(PUB) Morningstar FundInvestor

12

Stocks Surge in July Market Overview | Kailin Liu

Benchmark Performance

Total Return % Through

A N N U A L I Z E D

07-31-13

1Mo YTD 3Yr

5Yr

10Yr

Large Growth Large Blend Large Value

5.8 17.4 15.8 6.8 6.5 5.2 19.1 15.8 7.0 6.9 5.0 20.6 16.0 7.1 7.1 6.3 20.1 16.8 7.7 8.4 5.9 21.5 17.0 8.7 9.1 5.6 22.4 17.2 9.4 9.5 6.7 23.8 18.6 9.0 8.4 6.5 22.8 17.8 9.1 9.3 6.5 22.8 17.5 9.9 9.6 4.2 11.6 11.3 5.5 6.7 1.9 3.5 6.9 5.4 4.9 3.3 9.2 10.2 5.7 6.0 3.5 12.0 12.4 5.5 8.1 5.8 22.6 12.6 4.5 3.5 1.1 1.3 11.0 3.5 8.8 9.1 32.3 25.2 12.7 9.9 4.6 -0.7 3.6 -4.6 10.1 11.8 -39.8 -16.3 -7.0 6.6 0.8 5.5 13.7 6.4 9.5 6.4 16.9 14.0 8.9 7.7 4.3 14.6 14.2 5.0 10.6 5.1 19.6 17.7 8.3 7.6 6.2 21.7 19.2 10.6 11.0 7.0 24.0 18.7 9.5 9.6 1.5 3.8 6.3 2.0 8.9 1.5 -6.5 1.0 -0.3 12.0 6.7 10.3 8.8 0.9 8.4 4.9 7.5 7.8 0.6 7.3 4.7 6.5 8.5 1.7 7.9 5.4 8.7 7.4 0.7 7.3 4.9 12.6 11.9 5.2 11.9 5.1 10.2 9.5 3.4 9.2 4.9 12.5 11.2 4.2 7.8 5.3 9.6 8.6 1.1 8.0 5.3 14.1 12.7 4.3 7.6 0.8 -10.2 -1.5 -1.9 10.4 7.4 9.7 9.1 0.7 8.1 -1.1 -17.0 -8.2 -6.2 14.2 1.6 9.5 8.0 2.2 8.0 1.9 3.3 9.0 8.9 7.4 0.7 -6.3 3.9 3.7 4.7 0.3 -2.0 3.8 5.5 4.4 -1.4 -5.0 3.7 4.6 4.0

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

Reassuring statements from the Federal Reserve gave the markets a lift this month. The S&P 500 gained 5 . 09% by the end of July. Small caps did even better; the Russell 2000 climbed 7 . 00% in the period. While all domestic-stock sectors did well this month, tech- nology stocks had a particularly impressive climb. The technology category gained 6 . 35% for the month. T. Rowe Price Global Technology PRGTX beat most of its category peers with a 8 . 65% gain. How- ever, Artisan Small Cap Value ARTVX had al- most 25% in technology stocks and still landed in the bottom decile of the small-blend category for the month. Outside the United States, developed markets outper- formed emerging markets for July. The MSCI EAFE Index outperformed the S&P 500 with a 5 . 28% gain for the month, while the MSCI Emerging Markets Index only posted a 1 . 10 / 1 . 04% return. European stocks did particularly well this month. The Europe- stock category gained 6 . 72% . Mutual European TEMIX slightly lagged its peers with a 6 . 64% return. The diversified emerging-markets stock category gained a more modest 1 . 45% . Virtus Emerging Mar- kets Opportunities HEMZX lagged its peers with a 0 . 42% gain, largely because of its big stake in Indian stocks, which had a sluggish July. Taxable bonds outperformed municipal bonds in light of Detroit’s bankruptcy filing. Although Detroit’s problems were well known, it made investors skittish. The intermediate-term-bond category eked out a 0 . 30% gain, compared with a 0 . 45% loss for interme- diate-term muni bonds. PIMCO Total Return PTTRX posted a relatively impressive 0 . 49% gain for the month. œ

Small Growth Small Blend Small Value

Aggressive Allocation Conservative Allocation Moderate Allocation

Communications

Financials

Global Real Estate

Health

Natural Resources Precious Metals

Real Estate Technology

Utilities

S&P 500

S&P MidCap 400

Russell 2000

Diversified Asia/Pac. Stock Diversified Emerg. 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 0.9 -3.9 3.1 4.4 5.1 BarCap US Agg Bond TR USD 0.1 -2.3 3.2 5.2 4.9 BofAML US HY Master II TR 1.9 3.4 9.9 11.4 9.1 BarCap Municipal TR USD -0.9 -3.5 3.7 5.1 4.7