(PUB) Morningstar FundInvestor
12
Green October Market Overview | Flynn Murphy
Benchmark Performance
Total Return % Through
A N N U A L I Z E D
10-31-13
1Mo YTD 3Yr
5Yr
10Yr
Large Growth Large Blend Large Value
4.0 26.2 14.8 15.5 6.6 4.1 24.6 14.6 14.2 6.7 4.0 24.8 14.8 13.6 6.8 2.9 28.0 15.2 17.5 8.1 3.5 27.7 15.7 17.6 8.7 3.9 28.6 16.1 17.7 9.1 2.1 33.0 17.4 18.3 7.9 3.3 30.1 16.9 17.4 8.7 3.2 28.7 16.7 16.9 9.1 3.3 17.1 10.3 12.7 6.5 1.9 6.0 6.1 9.2 4.8 2.7 13.2 9.3 11.3 5.9 5.3 21.2 11.3 17.4 7.8 4.1 27.6 13.1 10.9 3.1 2.3 5.4 8.0 13.2 8.5 1.2 38.8 23.4 18.9 10.4 3.3 7.3 2.6 8.3 9.9 -0.2 -40.9 -22.2 7.1 3.5 3.8 5.8 11.1 14.7 8.9 2.1 25.9 11.8 18.5 7.0 3.9 17.5 12.4 12.2 10.2 4.6 25.3 16.6 15.2 7.5 3.7 27.8 17.6 19.6 10.4 2.5 30.9 17.7 17.0 9.0 3.2 11.8 5.3 12.8 7.8 4.2 0.9 -0.2 14.1 11.1 3.8 20.0 7.9 13.3 8.3 3.2 16.2 7.0 11.4 7.1 2.7 14.5 7.2 13.3 7.6 3.6 18.3 7.1 11.1 7.1 3.0 22.8 10.4 18.4 10.8 3.6 21.8 9.2 16.4 8.7 3.5 20.2 10.1 13.6 7.5 3.4 20.1 8.4 12.0 7.7 3.9 21.9 11.9 13.3 7.4 4.8 -2.0 -2.2 12.6 9.7 4.3 21.1 8.7 12.2 8.2 4.6 -9.1 -8.6 9.7 13.6 1.6 18.4 8.1 12.0 6.8 2.2 5.9 8.0 14.8 7.0 0.5 -5.9 2.4 6.5 4.2 1.7 -0.8 5.2 11.3 5.7 0.8 -4.0 3.3 6.4 3.8
Mid-Cap Growth Mid-Cap Blend Mid-Cap Value
The U.S. stock market continued to exceed all-time highs in October despite a number of headwinds, including weaker-than-expected job growth reports and the U.S. government shutting down during the first half of the month. Although the shutdown sent markets lower for a while, they rebounded. The S & P 500 Index gained 4 . 6% , while the Russell 2000 Index returned 2 . 5% by the end of the month. Large-cap consumer defensive stocks posted solid gains in October. Vanguard Consumer Staples Index VCSAX returned 6 . 0% during the period, driven by gains from Procter & Gamble PG and drug- store operators such as Walgreen WAG and CVS Caremark CVS . Financials were also strong per- formers. Fairholme FAIRX , which holds roughly three fourths of its assets in financials—including a 40% allocation to insurer American International Group AIG —beat nearly all large-blend peers with its 5 . 4% return during the month. Developed and emerging markets also rose in October, albeit at a slower pace than domestic large caps. The MSCI EAFE Index returned 3 . 4% by month-end, while the MSCI Emerging Markets Index rose 4 . 9% . European stocks fared better than most. T. Rowe Price Overseas Stock TROSX , which has roughly 60% of its assets allocated to developed European stocks, outpaced most foreign large-blend peers in October with a 3 . 8% gain. Beleaguered India equity funds were among the biggest winners, rallying for a second straight month and posting an 10 . 6% return, on average, in October. Taxable bonds outperformed municipal bonds this month. The intermediate-term bond category gained 1 . 0% compared with 0 . 7% for intermediate- term municipal bonds. Loomis Sayles Invest- ment Grade Bond LSIIX topped nearly all peers with a 1 . 9% return. 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 1.2 -2.1 2.0 7.1 4.9 BarCap US Agg Bond TR USD 0.8 -1.1 3.0 6.1 4.8 BofAML US HY Master II TR 2.5 6.3 8.9 18.0 8.8 BarCap Municipal TR USD 0.8 -2.1 3.6 6.4 4.5
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