After Another Great Year for Stocks, Peril Lingers

Opp. No Load

Financial

Value Investor

Adv C

Deep Value

Sector by Sector

Value

Baillie Gifford US

Returns in the second quarter.

Growth vs. Value

Value I

Average returns, by fund category.

Among general domestic stock funds.

Stocks vs. Bonds

Leaders and Laggards

Opp. No Load

Value Investor

Adv C

Deep Value

Baillie Gifford US

Value I

Among general domestic stock funds.

Leaders and Laggards

Financial

Sector by Sector

Value

Returns in the second quarter.

Growth vs. Value

Average returns, by fund category.

Stocks vs. Bonds

Stocks vs. Bonds

Average returns, by fund category.

12 MONTHS

2ND QTR.

+

+

+

+

44.2

35.8

6.5

5.4

%

+

+

+

+

6.7

5.7

1.8

1.8

%

General stock funds

International stocks

Taxable bonds

Municipal bonds

Growth vs. Value

Returns in the second quarter.

Growth

Blend

Value

+

10

%

+

8

+

6

+

4

+

2

0

Large-cap

MiDcap

Small-cap

Sector by Sector

12 MONTHS

2ND QTR.

Industrials

+

+

+

+

+

+

+

+

+

+

52.7

35.3

51.4

41.0

62.6

22.3

67.4

28.5

46.0

17.9

%

+

+

+

+

+

+

+

+

+

+

12.0

11.6

9.9

9.2

7.9

6.5

4.1

3.6

2.6

0.9

%

Real estate

Technology

Communications

Natural resources

Health

Financial

Consumer defensive

Energy

Utilities

Leaders and Laggards

Among general domestic stock funds.

LEADERS

12 MONTHS

2ND QTR.

Edgewood Growth

Institutional

+

+

+

+

+

+

+

+

48.3

77.3

42.3

40.1

79.1

60.1

44.4

42.5

%

+

+

+

+

+

+

+

+

18.1

17.1

16.1

16.0

15.4

15.1

14.8

14.8

%

Aegis

Value I

Franklin Growth

Opportunities R6

TCW Select

Equities I

Baillie Gifford US

Equity Growth K

Morgan Stanley

Inst. Growth IR

Franklin Focused

Growth A

Principal Blue

Chip R-6

12 MONTHS

2ND QTR.

LAGGARDS

+

+

+

+

+

+

+

+

88.7

61.5

89.7

50.3

52.0

33.4

108.9

77.6

%

1.0

1.1

1.5

1.6

1.7

2.2

5.6

6.4

%

Towle

Deep Value

SouthernSun

Small-Cap, I

Kinetics Paradigm

Adv C

Harbor Small-Cap

Value Investor

+

+

Fairholme

Delaware Ivy

ProShrsRusl2000

Jacob Discovery

Fd Inv

Kinetics Market

Opp. No Load

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