(PUB) Morningstar FundInvestor

12

U.S. Stocks Fall in July Market Overview | William Rocco

Benchmark Performance

Total Return % Through

A N N U A L I Z E D

07-31-14

1Mo YTD 3Yr

5Yr

10Yr

Large Growth Large Blend Large Value

-1.5 3.1 14.4 15.6 8.2 -1.7 4.6 15.1 15.4 7.5 -1.8 5.0 15.4 15.1 7.3 -3.5 0.4 12.6 16.4 9.2 -3.5 2.7 14.1 16.9 8.9 -3.3 4.3 15.5 17.4 9.0 -5.7 -4.9 12.0 16.8 9.0 -5.5 -1.9 13.3 16.5 8.7 -5.2 -0.7 13.7 16.4 8.7 -1.9 3.8 10.4 12.2 6.8 -1.1 3.7 6.1 8.2 5.4 -1.5 3.9 9.5 11.0 6.5 -1.0 1.6 11.1 12.9 7.3 -2.1 0.9 14.2 11.8 3.5 0.4 10.9 8.7 13.2 7.5 -1.1 10.2 23.8 20.5 12.0 -3.5 7.4 1.0 9.2 9.9 -2.3 24.4 -21.1 -4.7 5.8 -0.1 16.4 10.4 20.2 8.8 -1.7 5.3 13.4 15.7 9.6 -5.4 10.1 12.8 13.2 10.1 -1.4 5.6 16.7 16.7 7.9 -4.3 2.9 15.0 18.6 10.6 -6.1 -3.0 13.6 16.6 8.8 1.2 4.8 5.8 8.6 7.9 0.4 6.3 0.3 7.0 11.3 -4.4 -1.2 8.4 10.8 8.5 -2.4 1.3 6.4 8.7 6.9 -2.7 0.4 6.4 9.7 7.3 -2.5 2.4 6.8 8.5 6.4 -2.8 1.4 9.1 14.4 10.3 -3.0 2.9 7.7 11.5 8.4 -2.3 3.2 10.4 12.4 7.9 -2.0 2.7 8.0 9.4 7.1 -1.6 4.5 11.9 12.8 7.4 1.9 8.2 0.4 7.3 12.4 -3.8 1.5 8.5 10.0 7.4 1.0 8.3 -4.7 3.9 15.2 1.8 4.9 7.0 8.6 6.4 -1.2 3.5 7.5 11.0 7.3 -0.1 4.8 1.5 4.8 4.6 -0.3 3.8 3.5 5.4 4.6 0.1 7.0 5.3 5.7 4.2

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

U.S. and international stocks posted disappointing results in July, while most of the world’s bonds were pretty flat. In the United States, large-cap stocks had suffered moderate losses generally, and there was little varia- tion across the style spectrum. The S & P 500 Index slipped 1 . 4% in July, whereas the typical large-value fund lost 1 . 8% and the average large-growth fund dropped 1 . 5% . Mid-cap equities posted somewhat bigger losses, and small-cap stocks suffered even larger declines overall. The S & P Mid Cap 400 Index slipped 2 . 0% , for example, while the three small-cap domestic categories dropped between 5 . 2% and 5 . 7% As is often the case, overseas stocks had even more mixed results. Chinese equities thrived in July, thanks to positive macroeconomic and other developments, but many other emerging-markets stocks did not perform as well. The typical China region fund gained 3 . 2% , while the average Latin America fund was flat and the MSCI Emerging Markets Index returned 1 . 9% . Most Japanese stocks suffered small losses, and most European stocks suffered more-sizable losses caused by economic and political concerns. As a result, the MSCI EAFE Index declined 2% . On the sector side, global real estate funds eked out a small gain in July, whereas utilities, energy, and industrials offerings all lost around 5% . And the majority of bond funds posted very limited gains last month. Long-government funds, which returned 0 . 5% last month, once again fared best and have gained 13 . 2% for the year to date. œ Contact William Rocco at william.rocco@morningstar.com

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 EAFE MSCI World

MSCI Emerging Markets

MSCI Europe

MSCI Latin America

MSCI Pacific

High Yield Bond

Inflation-Protected Bond Intermediate-Term Bond

Muni National Long

World Bond -0.5 4.4 2.6 5.1 5.2 BarCap US Agg Bond TR USD -0.3 3.5 2.9 4.2 4.6 BofAML US HY Master II TR -1.3 4.2 8.4 12.3 8.6 BarCap Municipal TR USD 0.2 6.2 5.1 5.5 4.9