yield made by selling one bond and buying another. Also referred to as "yield pickup." Notes: When the present yield is relatively low compared to the longer-term yields, pickups will be done by investors trying to increase the yield and duration of their in growth in Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). and
Japan at year-end year-end also year·endn. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. , which helped those stocks," says Gendreau. "Also, companies in Europe and Japan appear to be restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). with some success." Some Western European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. , for example, are outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. labor to Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. , reducing costs and thus boosting profits--a process investors find appealing. With such developments, the run-up run-up or run·up n. An often sudden increase: a run-up in interest rates; a run-up in food prices; a run-up in house values. Noun 1. in international stock funds "may have more legs," according to Gendreau. As for emerging markets, Asian funds won favor in part because of the growth prospects of countries such as China and India India, officially Republic of India, republic (2005 est pop. 1,080,264,000), 1,261,810 sq mi (3,268,090 sq km), S Asia. The second most populous country in the world, it is also sometimes called Bharat, its ancient name. India's land frontier (c. , while 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 funds  Please see the discussion on the talk page. Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. have substantial oil resources, which attracted investors to those economies in 2005. Ongoing cell phone demand and continued strength in oil prices could extend the strong performance of emerging market funds. HEADING FOR HOME? Domestic markets are also difficult to forecast. "For several years, 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 and value funds have led the way," Coumarianos says. Value funds seek undervalued stocks An undervalued stock is defined as a stock that is selling at a price significantly below its intrinsic value (finance). For example, if a stock is selling for $50, but can be determined to be worth $100 based on future cash flows, then it is an undervalued stock. , compared with growth funds, which attempt to invest in companies where earnings are growing rapidly. Last year, Coumarianos says, leadership rotated rotated turned around; pivoted. rotated tibia see rotated tibia. to mid-caps--those companies in between the biggest and smallest players. Mid-cap Mid-cap Short for "Middle Cap," mid cap refers to stocks with a market capitalization of between $2 billion to $10 billion. Notes: As the name implies, a mid-cap is in the middle of the pack. A mid-cap isn't too big, but at the same time has a relatively decent market cap. growth, blend (growth and value combinations), and value funds returned 9.64%, 9.22%, and 8.36%, respectively, in 2005, which were the best results of all diversified diversified (di·verˑ·s U.S. fund categories. "Toward the end of the year, 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 growth funds were very strong," Coumarianos says. "It's possible this trend will continue and large-growth will have excellent results in 2006." Similarly, Gendreau is encouraged by the prospects of the large-cap U.S. issues that have lagged since 2000. "Earnings recently have been strong for major corporations, yet the markets have not reacted," he says. "Therefore, valuations for large-cap stocks, especially growth stocks, have become more attractive." What might make markets react to the improved prospects of large-cap growth funds? "The catalyst could be a sign that the Federal Reserve has stopped raising interest rates. Such a move would be like a Good Housekeeping Good Housekeeping is a women's magazine owned by the Hearst Corporation, featuring articles about women's interests, product testing by The Good Housekeeping Institute, recipes, diet, health as well as literary articles. Seal of Approval for the economy, indicating there's little danger of inflation in the near term," says Gendreau. "Four of the last five times that the Fed stopped tightening, U.S. equity markets went up sharply." TOO MUCH OF A GOOD THING What portion of your mutual fund dollars should you ship outside the country? Although some investment pros recommend steep allocations, Joe Outlaw, president of PenTrust Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , does not want to go overboard to go to an extreme; to overdo; as, he went overboard at the buffet and got an upset stomach s>. See also: Overboard overseas. "I think 20% of your portfolio is enough," he says. "International funds are doing well, so we're we're Contraction of we are. we're we are moving clients' money there if they have too little in foreign stocks. There may be more opportunity outside the U.S. now. Still, 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. like clients to have too much of their money in one category because you don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. what will happen from one year to the next." Among Outlaw's clients are Karen and Keith Compton of Glendale, California Glendale is a city in Los Angeles County, California, United States. It lies at the eastern end of the San Fernando Valley, is bisected by the Verdugo Mountains, and is an important suburb in the Greater Los Angeles Area. , who invest in Oppenheimer Global Fund. "We want to be well-diversified, and international investments should be included," says Karen, 40, director of business development at a local architectural firm An architectural firm is a company which employs one or more licensed architects and practices the profession of architecture. History Architects (master builders) have existed since early in recorded history. The earliest recorded architects include Imhotep (c. . "Besides, our global fund has done well." Indeed, Oppenheimer Global, whose biggest holdings are large companies in the United Kingdom and Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). , returned nearly 14% in 2005 and almost 25% per year for the past three years. This fund, though, is only one of a half dozen funds now owned by the Comptons. "We started to invest with Joe back in the early 1990s," says Keith, 41, chief finance and administration analyst for Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County. "Our goals then were to pay off our college loans, pay for our wedding, and buy a home. Thanks to our mutual fund investments, we have met all of those goals and far exceeded what we had hoped to accomplish." ALL IN ONE FAMILY The Comptons' fund lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. now includes other Oppenheimer funds such as: Discovery (which holds small-company stocks), Main Street (large companies), Quest Balanced (bonds and stocks of large companies), Small- and Mid-Cap Value, and Strategic Income (various types of bonds). "Joe recommended a few fund families, and we did our own research," says Karen. "We've decided to use Oppenheimer because the company's funds have been consistent performers." Outlaw generally recommends Oppenheimer, Putnam, or American Funds to his clients. "If you're in those families," he says, "you can change from one fund to another without having to pay a sales charge Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select ." (There may be taxable gains Taxable Gain The portion of a sale that is liable to taxation. Notes: When redistributing mutual fund shares that have increased in value, returns may be subject to taxation. See also: Capital gain, Income Tax , though.) In some cases, changing mutual funds makes sense or provides comfort to investors. "I'm a conservative investor," says Karen. "When the stock market went down sharply after the Internet bubble See dot-com bubble. burst, I wanted to have everything in bond funds." Outlaw says he recommended the Comptons keep about 30% of their portfolio in stock funds, rather than leave the market entirely. "A couple of years ago, the market began to improve, so we started to move their money back into stocks. Now they have about 70% in stock funds," Outlaw says. "We'll probably stay around that percentage, investing most of their money in stock funds, because this year should be a good year for equities." WHERE THE VALUES ARE That's not to say that Outlaw is bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish on all segments of the stock market. "I pulled my own money out of Oppenheimer Real Asset Fund," he says. "And I'm advising clients who own the fund to do the same. That fund does well when the price of oil goes up but I think we've gotten all the mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his we can from oil price increases." Clients in other fund families may try moving out of oil-heavy funds into foreign favorites Another term for bookmarks, which was popularized by Microsoft's Internet Explorer browser. See favicon and Internet Explorer. such as Putnam Voyager Voyager, airplane Voyager, the first airplane to circumnavigate the earth nonstop on a single load of fuel. Designed by Burt Rutan and flown by Dick Rutan and Jeana Yeager, Voyager took off from California on Dec. , which "has been picking up lately," says Outlaw, and American Funds' EuroPacific Growth, which is a "tremendous fund." EuroPacific, too, has returned more than 24% a year for the last three years. Outlaw is also upbeat about domestic stocks this year. "Once Ben Bernanke replaces Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. as head of the Federal Reserve, interest rates probably will level off," he says. "That will be a big help for U.S. stocks; small-cap and value funds, which have led recently, still look good, while a lot of technology companies may do well. I also continue to like real estate; the next time I meet with the Comptons, I may suggest they invest 5% to 10% of their portfolio in a real estate fund." No matter which funds the Comptons choose, based on Outlaw's suggestions and their own research, they plan to invest regularly. "For years," says Keith, "we've arranged for automatic investments from our bank account to our mutual funds. That way we don't think the money is ours to spend." Such periodic investing, known as dollar-cost averaging dollar-cost averaging Investment of a fixed amount of money at regular intervals, usually each month. This process results in the purchase of extra shares during market downturns and fewer shares during market upturns. , is a proven way to build up fund holdings over the long term at a reduced per-share cost. In fact, the Comptons are so enthusiastic about mutual fund investing that they've already opened up tax-advantaged 529 accounts for both of their young children. "Oppenheimer has a Scholar's Edge plan we like," says Karen. "Our children have so many years until college that we can invest aggressively, seeking high returns. Spreading the money around five different funds helps to reduce risk." STARTING FROM SCRATCH Sometimes, though, risks are worth taking. Just ask Rosemary rosemary [ultimately from Lat.,=dew of the sea], widely cultivated evergreen and shrubby perennial (Rosmarinus officinalis) of the family Labiatae (mint family), fairly hardy and native to the Mediterranean region. It has small light-blue flowers. Speed, 46, a customer service representative at a federal agency in Buffalo, New York. "I had been playing the lottery lottery, scheme for distributing prizes by lot or other method of chance selection to persons who have paid for the opportunity to win. The term is not applicable when lots are drawn without payment by the interested parties to determine some matter, e.g. for about eight years," she recalls. "Then, in 2003, I won first prize--$1 million." Winning $1 million in New York's lottery is not like receiving 10,000 $100 bills one day. "I was going to receive $50,000 per year," says Speed. "After tax, that would have been around $33,000." New York law permits lottery winners to sell their future income stream to a third party, which is what Speed did, pocketing $520,000 pre-tax. "I used some of that money to buy a house," says Speed. "The rest I've invested, mainly in mutual funds. My goal is to have enough money for a comfortable retirement, around age 60." Speed's five mutual funds combine to form a well-balanced portfolio. "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. is always the No. 1 thing we look for when tailoring a selection of mutual funds for a client," says Deborah Jordan, a financial planner Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. with Ameriprise Financial Ameriprise Financial, Inc. (NYSE: AMP) is a company offering financial advice and products. It is the successor to American Express Financial Advisors (AEFA), which was a subsidiary of the American Express Company. in Williamsville, New York Williamsville is a village in Erie County, New York in the United States. The population was 5,573 at the 2000 census. The village is named after Jonas Williams, an early settler. , who advises Speed. "We usually include international exposure because of the opportunity for enhanced returns and the diversification benefits of investing in foreign stocks." In particular, Jordan has suggested that Speed invest in Templeton Foreign fund, which holds large companies based in Japan, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , and Europe. "This is a tried-and-true fund with a long, established track record," she says. "The managers don't do anything exotic, but they produce steady returns for investors." The other funds in Speed's portfolio are also proven entities. She holds George Putnam George Putnam may refer to:
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. that owns big-name stocks such as ExxonMobil and Citigroup along with high-quality bonds. "This fund has been a strong performer since 1937," says Jordan, "so we're confident it will continue to do well." Among Speed's other holdings is Eaton-Vance Tax-Managed Dividend Income Fund. As the name suggests, this fund invests in stocks such as Marathon Oil Marathon Oil Corporation NYSE: MRO, based in Houston, Texas, is a worldwide oil and natural gas exploration and production company. Principal exploration activities are in the United States, Norway, Equatorial Guinea, Angola and Canada. and Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. that pay hefty heft·y adj. heft·i·er, heft·i·est 1. Of considerable weight; heavy. 2. Rugged and powerful. See Synonyms at heavy. 3. dividends. At press time, its yield was nearly 5%, greater than the yield on Treasury bonds. What's more, the fund is "tax-managed," meaning that its managers employ tactics designed to reduce taxable distributions to shareholders. "For additional tax-efficiency," says Jordan, "we invest in Eaton Vance Eaton Vance is an American financial services company headquartered in Boston, MA. It is traded on the New York Stock Exchange under the symbol EV.[1] At the end of the second quarter of the 2006 fiscal year, the company had assets under management of $118.8 billion. New York Municipals Fund." As is the case with all municipal bond funds Municipal Bond Fund A mutual fund that invests in municipal bonds, operating either as an investment trust or as an open-end fund. Notes: Because the bonds are local government issues, they usually help to maximize tax-exempt income. , it delivers income that's exempt from federal income tax. This fund, moreover, holds only New York issues so the bond interest is exempt from state income tax as well. The final ingredient in Speed's blended portfolio is Evergreen evergreen, term commonly used as synonymous with conifer and applied also to all those broad-leaved plants that bear green leaves throughout the year. Of the latter, most are plants of the tropics, subtropics, and other areas where the growing season is prolonged (e. Special Values. "This fund looks for small, undervalued companies undervalued company A firm whose assets and potential earning power are not adequately reflected in its stock price. Although such firms are more likely to be subject to takeover attempts than others, determining whether a particular firm is actually ," says Jordan, "and it is another excellent long-term performer." Through 2005, it had returned more than 15% a year for the previous 10 years. No one fund, or even a variety of funds, can guarantee such impressive long-term results. The best strategy is to hold a diversified portfolio, making sure to include some foreign stock funds in the mix. Investors who hold solid funds in different categories may well be smiling at the end of 2006, no matter what this year might bring.
B.E.'S TOP 100 MUTUAL FUND PERFORMERS
1-YR 3-YR
CATEGORY FUND NAME TICKER RETURN % RETURN %
Large Growth Legg Mason Growth LMGTX 2.33 21.57
Trust Primary
Dreyfus Premier BSFAX 15.32 16.18
Alpha Growth T
Columbia Marsico NMTAX 7.98 25.06
21st Century A
Dreyfus Premier BSFCX 14.73 15.71
Alpha Growth C
Dreyfus Premier BSFBX 14.71 15.65
Alpha Growth B
Mid-Cap Delaware American DASAX 4.64 24.25
Growth Services A
Legg Mason LMOPX 6.70 26.81
Opportunity Prime
Meridian Growth MERDX 0.33 19.31
Baron BIOPX 7.05 32.70
iOpportunity
Wells Fargo STDIX 7.24 19.73
Advantage
Discovery Inv
Large Blend Oppenheimer Main OMSOX 6.84 19.16
St Opportunity A
Oppenheimer Main OMSCX 6.06 18.26
St Opportunity C
Oppenheimer Main OMOBX 6.00 18.17
St Opportunity B
Mairs & Power MPGFX 4.37 15.87
Growth
Penn St Advisors PSRPX 9.92 21.97
Sector Rotational
A
Mid-Cap Blend Fidelity Advisor FLSAX 17.25 40.49
Leveraged Co Stk
A
Fidelity FLVCX 17.47 42.11
Leveraged Company
Stock
Fidelity Advisor FLSTX 16.93 40.05
Leveraged Co Stk
T
CGM Focus CGMFX 25.37 32.84
Fidelity Advisor FLCBX 16.33 39.43
Leveraged Co Stk
B
Small Blend Bridgeway BRSIX 4.08 30.91
Ultra-Small
Company Market
Satuit Capital SATMX 14.20 30.61
Micro Cap A
Keeley Small Cap KSCVX 16.12 29.07
Value
Pacific Advisors PASMX 8.64 39.57
Small Cap A
The Boston STSVX 7.34 26.12
Company Small Cap
Value
Large Value Yacktman YACKX -1.30 13.02
Yacktman Focused YAFFX -1.83 12.47
John Hancock PZFVX 8.81 19.22
Classic Value A
Pioneer Cullen CVFCX 13.34 21.33
Value A
Oakmark Select I OAKLX 4.84 14.06
Mid-Cap Value Fidelity Select FSHOX 9.36 26.52
Construction &
Housing
Delafield DEFIX 6.00 21.53
Quaker Mid-Cap OMCVX 5.62 28.40
Value A
Janus Mid Cap JMCVX 10.36 22.09
Value Investor
Fidelity Value FDVLX 14.27 23.02
Small Value Fifth Third MXAIX -0.31 27.67
Microcap Value
Instl.
DFA U.S. Small DFAVX 8.07 29.50
Cap Value II
DFA U.S. Small DFSVX 7.79 29.16
Cap Value
Pacific Capital PCSAX 8.04 27.56
Small Cap A
Mainstay Small MOPIX 11.14 29.05
Cap Opportunity I
Moderate Bruce BRUFX 7.69 41.35
Allocation T. Rowe Price PRWCX 6.85 15.62
Capital
Appreciation
Oakmark Equity & OAKBX 8.60 13.87
Income I
Diamond Hill DIAMX 21.46 20.38
Focus Long-Short
A
Greenspring GRSPX 6.57 15.01
World Stock Oakmark Global I OAKGX 13.23 24.95
Polaris Global PGVFX 10.52 26.19
Value
Templeton Global TEMGX 7.70 27.76
Smaller Comp A
Templeton Global TESGX 6.78 26.75
Smaller Comp C
Vanguard Global VHGEX 11.77 24.71
Equity
Foreign Large Fidelity Advisor FDVAX 18.99 25.93
Growth Diversified Intl
A
Fidelity Advisor FADIX 18.70 25.57
Diversified Intl
T
Columbia Marsico MAIOX 19.74 25.16
Intl Opp A
Marsico MIOFX 19.14 25.44
International
Opportunities
Fidelity Advisor FADCX 18.09 24.92
Diversified Intl
C
Foreign Large Fidelity Canada FICDX 27.89 34.03
Blend AllianceBernstein AWPAX 19.82 29.02
Intl Growth A
Exeter World EXWAX 11.33 22.24
Opportunities A
AllianceBernstein AWPCX 19.03 28.05
Intl Growth C
AllianceBernstein AWPBX 18.95 28.03
Intl Growth B
Long American Century BTTRX 14.48 10.78
Government Target Mat 2025
Inv
American Century ACTVX 14.19 10.49
Target Mat 2025
Adv
American Century BTTTX 10.29 8.67
Target Mat 2020
Inv
American Century ACTEX 10.06 8.40
Target Mat 2020
Adv
PIMCO Real Return PRRDX 2.18 6.26
D
Intermediate Vanguard VIPSX 2.59 6.26
Government Inflation-
Protected Secs
American Century ACITX 2.40 5.87
Inflat-Adj Bd Inv
American Century AIAVX 2.21 5.63
Inflat-Adj Bd Adv
BlackRock CCGAX 1.96 2.97
Government Inc
Inv A
PIMCO GNMA A PAGNX 2.80 3.15
Short Managers MGIDX 1.74 3.03
Government Intermediate
Duration Govt
Marshall MRGIX 2.33 3.21
Government Income
Inv
Accessor Mortgage AMSFX 2.04 2.75
Securities Adv
Marshall MGVIX 2.09 2.98
Government Income
Adv
Allegiant ARSAX 1.97 2.59
Government
Mortgage A
Long-Term Delaware Extended DEEAX 2.85 9.21
Bond Duration Bond A
Delaware Extended DEEBX 2.09 8.35
Duration Bond B
Delaware Extended DEECX 2.09 8.34
Duration Bond C
Vanguard Long- VWESX 5.13 6.77
Term Investment-
Grade
Vanguard Long- VBLTX 5.32 6.40
Term Bond Index
Short-Term Phoenix Multi- NARAX 1.00 4.95
Bond Sector S/T Bd A
Phoenix Multi- PSTCX 0.99 4.88
Sector S/T Bd C
Ivy Mortgage IYMAX 2.31 3.53
Securities A
Thompson Plumb THOPX -0.06 5.41
Bond
Phoenix Multi- PBARX 0.75 4.52
Sector S/T Ed B
Intermediate- Delaware DGCAX 1.84 7.13
Term Bond Corporate Bond
A
Delaware DPDFX -0.74 7.40
Diversified
Income A
Calvert Income A CFICX 3.47 7.36
Delaware DGCCX 1.08 6.33
Corporate Bond C
Delaware DGCBX 1.09 6.34
Corporate Bond B
Muni National Delaware Tax-Free DMUSX 3.45 4.83
Intermediate USA Intermediate
A
Harris Insight HXBAX 2.58 3.77
Tax-Exempt Bond N
American Funds AFTEX 3.35 4.30
Tax-Exempt Bond A
State Farm Tax SFTAX 2.35 3.89
Advantaged Bond A
Evergreen EKEAX 3.65 4.51
Municipal Bond A
High-Yield Columbia High NAHAX 1.66 14.23
Bond Income A
Fidelity Advisor FAHDX 4.69 19.99
High Inc Advant A
Pioneer High TAHYX 2.35 13.02
Yield A
Fidelity Advisor FAHYX 4.60 19.90
High Inc Advant T
WM High Yield A CPHYX 6.59 15.01
MINIMUM
5-YR INITIAL
CATEGORY FUND NAME RETURN % PURCHASE PHONE
Large Growth Legg Mason Growth 8.83 $1,000 800-822-5544
Trust Primary
Dreyfus Premier 7.69 1,000 800-554-4611
Alpha Growth T
Columbia Marsico 7.50 1,000 800-321-7854
21st Century A
Dreyfus Premier 7.22 1,000 800-645-6561
Alpha Growth C
Dreyfus Premier 7.19 1,000 800-645-6561
Alpha Growth B
Mid-Cap Delaware American 14.66 1,000 800-523-1918
Growth Services A
Legg Mason 11.92 1,000 800-822-5544
Opportunity Prime
Meridian Growth 9.88 1,000 800-446-6662
Baron 9.84 2,000 800-992-2766
iOpportunity
Wells Fargo 9.46 2,500 800-368-1030
Advantage
Discovery Inv
Large Blend Oppenheimer Main 10.53 1,000 800-525-7048
St Opportunity A
Oppenheimer Main 9.71 1,000 800-525-7048
St Opportunity C
Oppenheimer Main 9.63 1,000 800-525-7048
St Opportunity B
Mairs & Power 8.76 2,500 800-304-7404
Growth
Penn St Advisors 8.14 2,000 866-207-5175
Sector Rotational
A
Mid-Cap Blend Fidelity Advisor 24.05 10,000 877-208-0098
Leveraged Co Stk
A
Fidelity 23.82 10,000 800-343-3548
Leveraged Company
Stock
Fidelity Advisor 23.68 10,000 877-208-0098
Leveraged Co Stk
T
CGM Focus 23.26 2,500 800-345-4048
Fidelity Advisor 23.17 10,000 877-208-0098
Leveraged Co Stk
B
Small Blend Bridgeway 23.88 2,000 800-661-3550
Ultra-Small
Company Market
Satuit Capital 21.40 1,000 800-567-4030
Micro Cap A
Keeley Small Cap 17.47 1,000 888-933-5391
Value
Pacific Advisors 17.25 0 800-989-6693
Small Cap A
The Boston 16.61 100,000 800-221-4795
Company Small Cap
Value
Large Value Yacktman 13.95 2,500 800-525-8258
Yacktman Focused 13.89 2,500 800-525-8258
John Hancock 12.40 1,000 800-225-5291
Classic Value A
Pioneer Cullen 10.93 1,000 800-225-6292
Value A
Oakmark Select I 10.37 1,000 800-625-6275
Mid-Cap Value Fidelity Select 17.33 2,500 800-343-3548
Construction &
Housing
Delafield 17.03 5,000 800-221-3079
Quaker Mid-Cap 14.49 2,000 800-220-8888
Value A
Janus Mid Cap 13.77 2,500 800-525-3713
Value Investor
Fidelity Value 13.66 2,500 800-343-3548
Small Value Fifth Third 20.72 1,000 800-282-5706
Microcap Value
Instl.
DFA U.S. Small 19.39 2,000,000 310-395-8005
Cap Value II
DFA U.S. Small 19.11 2,000,000 310-395-8005
Cap Value
Pacific Capital 18.82 1,000 800-258-9232
Small Cap A
Mainstay Small 18.80 5,000,000 800-624-6782
Cap Opportunity I
Moderate Bruce 30.45 1,000 800-872-7823
Allocation T. Rowe Price 11.37 2,500 800-638-5660
Capital
Appreciation
Oakmark Equity & 11.27 1,000 800-625-6275
Income I
Diamond Hill 10.65 10,000 888-226-5595
Focus Long-Short
A
Greenspring 9.53 2,000 800-366-3863
World Stock Oakmark Global I 18.05 1,000 800-625-6275
Polaris Global 16.35 2,500 888-263-5594
Value
Templeton Global 13.33 1,000 800-342-5236
Smaller Comp A
Templeton Global 12.46 1,000 800-342-5236
Smaller Comp C
Vanguard Global 12.00 3,000 800-997-2798
Equity
Foreign Large Fidelity Advisor 9.43 $2,500 877-208-0098
Growth Diversified Intl
A
Fidelity Advisor 9.10 2,500 877-208-0098
Diversified Intl
T
Columbia Marsico 9.04 1,000 800-321-7854
Intl Opp A
Marsico 8.96 2,500 888-860-8686
International
Opportunities
Fidelity Advisor 8.55 2,500 877-208-0098
Diversified Intl
C
Foreign Large Fidelity Canada 15.81 2,500 800-343-3548
Blend AllianceBernstein 10.52 2,500 800-227-4618
Intl Growth A
Exeter World 10.19 2,000 800-466-3863
Opportunities A
AllianceBernstein 9.72 2,500 800-227-4618
Intl Growth C
AllianceBernstein 9.68 2,500 800-227-4618
Intl Growth B
Long American Century 9.78 2,500 800-345-2021
Government Target Mat 2025
Inv
American Century 9.49 2,500 800-378-9878
Target Mat 2025
Adv
American Century 8.95 2,500 800-345-2021
Target Mat 2020
Inv
American Century 8.68 2,500 800-378-9878
Target Mat 2020
Adv
PIMCO Real Return 8.64 5,000 800-426-0107
D
Intermediate Vanguard 8.53 3,000 800-997-2798
Government Inflation-
Protected Secs
American Century 8.02 2,500 800-345-2021
Inflat-Adj Bd Inv
American Century 7.76 2,500 800-345-3533
Inflat-Adj Bd Adv
BlackRock 6.23 500 800-441-7762
Government Inc
Inv A
PIMCO GNMA A 5.88 5,000 800-426-0107
Short Managers 5.14 2,000 800-548-4539
Government Intermediate
Duration Govt
Marshall 4.92 1,000 800-236-3863
Government Income
Inv
Accessor Mortgage 4.72 5,000 800-759-3504
Securities Adv
Marshall 4.68 1,000 800-236-3863
Government Income
Adv
Allegiant 4.58 500 800-622-3863
Government
Mortgage A
Long-Term Delaware Extended 10.98 1,000 800-523-1918
Bond Duration Bond A
Delaware Extended 10.13 1,000 800-523-1918
Duration Bond B
Delaware Extended 10.12 1,000 800-523-1918
Duration Bond C
Vanguard Long- 8.59 3,000 800-997-2798
Term Investment-
Grade
Vanguard Long- 8.30 3,000 800-997-2798
Term Bond Index
Short-Term Phoenix Multi- 6.03 500 800-243-4361
Bond Sector S/T Bd A
Phoenix Multi- 5.88 500 800-243-4361
Sector S/T Bd C
Ivy Mortgage 5.68 500 800-777-6472
Securities A
Thompson Plumb 5.61 2,500 800-999-0887
Bond
Phoenix Multi- 5.52 500 800-243-4361
Sector S/T Ed B
Intermediate- Delaware 8.86 1,000 800-523-1918
Term Bond Corporate Bond
A
Delaware 8.28 1,000 800-362-7500
Diversified
Income A
Calvert Income A 8.22 2,000 800-368-2748
Delaware 8.05 1,000 800-523-1918
Corporate Bond C
Delaware 8.05 1,000 800-523-1918
Corporate Bond B
Muni National Delaware Tax-Free 5.73 1,000 800-523-4640
Intermediate USA Intermediate
A
Harris Insight 5.60 1,000 800-982-8782
Tax-Exempt Bond N
American Funds 5.37 250 800-421-0180
Tax-Exempt Bond A
State Farm Tax 5.37 250 800-447-4930
Advantaged Bond A
Evergreen 5.30 1,000 800-343-2898
Municipal Bond A
High-Yield Columbia High 10.47 1,000 800-321-7854
Bond Income A
Fidelity Advisor 10.42 2,500 877-208-0098
High Inc Advant A
Pioneer High 10.40 1,000 800-225-6292
Yield A
Fidelity Advisor 10.33 2,500 877-208-0098
High Inc Advant T
WM High Yield A 10.22 1,000 800-222-5852
TOP FIVE FUNDS IN 20 CATEGORIES (SINGLE-SHARE CLASS, RETAIL ONLY--NO
EQUAL ACCESS, NO INSTITUTIONAL, OPEN TO NEW INVESTORS) DATA THROUGH
12/31/2005
SOURCE: MORNINGSTAR INC.
MORNINGSTAR MAKES EVERY EFFORT TO ENSURE THE ACCURACY AND COMPLETENESS
OF THIS DATA, BUT CANNOT GUARANTEE IT.
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