(PUB) Investing 2016

Morningstar FundInvestor Volume 24 , Number 7 Director of Manager Research and Editor Russel Kinnel Contributing Analysts Josh Charlson, Cara Esser, Robert Goldsborough, Laura Lallos Copy Editors Tori Brovet, Edward Cavanaugh, Thad Doria, Jennifer Ferone Gierat Designer Claudia Olariu Quality Assurance Vijay Appalla Publisher Peggy Seemann Director of Manager Research Active Strategies—North America Jon Hale Vice President of Research John Rekenthaler Director of Personal Finance Christine Benz Head of Global Research Haywood Kelly, CFA © 2016 Morningstar, Inc. All rights re- served. Reproduction by any means is prohibited. While data contained in this report are gathered from reliable sources, accuracy and completeness cannot be guaranteed.The publisher does not give investment advice or act as an investment advisor. All data, information, and opinions are subject to change without notice. Reprints of articles and information ap- pearing in this publication are available in quantity: reprints@morningstar.com Inquiries about your subscription? newslettersupport@morningstar.com Please address all correspondence to Peggy Seemann, Morningstar, Inc., 22 W. Washington Street, Chicago, IL 60602 . Occasionally, we make our subscriber list available to carefully screened companies that offer products and services that we believe would in- terest our readers. If you do not want to receive these offers and/or in- formation, please send your request by mail to: Morningstar, Inc. Attn: Circulation, 22 W. Washington St., Chicago, IL 60602. Morningstar FundInvestor (ISSN 1099- 0402) is published monthly by Morn- ingstar, Inc., 22 W. Washington Street, Chicago, IL 60602 . For address changes, please call our product support line at 312-424-4288 . For subscriptions call: toll-free 866-608-9570 . Periodicals postage paid at Chicago, IL and at additional mailing offices. POSTMASTER : Send address changes to Morningstar FundInvestor, 22 W. Washington Street, Chicago, IL 60602 . FSN 201603 (ISSN 1099-0402) This publication is printed on Cascades Rolland Enviro 100 Satin paper, which contains 100% postconsumer waste fiber and is manufactured using biogas energy.

Morningstar FundInvestor 22 W. Washington Street Chicago, Illinois 60602

Periodicals Postage P a i d Chicago, Illinois and additional offices

ADDRESS SERVICE REQUESTED

Morningstar ® Individual Investor Conference

Chicago 2016

Six Ways to a Better Investment Plan Mark your calendar! You won’t want to miss the 2016 Morningstar Individual Investor Conference. Join us for this free online investor-focused event featuring six in depth sessions. Sessions include: Taking the Market’s Temperature: Get a lay of the land and set the right expectations for the remainder of 2016 and beyond. Securing Your Retirement: Explore the key pillars to retirement security for individuals in every life stage—from early-career savers to those already in retirement. What’s Next for My Bonds: Understand the impact of rising rates on core bonds, explore the outlook for high-yield and international bonds, and debate the merits of actively and passively managed fixed-income funds. What It Takes to Make Our Picks List: See how our proprietary analyst ratings and research can help you quickly find the best of the best. The Picks Panel: Best Ideas From Morningstar Analysts: Learn some of Morningstar’s best investment ideas for long-term investors. Portfolio Planning: Make a Lean, Mean, Tax-Efficient Machine: Craft a solid plan for tax efficiency—that means maximizing tax shelters, optimizing taxable portfolios, finding the best tax-smart investments, and building a tax-savvy retirement-drawdown plan.

April 2 , 2016 9 a.m. CST Attend free online

Speakers include: Harold Evensky, CFP , AIF Christine Benz Robert Johnson, CFA Russel Kinnel Elizabeth Collins, CFA Ben Johnson, CFA Sarah Bush Dario Castagna, CFA

3

3

3

3

3

3

Don’t miss this live online conference. Visit www.morningstar.com/conference to register for free.