(PUB) Investing 2015

12

Stocks Move Higher Market Overview | Robert Goldsborough

Benchmark Performance

Total Return % Through

A N N U A L I Z E D

05-29-15

1Mo YTD 3Yr

5Yr

10Yr

Large Growth Large Blend Large Value

1.7 5.2 18.9 15.9 8.5 1.3 3.1 18.7 15.0 7.5 0.9 2.2 18.2 14.3 6.9 1.9 6.4 18.6 15.6 9.2 1.3 4.2 19.1 14.9 8.4 1.2 3.6 19.8 14.9 8.5 2.7 6.0 18.8 15.8 9.2 1.3 3.1 18.0 14.2 8.2 0.7 1.9 17.5 13.0 7.9 0.5 3.9 13.9 11.3 6.3 0.0 2.1 7.1 7.1 5.0 0.5 3.0 11.7 10.2 6.2 0.5 6.1 15.2 12.7 6.1 1.2 3.1 19.1 11.2 3.2 -1.5 2.6 12.9 11.4 5.3 6.8 15.2 33.6 25.6 13.9 -3.3 2.0 3.1 3.6 5.6 -1.7 3.4 -19.7 -14.5 2.4 -0.2 -1.2 11.6 13.4 7.3 3.5 7.3 20.3 15.6 9.8 0.1 -1.5 13.3 13.3 8.4 1.3 3.3 19.6 16.5 8.1 1.8 5.6 19.9 16.5 10.1 2.2 3.9 19.5 15.0 8.7 -0.5 11.5 14.7 9.5 7.2 -2.7 4.2 5.9 3.9 7.8 0.9 9.6 16.6 11.4 6.8 0.1 8.9 14.0 9.2 5.6 0.5 9.2 13.9 10.3 6.4 -0.5 8.4 14.1 8.8 4.6 0.8 10.5 16.0 13.1 8.6 0.3 10.9 15.9 10.4 6.5 0.6 5.7 15.8 12.1 7.0 0.3 5.1 17.1 12.8 6.7 -4.1 4.7 5.1 3.5 7.9 0.2 9.5 15.4 10.0 5.5 -0.8 7.1 16.5 10.5 5.5 -7.3 -8.5 -9.7 -7.9 4.9 0.0 11.5 14.2 9.0 5.8 0.3 3.8 7.2 8.1 6.9 -0.8 1.0 -1.1 2.8 3.4 -0.2 1.1 2.8 4.2 4.4 -0.3 0.1 3.2 4.7 4.0

Mid-Cap Growth Mid-Cap Blend Mid-Cap Value

The party continued in May for U.S. stocks, which rose by 1% . Markets were heartened by solid jobs numbers and generally modest inflation readings. These results came even as investors continued to worry about a possible Fed rate increase and lack- luster economic activity around the world. U.S. crude oil prices ended May at about $60 a barrel, which was up slightly from the previous month. Meanwhile, U.S. bond prices were up slightly in May. The top-performing sector was health care, which surged more than 5% for the month in a rebound after the sector took something of a breather in April. That was good news for Vanguard Health Care VGHCX , which has a Morningstar Analyst Rating of Gold; it rose more than 3 . 38% in May. The information technology sector also enjoyed a rebound, returning more than 2 . 4% in May. Energy stocks lost 5% . During the month, foreign stocks registered divergent performance. In developed foreign markets, stocks were up slightly, while in emerging markets, stocks were down after an incredible rally during April. The MSCI Emerging Markets Index slid 4% to a eight- week low. Driving emerging-markets stocks down were Chinese brokerages tightening margin lending, higher-than-expected inflation in Brazil, and solid U.S. economic reports, which have resulted in higher bond yields and a stronger dollar. This emerging-markets weakness weighed on funds like Bronze-rated Vanguard Emerging Markets Stock Index VEIEX and Silver-rated Harding Loevner Emerging Markets HLEMX . Among emerging markets, stocks from Brazil were hardest hit. The U.S. bond market declined very slightly in May, as yields on the benchmark 10 -year Treasury were flat, and other government-bond yields were up by minimal amounts. The Barclays U.S. Aggregate Bond Index was down slightly for the month. K

Small Growth Small Blend Small Value

Aggressive Allocation Conservative Allocation Moderate Allocation

Communications

Financial

Global Real Estate

Health

Natural Resources

Equity Precious Metals

Real Estate Technology

Utilities

S&P 500

S&P MidCap 400

Russell 2000

Diversified Pacific/Asia Diversified Emerging Mkts

Europe Stock

Foreign Large Blend Foreign Large Growth Foreign Large Value

Foreign Small/Mid Growth Foreign Small/Mid Value

World Stock

MSCI World

MSCI Emerging Markets

MSCI EAFE MSCI Europe

MSCI Latin America

MSCI Pacific

High Yield Bond

Inflation-Protected Bond Intermediate-Term Bond

Muni National Long

World Bond -1.4 -1.3 1.5 3.4 4.0 BarCap US Agg Bond TR USD -0.4 0.7 2.1 3.7 4.4 BofAML US HY Master II TR 0.3 4.1 8.1 9.0 8.1 BarCap Municipal TR USD -0.3 0.2 3.1 4.5 4.5