NoLoad - FundX · PDF file2 April 2017 NoLoad FundX Investing for Growth & Stability Part II: Class 4 in New purchases are in bold. Mutual funds are held a minimum of 90 days (ETFs

Volatility returned in March, and most U.S. markets were barely positive. The large-cap S&P 500 gained 0.1%, the small-cap Russell 2000 was flat (0.0%), and the Dow Jones Industrial Average lost 0.6%. The technology-heavy NASDAQ fared best, up 1.7% for the month, and it also led for the quarter, up 10.1%.

Foreign funds bested U.S. funds by a wide margin in March, led by emerging markets, which were up 3.7%, but with developed markets were close behind, up 3.2%.

Several sectors, including banks, transportation, REITs and energy suffered corrections early in March and finished the month in the red. The setback also hurt value funds, espe-cially mid caps, some of which also failed to fully recover by month-end. Other leading sectors, most notably technology and home builders, continued to build on strong momentum.

When we see large monthly divergences in short-term performance, it can be tempting to make portfolio changes faster than implied by our rankings, but we have learned to appreciate when our strategy calls for only incremental trades. It is fairly common for different areas of the market to face setbacks at different times. Sometimes this signals a change in market trends, but it also may simply reflect a pause within a trend that may have moved too far too fast.

The market’s early March sell-off reminds us that correc-tions are normal. For too many investors, fear from the 2007-2009 declines has kept them sidelined and underinvested relative to their long-term goals. It is important to be realistic about both the risk and return potential of your allocation to stocks, bonds and cash so that you can weather setbacks and thrive. If recent volatility has you concerned, remember that our portfolio managers are also here to help and are only a phone call or email away.

Class 4 in Up & Down Markets

Is Class 4 Right for You?

41 Years of Fund Investing2 3 4

Upgrader Portfolio .......................2 Flexible Income Portfolio.....3 Star Boxes..............................................4 FundXpress ..........................................16

Highlights

MARKETSDiversity Leads

In this issue

NoLoad

A Publication of FundX Investment Group. Professional Money Management Since 1969

What’s WorkingDiversity is in favor this month, and the top-ranked

funds include a broad mix of regions, styles and capital-izations.

In Class 3, growth and value strategies are highly ranked, and nearly a third of the Buys are global or international.

The top funds in Class 2 include both small-cap funds and large-cap funds, particularly technology-dominated NASDAQ funds.

Technology also leads in Class 1 along with home-builders and Latin America ETFs. Banking had a tough month but remains in the Buys thanks to its strong six- and 12-month returns.

Fixed IncomeInterest rates took an up-and-down ride in March. The

yield on the 10-Year Treasury rose from 2.36% at the end of February to 2.62% at the middle of the month, only to sink back to 2.40% by month-end. This left most areas of the bond market close to where they started, with returns hovering a few basis points above or below zero. Long-term government bonds lost most, about half of a percent, while global and emerging market bonds gained most, half a percent or more.

April 2017 Data to 3/31/2017

April 2017 NoLoad FundX2

New purchases are in bold. Mutual funds are held a minimum of 90 days (ETFs may be held for shorter periods), and are traded based on how they rank on the back page FundXpress.

Investing for Growth & Stability Part II: Class 4 in Up and Down Markets

Most of us need to invest in order to build wealth, but our fears of substantial losses can really hold us back. Losses are painful. In fact, studies find that people feel the pain of loss twice as much as the satisfaction from gains. Investors know that there’s no way to avoid all losses, but there are ways to manage them.

In the March issue, we shared one way to invest for growth and stability, and that’s by Upgrading Class 4 funds. Most Class 4 funds invest in stocks for growth and bonds to buffer stock market declines. There’s a lot to like about Class 4: You can own a balanced portfolio with just five funds, and, as we showed last month, when you Upgrade these funds, your allocation to stocks and bonds changes in response to changing markets. Over the last 10 years, you were led to own funds that have more exposure to stocks when stocks were doing well, and you owned funds with less exposure to stocks in down markets.

Another benefit to Upgrading with Class 4 is perfor-mance. Since we added the Class 4 StarBox in 1986, it has returned almost the same as the S&P 500, and with far less volatility (especially in bear markets). The Class 4 StarBox was up 10.2% annualized, according to Mark Hulbert and The Hulbert Financial Digest, while the market gained 10.0%. What to Expect from Class 4

While the Class 4 StarBox and the market ended up at about the same place over the long run, they took two very different paths. Class 4 usually did better during market declines (as you might expect given that these funds aren’t fully invested in stocks), and the all-stock S&P 500 index typically did better in market advances.

The past decade is a current example. Over this 10-year period, Class 4 returned almost as much as the market, gain-ing 6.1% compared to 6.9% for the S&P 500. Class 4 was much less volatile than the market, meaning less upside in exchange for less downside and a faster recovery.

10-year annualized (12/31/06-12/31/16)

Down-market return

(10/31/07-2/28/09)

Up-market return

(2/28/09-12/31/16)

Class 4 StarBox 6.1% -27.8% 114.0%

S&P 500 6.9% -51.0% 258.3%

The market lost -51.0% from October 2007 through February 2009, while Class 4 lost -27.8%. Although 50% drops are rare, they are emotionally taxing and can trigger some regrettable decisions. Some investors gave up on stocks entirely after the 2007-2009 decline, and they’ve missed out

Recommended Stock Portfolio

Monthly Upgrader Portfolio (MUP)

Momentum-based strategies like Upgrading lead us to make regular changes to our portfolios, but higher turn-over doesn’t necessarily mean higher taxes. We hold funds as long as they continue to do well, so our biggest gains tend to be long term. Funds that we hold for less than a year typically have smaller gains or even losses, and losses can be used to offset other taxable gains.

This month’s trades are one example. We’re selling PEY, which we bought in March 2016, and realizing a long-term gain of 26%. We’re also selling two funds that we bought in December 2016: Class 1 iShares Transportation (IYT) is up 0.6% since we bought it, and Class 2 Hodges (HDPMX) has a small loss of -0.4%.

Performance as of 3/31/2017 MUP S&P 500 (SPY)1 Month Return: 0.0% 0.1%Year-to-Date (YTD) Return: 3.2% 5.9%12 Month Return: 12.5% 17.1%Since Incep. (3/25/98) Annualized: 10.1% 6.0%

Current Portfolio

TickerName RankBuyDate%

Total in Class 1 6.0% iShrs US Home Const ITB 1.9 Buy 4/5/17 SPDR S&P Region Bank KRE 1.9 Buy 12/2/16 VanEck Vect Semicon SMH 2.2 Buy 8/2/16 Total in Class 2 23.2% Fidelity OTC FOCPX 3.7 Buy 3/2/17iShrs Russel 2000 Val IWN 4.2 Buy 12/2/16iShrs S&P SmCp 600 Val IJS 4.5 Hold 5/3/16Northern Sm Cap Val NOSGX 4.2 Hold 1/5/17PowerShares QQQ Trust QQQ 4.8 Buy 4/5/17SPDR Emg MktsSmallCap EWX 1.8 Buy 4/5/17Total in Class 3 70.8% Ariel Fund ARGFX 10.0 Buy 2/2/17Artisan Value ARTLX 11.4 Hold 5/3/16Dodge & Cox Glob Stk DODWX 11.2 Buy 2/2/17Dodge & Cox Stock DODGX 10.7 Buy 12/2/16 iShrs S&P 400 Val IJJ 8.8 Hold 2/2/17Parnassus Endeavor PARWX 10.9 Hold 10/5/16 PIMCO StkPLUS Ab Rtn PSTDX 7.8 Buy 3/2/17

Trades This MonthSell All 1.9% iShrs Transport Avg IYTBuy 1.9% iShrs US Home Const ITBSell All 1.8% Hodges Fund HDPMXBuy 1.8% SPDR Emerging Mkts Small Cap EWXSell All 4.8% PwrSh HiYld Eq Div Ach PEYBuy 4.8% PowerShares QQQ Trust QQQ

NoLoad FundX April 2017 3

New purchases are in bold. Mutual funds are held minimum of 90 days (ETFs may be held for shorter periods).

on the subsequent tremendous bull market. Class 4 inves-tors lost far less than the market during the decline, so they may have been able to stay invested and participate in the market’s powerful recovery.

Class 4 also recovered from its losses quicker than the market: the Class 4 StarBox got back to its peak levels around March 2010, while the market didn’t recover until early 2012. But the market continued to rally strongly, and Class 4 didn’t fully participate. From February 2009 through December 2016, the market gained an impressive 258%, while Class 4 was up 114%. On a calendar-year basis, the Class 4 StarBox lagged the S&P 500 in the past eight calendar years, and in two of those years—2011 and 2015—Class 4 had negative returns, while the market was slightly positive. Is Class 4 Right for You?

The past 10 years show the trade-offs of Class 4 investing. Over the long run, it’s done nearly as well as the market, and it’s avoided the market’s substantial losses, and that could really give you peace of mind. On the other hand, Class 4 lagged the market in many years, which can be challenging. It can be frustrating to stay invested in balanced funds when fully invested stock funds are bringing in stronger returns.

Balanced funds could help you stay invested long term, however. The annual DALBAR study has found that inves-tors who own balanced or “asset allocation” funds have stayed invested longer than those who owned solely stock or bond funds. Why? Balanced funds help investors avoid selling their investments in a panic or trying to time the market—two behaviors that have been shown to lower returns over time.

When you own balanced funds, your results include the impact of both stocks and bonds, so you’ll rarely see the kind of losses in your account that you’d see from a fully invested stock fund. Balanced funds can also help you own bonds even when interest rates rise because the impact of rising rates on bonds may be offset by a fund’s stock positions.

Following the Class 4 StarBox can really simplify your investing, and when your investments are easier to manage, you’re more likely to actually do it. “This is going to save me so much time,” an investor told us after reading our March article on Class 4. Class 4 also has the hidden benefit of adjusting your allocation to stocks and bonds over time, so you’ll have the opportunity to be better positioned for growth in up markets, and you could be more defensively positioned during prolonged downturns.

Here’s one way to decide if Class 4 is right for you: Think about what prevents you from reaching your invest-ment goals. If it’s fear of major losses, a lack of time to devote to your investments, or a history of moving in and out of the stock market at inopportune times, Class 4 may be able to help you move forward and get ahead.

Monthly Flexible Income Portfolio (MFIP)

Recommended Bond PortfolioDespite rising interest rates, our fixed-income port-

folio managed to continue its performance streak versus the Bloomberg Barclays Aggregate Bond index into its ninth month.

No trades are called for this month. Our existing

positions in floating-rate, strategic, and high-yield bond funds and low-volatility equity funds continue to do well compared to their peers.

Note: the low-volatility equity positions are selected

from the list on page 15; we do not select these fundsfrom Class 4 FundXpress.

Performance as 3/31/2017 MFIP BBgBarc Agg Bond (AGG)

1 Month Return: 0.1% -0.1%Year-to-Date (YTD) Return: 2.0% 0.8%12 Month Return: 6.8% 0.2%Since Incep. (8/5/05) Annualized: 5.3% 4.1%

No Trades This Month

Current PortfolioName Ticker % Buy DateFloating Rate 10.5%

Fidelity Floating Rate Hi Inc FFRHX 10.5 6/2/16

Strategic Total 37.7%Osterweis Strategic OSTIX 9.3 10/5/16 PIMCO Income PONDX 9.6 3/2/17 PIMCO Low Duration Inc PFIDX 9.3 12/2/16 Thompson Bond THOPX 9.5 12/2/16 High-Yield Total 30.6%Fidelity Cap & Inc FAGIX 10.3 2/2/17 Fidelity High Income SPHIX 10.2 9/2/16Janus High-Yield JAHYX 10.1 5/3/16Low Volatility Equity Funds 21.2% Fidelity Real Estate Income FRIFX 10.5 12/2/14Vang Wellesley Income VWINX 10.7 1/5/11


Risk Class Portfolios

CLASS 1 Aggressive/Sector Stock Funds

Name Ticker % Rank Trade Date

iShrs Latin America 40 ILF 21.5 Buy 9/2/16 iShrs US Home Const ITB 17.4 Buy 4/5/17 SPDR Financial XLF 15.4 Buy 12/2/16SPDR S&P Region Bank KRE 18.3 Buy 12/2/16VanEck Vect Semicon SMH 27.4 Buy 8/2/16

CLASS 2 Aggressive Stock Funds


Fidelity OTC FOCPX 19.8 Buy 3/2/17 iShrs Russel 2000 Val IWN 17.8 Buy 1/5/17iShrs S&P Sm Cp 600 Val IJS 21.7 Hold 5/3/16 PowerShares QQQ Trust QQQ 24.7 Buy 4/5/17SPDR Emg MktsSmallCap EWX 16.0 Buy 4/5/17

CLASS 4 Total Return Funds


Dodge & Cox Balanced DODBX 20.2 Buy 10/5/16Greenspring GRSPX 20.2 Buy 9/2/16Oakmark Equity & Inc OAKBX 19.1 Buy 2/2/17 PIMCO All Asset PASDX 18.8 Hold 10/5/16Schwab Hedged Equity SWHEX 21.7 Hold 1/5/17

New purchases are in bold. Mutual funds are held minimum of 90 days (ETFs may be held for shorter periods), and are traded based on how they rank on the back page FundXpress.

CLASS 3 Core Stock Funds


Artisan Value ARTLX 22.4 Hold 5/3/16Dodge & Cox Global Stk DODWX 19.1 Buy 2/2/17Dodge & Cox Stock DODGX 20.3 Buy 12/2/16iShrs S&P 400 Val IJJ 17.6 Hold 2/2/17 Parnassus Endeavor PARWX 20.6 Hold 10/5/16

Class 1: Sell iShares Transportation (IYT) and buy SPDR Homebuilders (ITB)

Class 2: Two trades: Sell Hodges (HDPMX) and buy SPDR Emerging Markets Small Cap (EWX)Sell PowerShares HiYld Eq Div (PEY) and buy PowerShares QQQ (QQQ).

Class 3: No trades. All funds remain ranked as Buys or Holds.

Class 4: No trades. All funds remain ranked as Buys or Holds.

Star BoxesHow Fund Investing Has Changed

This month marks the 41st year of NoLoad FundX, and our history is the history of so many investors. We didn’t know it at the time, but 1976 was the beginning of a revolu-tion in fund investing. In the coming years, millions of people would take control of their finances; new brokerages would allow investors to trade noload funds; and thousands of mutual funds and eventually ETFs would give investors more choices than ever before.

These changes have had a lasting impact on how we invest and what kinds of investments we use today. It created a new generation of fund investors, and NoLoad FundX has evolved over the years to better meet their needs.

Here are three important ways that fund investing has changed for the better:1. Noload funds allow investors take charge of their investments

Few investors managed their own accounts in the 1970s. Most people relied on brokers who sold them load funds. Brokers got a sales commission of up to 8.5% and their commission (or “load”) came right out of your investment. Longtime investors may remember that brokers even came to your house to sell you load funds.

Load funds were not only expensive but they also limited your ability to trade funds. If you sold a fund, you’d likely have to pay another steep load to buy another. Noload funds allowed you to actively change your portfolio and take charge of your investments. However, in the 1970s there were only a handful of noloads to choose from and information on these finds was hard to find.

For many years, NoLoad FundX was one of the only plac-es you could get performance data on noloads, and this infor-mation became increasingly valuable as more people began investing in funds. In 1980, just about 5% of U.S. households owned funds; by 2015, that had grown to 43%. 2. Discount brokers made it easy to trade noloads

Discount brokers were another game changer. Trading funds directly with individual fund companies was time consuming. To buy a fund, you had to request an application and then mail it in to the fund company. To sell a fund, you mailed in a redemption request, often with a required signa-ture guarantee from a bank. Changing your portfolio could take weeks—longer if the paperwork wasn’t all in order.

Discount brokers like Jack White (now part of TD Ameritrade), Charles Schwab and Fidelity created what were called “mutual fund marketplaces” where you could invest in funds from many different fund companies. Schwab initially used NoLoad FundX data to create its noload marketplace.

Brokers made it easier to keep track of your investments since your accounts were all in one place. There was far less paperwork, and you could call in a trade during market hours


and your trade was placed that same day. Eventually, brokers introduced no-transaction-fee (NTF) funds, which allowed investors to trade funds for free. As brokers make it easier to trade funds, it became increasingly important for investors to have a strategy like Upgrading to help them decide which funds to buy now and when to move on to other funds. 3. ETFs created new trading opportunities

Trading funds became even faster with the introduction of the first exchange-traded fund, SPDR S&P 500 Trust (SPY), in 1993. With ETFs, you could trade funds through-out the day like stocks, and you weren’t held to a minimum holding period. Some fund investors thought ETFs were just a fad, but we were early adopters. We added ETFs to NoLoad FundX in 2001, and we’ve used them in our portfolios for years now. While some strategies focus only on ETFs, we rank ETFs alongside noload funds, so you’re led to invest in ETFs when they are doing well and in actively managed funds when they are outperforming.What’s Stayed the Same

Although most investors today own noload and exchange-traded funds rather than load funds, and they have more information at their fingertips than ever before, one thing hasn’t changed: investors continue to need clear investment guidance that helps them focus on the information that really matters and know what action to take in their portfolios.

Our approach to fund investing has also stayed the same. While NoLoad FundX looks a little different today, the core of the newsletter—from the risk classes to the four perfor-mance periods we track—is almost exactly the same as it was in first issue we published all those many years ago.

FundX in the NewsCNBC Squawk Box, “Is It Too Late to Get into Markets?” (March 23, 2017) - FundX CIO Jason Browne says there is pressure for

the market rally to resume.

Forbes, “3 Reasons to Steer Clear of Individual Bonds—And Focus on Bond Funds Instead” (March 16, 2017) - FundX

President Janet Brown explains why she favors bond funds over indi-

vidual bonds, especially when markets change.

Market LeadershipName 1 Mo % 3 Mo % 6 Mo % 12 Mo %Europe (IEV) 4.4 7.8 7.1 10.3Emerging Mkts (EEM) 3.7 12.5 6.4 17.2International (EFA) 3.2 7.9 6.4 12.4Nasdaq 100 (QQQ) 2.0 12.0 12.1 22.5Pacific (VPL) 1.8 9.1 6.0 17.6World (ACWI) 1.4 6.9 8.0 15.4Large Growth (IWF) 1.2 8.8 10.0 15.7Small Growth (IWO) 1.1 5.2 9.2 23.2Mid Growth (IWP) 0.5 6.8 7.2 13.8S&P 500 (SPY) 0.1 5.9 10.1 17.1Large Cap (IWB) 0.1 5.9 10.0 17.3Wilshire 5000 (VTI) 0.1 5.7 10.2 18.1Small Cap (IWM) 0.0 2.2 11.5 26.2DJIA (DIA) -0.6 5.1 14.2 19.7Mid Value (IWS) -0.8 3.6 9.4 19.5Small Value (IWN) -0.8 -0.3 13.9 29.3Large Value (IWD) -1.0 3.1 10.1 19.0

Sector PerformanceName 1 Mo % 3 Mo % 6 Mo % 12 Mo %Technology (XLK) 2.2 10.7 12.5 22.3Consumer Discret (XLY) 2.1 8.4 10.9 13.0Materials (XLB) 0.6 5.8 10.8 19.3Utilities (XLU) -0.1 6.4 6.5 6.9Consumer Staples (XLP) -0.4 6.1 3.9 5.5Gold (GLD) -0.4 8.3 -5.5 0.9Health Care (XLV) -0.5 8.3 4.0 11.5Industrial (XLI) -0.8 5.0 12.6 19.9Real Estate (IYR) -1.5 3.0 -0.3 5.0Energy (XLE) -1.5 -6.6 0.1 15.7Financial (XLF) -3.0 2.4 24.0 32.1

Class 3 Buys

Rank Name Ticker

Redemption Fee Et

rade

Fide

lity

Schw

ab

Scot

trd

TDAm

trd

1 Oakmark Intl OAKIX None NTF NTF NTF NTF NTF

2 Dodge & Cox Glob Stk DODWX None FEE FEE FEE FEE FEE

3 Dodge & Cox Stock DODGX None FEE FEE FEE FEE FEE

4 Lazard Gl Listed Infras GLFOX None NTF NTF NTF NTF NTF

5 PIMCO StksPlus Intl PIPDX None NTF NTF NTF NTF NTF

6 Ariel ARGFX None NTF NTF NTF NTF NTF

7 Primecap Odyssey POGRX None FEE FEE FEE FEE FEE

8 Fidelity Blue Chip Gr FBGRX None FEE NTF FEE FEE FEE

9 PIMCO StkPls Abs Ret PSTDX None NTF NTF NTF NTF NTF

10 RidgeW Cdex MdCp Val SMVTX None NTF NTF NTF NTF NTF

11 Oakmark Global OAKGX None NTF NTF NTF NTF NTF

12 Scout Md Cp UMBMX None NTF NTF NTF NTF NTF

13 Oakmark Fund OAKMX None NTF NTF NTF NTF NTF

14 XTrkrs EAFE Hdg Eq DBEF ETF - Like Stk ETF ETF ETF ETF ETF

15 TRPrice Growth PRGFX None NTF FEE FEE FEE NTF

Fund Changes - More Info: blog.fundx.com/subscribers

Removed Redemption FeesCl 2 Schwab Small Cap (SWSSX)Cl 3 Laudus Intl MktMsters (SWOIX)Cl 3 Laudus US Lg cp Gr (LGILX )Cl 3 Schwab 1000 (SNXFX)Cl 3 Schwab Core Equity (SWANX)Cl 3 Schwab Div Eq (SWDSX)Cl 3 Schwab Intl Idx (SWISX)

aggressive: primarily sector and specialized stock funds. high risk and volatility.

Fund Name TickerBuy HoldSell

Rank

Score CPR

All Data Current to 3/31/2017

Underlying portfolio Redemption Fee

Total Assets$ Mil

PAST RETURNS

ThisMo

LastMo

Total Return Bear10/9/07-3/9/09

Bull10/9/02-10/9/071 Mo 3 Mo 6 Mo 12 Mo

Class 1 - Stock Funds

Complete Class Listings Find Funds Listed Alphabetically in Each Risk Class on pages 6-13

Buy, Hold, Sell Trading instructions

based on a fund’s rank.

ScoreFunds are ranked by this Score: based on a fund’s trailing 1, 3, 6, and 12 month returns, plus bonus points. Best for comparing funds in the same risk class.

CPRUnweighted performance comparison: it does not include bonus points so it can be used to compare funds not in the newsletter or for cross-class comparisons.

Total Return (1,3,6,12 Month)Total returns assume any distributions are reinvested. Stars (*) indicate Top 15 returns in each period.

Redemption FeeFund-imposed redemption fees (your broker may have a separate fee). 90d:2% means a 2% fee for shares held less than 90 days.

ETF: ETFs do not have redemption fees; there is a usually a brokerage fee to buy or sell shares.

None* We are not aware of a redemption fee for this fund. Confirm directly with the fund.

Direct Fund available only directly from fund company; no broker availability.

AmCen Utilities BULIX Sell 106 87 3.28 7.17 -0.7 1.2 5.3 7.3 Utilities None* 584 -46 218C&S Realty Shrs CSRSX Sell 121 106 0.03 0.06 -2.5 1.5 -2.2 3.3 US REITs None* 5,230 -68 243Columbia EmgMktConsm ECON Sell 83 90 6.69 14.60 3.3 12.1 0.7 10.7 EmgMkt ConsmrTitan30 ETF 707 Fidelity Canada FICDX Sell 102 110 4.48 9.77 0.8 2.0 3.4 11.7 Canada 90d:1.5% 1,348 -55 335Fidelity Emg Asia FSEAX Sell 44 78 10.80 21.37 4.1 * 13.8 4.3 17.0 SEast Asia Cnty Wtd 90d:1.5% 888 -62 463Fidelity Japan FJPNX Sell 85 93 6.54 14.26 1.5 7.3 2.5 14.8 Japan 90d:1.5% 411 -57 134Fidelity Real Est FRESX Sell 125 117 -1.22 -2.67 -2.3 -0.4 -3.3 1.0 Real Estate/REITs None* 4,619 -72 198Fidelity Sel AirTran FSAIX Sell 65 32 8.43 16.21 -2.3 0.0 16.5 * 15.5 Air Transportation 30d:.75% 394 -68 208Fidelity Sel Auto FSAVX Sell 96 92 5.40 11.78 0.7 6.0 9.0 5.9 Automotive 30d:.75% 54 -80 132Fidelity Sel Banking FSRBX Buy 9 3 17.76 34.38 -4.1 0.2 27.4 * 39.5 * Banking 30d:.75% 1,261 -75 90Fidelity Sel Biotech FBIOX Hold 34 23 11.86 23.69 -0.8 15.8 * 5.0 23.4 Biotech None* 9,578 -27 108Fidelity Sel Broker FSLBX Sell 43 24 10.84 21.47 -1.2 4.0 16.7 * 19.9 Broker/Investment Mgt 30d:.75% 405 -65 228Fidelity Sel Chemical FSCHX Buy 8 14 18.12 35.18 1.8 12.1 20.5 * 30.1 * Chemicals None* 1,626 -52 211Fidelity Sel CommsEqp FSDCX Sell 54 36 9.37 20.44 1.0 5.1 7.8 23.6 Communciations 30d:.75% 205 -60 224Fidelity Sel Computer FDCPX Buy 2 6 20.36 37.87 3.6 15.9 * 16.9 * 32.9 * Tech/Computers 30d:.75% 472 -57 177Fidelity Sel ConsDiscrt FSCPX Sell 84 109 6.65 14.51 1.9 6.7 7.0 10.9 Consumer Goods/Svcs None* 833 -55 75Fidelity Sel ConsFin FSVLX Sell 58 26 8.74 19.08 -2.5 2.2 13.2 22.1 Real Estate/Mortgages 30d:.75% 102 -81 63Fidelity Sel ConsHous FSHOX Sell 73 81 7.34 16.02 1.9 6.8 9.9 10.7 Housing/Construction 30d:.75% 404 -56 153Fidelity Sel ConStpl FDFAX Sell 89 79 6.07 13.24 1.2 9.3 6.5 7.3 Food/Agricultural None* 2,858 -35 101Fidelity Sel DefAero FSDAX Sell 41 19 11.03 24.06 -2.0 5.0 14.9 26.2 Defense/Aerospace None* 1,584 -61 224Fidelity Sel Energy FSENX Sell 105 99 3.40 7.42 -0.8 -6.4 -0.5 21.3 Energy/Natural Resource None* 2,291 -58 331Fidelity Sel EngySvc FSESX Sell 64 15 8.55 18.66 -2.5 -4.4 12.7 28.4 Energy Services 30d:.75% 736 -68 346Fidelity Sel Fin Svs FIDSX Hold 30 12 12.15 24.32 -2.6 1.6 19.2 * 26.4 Financial Services None* 1,019 -73 118Fidelity Sel Health Care FSPHX Sell 74 52 7.28 15.88 -0.6 12.3 3.0 14.4 Health Care None* 6,629 -42 83Fidelity Sel Hlth Care Svcs FSHCX Sell 78 56 7.03 15.34 -1.4 7.5 10.0 12.1 Health Care Svcs 30d:.75% 760 -53 112Fidelity Sel IndEqup FSCGX Sell 94 82 5.73 12.51 -0.4 3.3 7.1 12.9 Industrial Equipment 30d:.75% 185 -64 197Fidelity Sel Industrials FCYIX Sell 79 58 6.99 15.26 -1.2 3.0 11.2 14.9 Cyclical Industries None* 1,003 -61 215Fidelity Sel Insurance FSPCX Sell 56 37 9.14 19.95 -1.0 2.9 13.0 21.6 Insurance 30d:.75% 649 -69 122Fidelity Sel IT Svcs FBSOX Sell 77 53 7.13 15.56 0.3 7.3 8.2 12.7 Business Svcs/Outsource None* 1,665 -44 161Fidelity Sel Leisure FDLSX Sell 53 116 9.47 18.49 3.7 * 7.1 12.1 11.0 Leisure/Entertainment 30d:.75% 404 -48 158Fidelity Sel Materials FSDPX Sell 46 45 10.36 22.59 0.4 7.7 12.4 20.9 Industrial Materials None* 1,568 -57 288Fidelity Sel Med Eq FSMEX Hold 28 38 12.63 25.37 1.8 14.7 * 2.7 27.3 Medical Equipment None* 3,130 -35 122Fidelity Sel MultiMedia FBMPX Hold 20 31 14.39 29.21 2.2 10.8 18.3 * 22.3 Broadcast Media 30d:.75% 680 -60 138Fidelity Sel NatGas FSNGX Sell 70 28 7.48 14.15 -0.9 -7.0 2.6 31.2 * Natural Gas 30d:.75% 482 -60 318Fidelity Sel NatRescs FNARX Sell 106 105 3.28 7.16 -0.4 -5.2 -1.3 20.0 Natural Resources 30d:.75% 912 -56 345Fidelity Sel Pharm FPHAX Sell 115 122 1.42 3.09 0.5 6.8 -2.8 1.2 Pharmaceuticals None* 1,002 -35 97Fidelity Sel Retail FSRPX Sell 76 91 7.14 15.59 1.7 7.2 7.3 12.4 Retailers None* 1,925 -48 109Fidelity Sel Semicon FSELX Buy 5 9 18.76 38.75 3.3 9.5 14.3 43.9 * Electronics 30d:.75% 3,011 -59 172Fidelity Sel Software & IT FSCSX Hold 36 41 11.69 25.50 1.7 11.2 9.5 24.3 Software/Computer Svcs None* 4,165 -48 197Fidelity Sel Tech FSPTX Buy 3 13 20.17 37.47 4.0 * 17.4 * 14.9 32.4 * Technology None* 4,113 -60 199Fidelity Sel Telecom FSTCX Sell 102 97 4.48 9.77 -0.1 0.1 5.8 12.1 Telecommunications None* 760 -59 257Fidelity Sel Transport FSRFX Sell 81 30 6.73 14.68 -3.4 -0.3 13.3 17.3 Transportation 30d:.75% 645 -58 180Fidelity Sel Wireless FWRLX Hold 31 33 12.04 26.27 3.4 12.1 12.4 20.2 Wireless Communication 30d:.75% 239 -55 388FirstTrust DJ Internet FDN Hold 29 47 12.32 26.88 2.1 10.3 7.9 28.9 DJ Internet Idx ETF 3,875 FirstTrust Health Care FXH Sell 93 69 5.75 12.54 -0.5 8.9 2.6 12.0 Health Care ETF 966 FlexShrs Gl UpstrmNatRes GUNR Sell 60 49 8.69 18.96 -0.1 3.2 7.8 23.9 Natural Resources ETF 4,097 GAMCO Global Tel GABTX Sell 104 120 3.76 8.20 1.4 5.2 4.4 4.0 Large/Global/Telecom 7d:2% 96 -56 262Gugh S&P500 Eq Wt Tech RYT Hold 16 20 15.65 31.96 2.2 11.6 14.9 30.0 * Technology ETF 1,112 Hennessy Gas Util Idx GASFX Sell 90 77 6.02 13.14 0.5 5.5 4.5 13.5 Natural Gas 90d:1% 1,462 -43 182ICON Energy ICENX Sell 107 103 3.26 7.10 -0.2 -4.6 2.6 15.3 Energy None* 334 -45 325iShrs C&S REIT ICF Sell 123 114 -0.88 -1.91 -2.3 0.9 -2.6 0.5 C&S Realty Index ETF 3,398 -73 222iShrs China Lg Cp FXI Sell 67 61 8.02 17.51 0.8 10.9 3.3 17.1 FTSE China 25 Index ETF 3,033 -62


Class 1 - Stock Fundsaggressive: primarily sector and specialized stock funds. high risk and volatility.


Rank

Score CPR


Underlying portfolioRedemption

Fee

Total Assets$ Mil

PAST RETURNS

ThisMo

LastMo


Bull10/9/02-10/9/071 Mo 3 Mo 6 Mo 12 Mo

iShrs Glb Financials IXG Hold 21 17 14.15 28.70 0.3 5.4 20.1 * 26.8 Non-Diversified Glb Fin ETF 404 -78 180iShrs Glb Healthcare IXJ Sell 98 88 5.04 11.00 0.4 8.4 2.8 8.6 Glo Sector Health Idx ETF 1,503 -40 61iShrs Glb Telecom IXP Sell 122 126 -0.08 -0.17 0.8 1.3 -1.7 -0.7 Glo Sector Telecom Idx ETF 301 -47 189iShrs LatAmr 40 ILF Buy 13 8 15.80 32.29 1.8 15.0 * 14.3 28.2 Latin America Indx ETF 1,109 -54 778iShrs MSCI Australia EWA Hold 32 34 11.93 26.02 3.0 11.8 11.1 21.9 Australian Index ETF 1,908 -64 359iShrs MSCI Brazil Cpd EWZ Buy 7 1 18.35 37.86 -0.7 12.4 12.5 45.3 * MSCI Brazil 25/50 ETF 5,470 -55 1388iShrs MSCI Canada EWC Sell 87 84 6.15 13.41 0.7 2.8 5.7 15.4 Canadian Index ETF 3,352 -57 334iShrs MSCI Chile Cpd ECH Buy 6 54 18.74 34.34 8.1 * 16.4 * 18.1 * 20.3 MSCI Chile IMI 25/50 ETF 393 iShrs MSCI France EWQ Sell 48 111 10.22 20.11 6.4 * 7.5 10.1 12.9 France Index ETF 331 -61 235iShrs MSCI Germany EWG Sell 47 68 10.25 20.19 4.5 * 8.6 9.5 14.5 Germany Index ETF 4,211 -62 336iShrs MSCI Hng Kng EWH Sell 49 86 9.85 19.31 3.0 14.2 * 2.2 16.1 Hong Kong Index ETF 1,602 -57 253iShrs MSCI India INDA Hold 23 57 14.03 26.24 6.1 * 17.5 * 7.4 17.2 India Equity ETF 4,213 iShrs MSCI Italy Cpd EWI Hold 28 112 12.63 23.19 8.8 * 6.3 17.9 * 9.5 MSCI Italy 25/50 ETF 546 -70 219iShrs MSCI Japan EWJ Sell 86 93 6.22 13.57 0.5 5.4 3.9 15.1 Japan Index ETF 16,160 -52 125iShrs MSCI Malaysia EWM Sell 120 127 0.16 0.35 3.4 8.6 -1.8 -9.5 Malaysia Index ETF 260 -41 175iShrs MSCI Mexico Cpd EWW Sell 50 128 9.57 16.52 11.0 * 16.4 * 6.0 -3.2 MSCI Mexico IMI 25/50 ETF 1,688 -63 450iShrs MSCI PacxJpn EPP Sell 45 51 10.62 23.16 2.9 12.9 8.1 18.5 Asia/Ex Japan Index ETF 2,604 -63 312iShrs MSCI S Korea Cpd EWY Hold 22 50 14.04 26.28 5.7 * 16.3 * 7.7 18.6 MSCI Korea 25/50 ETF 3,067 -69 347iShrs MSCI Singapore EWS Sell 51 70 9.55 18.65 2.2 14.5 * 8.4 9.1 Singapore Index ETF 534 -64 322iShrs MSCI Sweden Cpd EWD Sell 52 93 9.53 18.61 4.2 * 9.9 8.6 11.5 Swedish Index ETF 296 -67 446iShrs MSCI Swiss Cpd EWL Sell 82 108 6.71 14.63 3.0 8.6 4.7 10.5 MSCI Swiss 25/50 ETF 1,068 -51 184iShrs MSCI TaiwanCpd EWT Hold 35 46 11.70 25.53 2.6 13.1 8.3 22.7 Taiwan Index ETF 2,916 -56 169iShrs MSCI UK EWU Sell 99 115 5.02 10.94 2.0 6.1 4.2 7.8 United Kingdom Index ETF 2,573 -63 162iShrs NA Natural Res IGE Sell 108 98 3.16 6.90 -0.6 -4.3 0.3 17.3 Natural Resources ETF 1,094 -52 289iShrs NA Software IGV Hold 18 35 15.14 30.86 3.0 16.2 * 11.5 25.8 Technology ETF 738 -48 163iShrs Nasdaq Biotech IBB Sell 91 62 5.89 12.85 -1.2 10.6 1.5 12.7 Biotech/Pharma ETF 8,728 -31 94iShrs Silver Trust SLV Sell 71 71 7.44 14.05 -0.7 14.2 * -5.2 17.5 Silver Grantor Trust ETF 5,926 -5 iShrs Transport Avg IYT Sell 80 25 6.92 15.09 -3.2 1.0 13.5 16.4 Transportation Index ETF 1,250 -56 iShrs US Basic Matrls IYM Hold 39 44 11.43 24.94 1.0 7.5 13.7 23.5 Basic Materials Indx ETF 762 -61 186iShrs US Cnsmr Goods IYK Sell 95 89 5.56 12.14 0.5 7.8 5.7 8.2 Consumer Goods Indx ETF 562 -41 74iShrs US Consumer Svs IYC Sell 72 85 7.40 16.15 1.3 6.8 10.0 11.6 Consumer Svcs Indx ETF 807 -51 84iShrs US Energy IYE Sell 116 113 1.35 2.95 -1.1 -6.7 -0.1 13.3 Energy Index ETF 1,284 -47 284iShrs US Fin Svc IYG Buy 10 4 17.40 33.59 -2.9 3.0 25.2 * 36.3 * Financial Svcs Index ETF 1,225 -80 119iShrs US Financials IYF Hold 37 16 11.63 23.19 -2.2 2.9 16.7 * 25.2 Financial Index ETF 2,111 -78 119iShrs US Hlthcare IYH Sell 88 67 6.09 13.28 -0.5 8.3 4.3 12.2 Health Care Index ETF 1,883 -37 62iShrs US Home Constr ITB Buy 11 39 16.12 30.80 5.1 * 16.5 * 16.3 18.6 Home Builder Index ETF 1,416 -69 iShrs US Industrials IYJ Sell 59 48 8.73 19.05 -0.3 4.9 11.0 19.4 Industrial Index ETF 1,158 -62 157iShrs US RealEst IYR Sell 113 94 1.56 3.40 -1.5 3.0 -0.3 5.0 Real Estate Index ETF 4,344 -70 186iShrs US Tech IYW Hold 24 18 13.85 30.23 2.6 12.7 14.2 26.0 Tech Index ETF 3,424 -52 165iShrs US Telecom IYZ Sell 118 121 0.63 1.36 -1.9 -5.5 1.9 8.0 Telecomm Index ETF 579 -59 170iShrs US Util IDU Sell 100 60 4.95 10.81 -0.1 6.2 6.6 7.1 Utilities Index ETF 722 -45 200Janus Gl Life Sci JAGLX Sell 75 73 7.15 15.61 0.8 11.9 2.7 13.3 Global Health Care None* 3,229 -39 93Janus Global Tech JAGTX Buy 15 22 15.66 31.98 3.2 13.5 11.6 30.3 * Global Technology None* 1,358 -53 146Matthws Asia Innovators MATFX Sell 57 96 8.89 17.21 2.9 14.6 * 2.8 11.3 Asia Science & Tech None* 109 -60 290Matthws China MCHFX Hold 25 29 13.32 26.87 1.9 15.8 * 8.7 22.8 Foreign/China/Hkong None* 560 -56 476Matthws India MINDX Hold 17 65 15.55 29.56 6.8 * 17.4 * 9.1 20.8 Foreign/India None* 1,762 -67 Matthws Korea MAKOX Hold 40 76 11.04 19.73 4.6 * 16.4 * 5.6 9.6 Foreign/Korea None* 175 -66 288PIMCO ComRealRet PCRDX Sell 114 95 1.52 3.32 -2.7 -1.9 0.5 10.2 Commodities/TIPS None* 6,709 -44 PwrSh Food & Bevrg PBJ Sell 112 124 1.81 3.95 0.3 -0.1 2.5 4.6 Food/Beverage Idx ETF 148 -39 PwrSh Goldn Drgn PGJ Hold 27 80 12.64 23.22 4.1 * 18.9 * 4.1 15.4 USX China ETF 143 -64 PwrSh Pharma PJP Sell 124 119 -1.01 -2.20 -3.4 4.9 -4.3 -1.3 Pharmaceuticals Idx ETF 805 -33 PwrSh Water Resrces PHO Sell 68 66 7.82 17.06 0.2 5.9 6.1 19.1 Water Intellidex ETF 787 -54 SPDR Consr Discr XLY Sell 63 83 8.60 18.75 2.1 8.4 10.9 13.0 S&P Cons Discr Index ETF 12,276 -57 85SPDR Consr Stpls XLP Sell 104 104 3.76 8.19 -0.4 6.1 3.9 5.5 S&P Cons Staples Index ETF 8,790 -29 53SPDR Energy XLE Sell 110 100 1.91 4.17 -1.5 -6.6 0.1 15.7 S&P Energy Index ETF 17,376 -48 299SPDR Financial XLF Buy 12 7 15.89 30.31 -3.0 2.4 24.0 * 32.1 * S&P Financial Idx ETF 25,489 -82 115SPDR Gold Shrs GLD Sell 117 125 0.82 1.80 -0.4 8.3 -5.5 0.9 Specialty-Precious Metals ETF 33,135 24 SPDR Health Care XLV Sell 92 74 5.80 12.65 -0.5 8.3 4.0 11.5 S&P Health Care Index ETF 16,289 -38 51SPDR Industrial XLI Sell 55 42 9.19 20.05 -0.8 5.0 12.6 19.9 S&P Industrial Index ETF 11,191 -62 152SPDR Material Sel XLB Sell 56 63 9.14 19.93 0.6 5.8 10.8 19.3 S&P Materials Idx ETF 3,807 -57 191SPDR S&P Biotech XBI Buy 14 5 15.78 30.06 -1.2 17.2 * 4.7 34.5 * Non Divrsfd Biotech Idx ETF 3,051 -26 SPDR S&P Homebldrs XHB Sell 61 101 8.66 18.89 3.5 10.2 10.1 10.8 EqWtd Homebldrs Mkt ETF 1,100 -63 SPDR S&P Region Bank KRE Buy 4 2 19.88 39.01 -4.7 -1.4 30.1 * 47.5 * S&P Regional Banks Index ETF 4,259 SPDR S&P Retail XRT Sell 126 129 -3.77 -8.22 -1.4 -3.9 -2.4 -7.4 S&P Retail ETF 727 -54 SPDR Technology XLK Hold 33 27 11.92 26.00 2.2 10.7 12.5 22.3 S&P Technology Index ETF 16,699 -51 150SPDR Utilities XLU Sell 101 59 4.94 10.79 -0.1 6.4 6.5 6.9 S&P Utilities Index ETF 6,631 -42 221TRPrice Fin Svcs PRISX Hold 19 11 14.58 27.44 -1.6 3.0 18.9 * 29.9 * Financial Services None* 833 -66 132TRPrice Japan PRJPX Sell 66 72 8.18 17.84 1.6 8.7 3.6 18.7 Foreign/Japan 90d:2% 469 -55 134

AmCen Utilities BULIX Sell 106 87 3.28 7.17 -0.7 1.2 5.3 7.3 Utilities None* 584 -46 218C&S Realty Shrs CSRSX Sell 121 106 0.03 0.06 -2.5 1.5 -2.2 3.3 US REITs None* 5,230 -68 243Columbia EmgMktConsm ECON Sell 83 90 6.69 14.60 3.3 12.1 0.7 10.7 EmgMkt ConsmrTitan30 ETF 707 Fidelity Canada FICDX Sell 102 110 4.48 9.77 0.8 2.0 3.4 11.7 Canada 90d:1.5% 1,348 -55 335Fidelity Emg Asia FSEAX Sell 44 78 10.80 21.37 4.1 * 13.8 4.3 17.0 SEast Asia Cnty Wtd 90d:1.5% 888 -62 463Fidelity Japan FJPNX Sell 85 93 6.54 14.26 1.5 7.3 2.5 14.8 Japan 90d:1.5% 411 -57 134Fidelity Real Est FRESX Sell 125 117 -1.22 -2.67 -2.3 -0.4 -3.3 1.0 Real Estate/REITs None* 4,619 -72 198Fidelity Sel AirTran FSAIX Sell 65 32 8.43 16.21 -2.3 0.0 16.5 * 15.5 Air Transportation 30d:.75% 394 -68 208Fidelity Sel Auto FSAVX Sell 96 92 5.40 11.78 0.7 6.0 9.0 5.9 Automotive 30d:.75% 54 -80 132Fidelity Sel Banking FSRBX Buy 9 3 17.76 34.38 -4.1 0.2 27.4 * 39.5 * Banking 30d:.75% 1,261 -75 90Fidelity Sel Biotech FBIOX Hold 34 23 11.86 23.69 -0.8 15.8 * 5.0 23.4 Biotech None* 9,578 -27 108Fidelity Sel Broker FSLBX Sell 43 24 10.84 21.47 -1.2 4.0 16.7 * 19.9 Broker/Investment Mgt 30d:.75% 405 -65 228Fidelity Sel Chemical FSCHX Buy 8 14 18.12 35.18 1.8 12.1 20.5 * 30.1 * Chemicals None* 1,626 -52 211Fidelity Sel CommsEqp FSDCX Sell 54 36 9.37 20.44 1.0 5.1 7.8 23.6 Communciations 30d:.75% 205 -60 224Fidelity Sel Computer FDCPX Buy 2 6 20.36 37.87 3.6 15.9 * 16.9 * 32.9 * Tech/Computers 30d:.75% 472 -57 177Fidelity Sel ConsDiscrt FSCPX Sell 84 109 6.65 14.51 1.9 6.7 7.0 10.9 Consumer Goods/Svcs None* 833 -55 75Fidelity Sel ConsFin FSVLX Sell 58 26 8.74 19.08 -2.5 2.2 13.2 22.1 Real Estate/Mortgages 30d:.75% 102 -81 63Fidelity Sel ConsHous FSHOX Sell 73 81 7.34 16.02 1.9 6.8 9.9 10.7 Housing/Construction 30d:.75% 404 -56 153Fidelity Sel ConStpl FDFAX Sell 89 79 6.07 13.24 1.2 9.3 6.5 7.3 Food/Agricultural None* 2,858 -35 101Fidelity Sel DefAero FSDAX Sell 41 19 11.03 24.06 -2.0 5.0 14.9 26.2 Defense/Aerospace None* 1,584 -61 224Fidelity Sel Energy FSENX Sell 105 99 3.40 7.42 -0.8 -6.4 -0.5 21.3 Energy/Natural Resource None* 2,291 -58 331Fidelity Sel EngySvc FSESX Sell 64 15 8.55 18.66 -2.5 -4.4 12.7 28.4 Energy Services 30d:.75% 736 -68 346Fidelity Sel Fin Svs FIDSX Hold 30 12 12.15 24.32 -2.6 1.6 19.2 * 26.4 Financial Services None* 1,019 -73 118Fidelity Sel Health Care FSPHX Sell 74 52 7.28 15.88 -0.6 12.3 3.0 14.4 Health Care None* 6,629 -42 83Fidelity Sel Hlth Care Svcs FSHCX Sell 78 56 7.03 15.34 -1.4 7.5 10.0 12.1 Health Care Svcs 30d:.75% 760 -53 112Fidelity Sel IndEqup FSCGX Sell 94 82 5.73 12.51 -0.4 3.3 7.1 12.9 Industrial Equipment 30d:.75% 185 -64 197Fidelity Sel Industrials FCYIX Sell 79 58 6.99 15.26 -1.2 3.0 11.2 14.9 Cyclical Industries None* 1,003 -61 215Fidelity Sel Insurance FSPCX Sell 56 37 9.14 19.95 -1.0 2.9 13.0 21.6 Insurance 30d:.75% 649 -69 122Fidelity Sel IT Svcs FBSOX Sell 77 53 7.13 15.56 0.3 7.3 8.2 12.7 Business Svcs/Outsource None* 1,665 -44 161Fidelity Sel Leisure FDLSX Sell 53 116 9.47 18.49 3.7 * 7.1 12.1 11.0 Leisure/Entertainment 30d:.75% 404 -48 158Fidelity Sel Materials FSDPX Sell 46 45 10.36 22.59 0.4 7.7 12.4 20.9 Industrial Materials None* 1,568 -57 288Fidelity Sel Med Eq FSMEX Hold 28 38 12.63 25.37 1.8 14.7 * 2.7 27.3 Medical Equipment None* 3,130 -35 122Fidelity Sel MultiMedia FBMPX Hold 20 31 14.39 29.21 2.2 10.8 18.3 * 22.3 Broadcast Media 30d:.75% 680 -60 138Fidelity Sel NatGas FSNGX Sell 70 28 7.48 14.15 -0.9 -7.0 2.6 31.2 * Natural Gas 30d:.75% 482 -60 318Fidelity Sel NatRescs FNARX Sell 106 105 3.28 7.16 -0.4 -5.2 -1.3 20.0 Natural Resources 30d:.75% 912 -56 345Fidelity Sel Pharm FPHAX Sell 115 122 1.42 3.09 0.5 6.8 -2.8 1.2 Pharmaceuticals None* 1,002 -35 97Fidelity Sel Retail FSRPX Sell 76 91 7.14 15.59 1.7 7.2 7.3 12.4 Retailers None* 1,925 -48 109Fidelity Sel Semicon FSELX Buy 5 9 18.76 38.75 3.3 9.5 14.3 43.9 * Electronics 30d:.75% 3,011 -59 172Fidelity Sel Software & IT FSCSX Hold 36 41 11.69 25.50 1.7 11.2 9.5 24.3 Software/Computer Svcs None* 4,165 -48 197Fidelity Sel Tech FSPTX Buy 3 13 20.17 37.47 4.0 * 17.4 * 14.9 32.4 * Technology None* 4,113 -60 199Fidelity Sel Telecom FSTCX Sell 102 97 4.48 9.77 -0.1 0.1 5.8 12.1 Telecommunications None* 760 -59 257Fidelity Sel Transport FSRFX Sell 81 30 6.73 14.68 -3.4 -0.3 13.3 17.3 Transportation 30d:.75% 645 -58 180Fidelity Sel Wireless FWRLX Hold 31 33 12.04 26.27 3.4 12.1 12.4 20.2 Wireless Communication 30d:.75% 239 -55 388FirstTrust DJ Internet FDN Hold 29 47 12.32 26.88 2.1 10.3 7.9 28.9 DJ Internet Idx ETF 3,875 FirstTrust Health Care FXH Sell 93 69 5.75 12.54 -0.5 8.9 2.6 12.0 Health Care ETF 966 FlexShrs Gl UpstrmNatRes GUNR Sell 60 49 8.69 18.96 -0.1 3.2 7.8 23.9 Natural Resources ETF 4,097 GAMCO Global Tel GABTX Sell 104 120 3.76 8.20 1.4 5.2 4.4 4.0 Large/Global/Telecom 7d:2% 96 -56 262Gugh S&P500 Eq Wt Tech RYT Hold 16 20 15.65 31.96 2.2 11.6 14.9 30.0 * Technology ETF 1,112 Hennessy Gas Util Idx GASFX Sell 90 77 6.02 13.14 0.5 5.5 4.5 13.5 Natural Gas 90d:1% 1,462 -43 182ICON Energy ICENX Sell 107 103 3.26 7.10 -0.2 -4.6 2.6 15.3 Energy None* 334 -45 325iShrs C&S REIT ICF Sell 123 114 -0.88 -1.91 -2.3 0.9 -2.6 0.5 C&S Realty Index ETF 3,398 -73 222iShrs China Lg Cp FXI Sell 67 61 8.02 17.51 0.8 10.9 3.3 17.1 FTSE China 25 Index ETF 3,033 -62




aggressive: primarily sector and specialized stock funds. high risk and volatility.


Rank

Score CPR



Fee

Total Assets$ Mil

PAST RETURNS

ThisMo

LastMo


Bull10/9/02-10/9/071 Mo 3 Mo 6 Mo 12 Mo

aggressive: primarily stock funds seeking capital appreciation. above average risk and volatility.

Class 1 (132 Funds) Averages 0.9 7.0 7.9 16.8 -56 239

S&P 500 (SPY) 0.1 5.9 10.1 17.1 -55 121

Nasdaq 100 (QQQ) 2.0 12.0 12.1 22.5 -55 152

USAA Science & Tech USSCX Hold 38 40 11.56 25.22 2.3 13.7 8.9 21.4 Technology None* 1,084 VanEck Vect Agribus MOO Sell 69 75 7.55 16.47 -0.4 4.1 9.3 17.2 DAX Globl Agribusiness ETF 831 -46 VanEck Vect Gld Minrs GDX Sell 109 123 2.49 5.43 -0.2 9.0 -13.4 14.6 NYSE Arca Gld Miners ETF 11,051 -30 VanEck Vect Semicon SMH Buy 1 10 21.28 42.07 4.3 * 11.3 15.7 45.9 * Semiconductors ETF 578 -56 Vang Consr Disc VCR Sell 62 82 8.65 18.87 2.2 7.9 11.1 13.4 Consumer Discretionary ETF 2,312 -59 Vang Consr Stpl VDC Sell 103 102 4.00 8.73 -0.2 5.6 4.1 6.5 Lg Blnd Consum Stpl ETF 4,265 -31 Vang Energy VDE Sell 111 107 1.87 4.08 -1.1 -7.0 0.2 15.4 Energy ETF 5,148 -49 Vang Hlth Care VHT Sell 83 64 6.69 14.60 -0.2 9.1 4.5 13.4 Health ETF 6,770 -38 Vang Info Tech VGT Hold 26 21 13.25 28.91 2.3 11.9 13.4 25.4 Technology ETF 12,278 -52 Vang Telcom Svs VOX Sell 119 118 0.29 0.64 -2.1 -4.5 2.2 5.6 Telecommunications ETF 1,510 -54 Vang Utilities VPU Sell 97 55 5.36 11.70 -0.1 6.1 7.1 8.3 Non Divrsfd Utilities Idx ETF 3,044 -43 WTree Japan Hedg Eq DXJ Sell 42 43 10.87 21.53 -0.2 2.2 19.1 * 18.3 Japan Currency Hedged ETF 8,769

Akre Focus AKREX Sell 100 89 6.39 13.95 0.6 6.0 6.1 12.9 Mid Growth 30d:1% 5,842 Amana Gr AMAGX Sell 65 34 8.96 19.55 1.3 9.3 9.1 16.1 Sharia Large Gro None* 1,516 -41 209AmBeacon Sm Cap Val AVPAX Hold 16 10 11.98 21.78 -0.4 1.0 14.8 * 24.6 * Small Value None* 7,117 AmCen Int’l Gr TWIEX Sell 103 111 6.21 11.36 4.3 * 8.2 2.4 5.8 Foreign Large Growth 60d:2% 1,489 -59 166AmCen Select TWCIX Sell 56 46 9.32 20.34 1.4 8.9 10.4 16.5 Large Growth None* 2,563 -50 76AMG Brandywine BRWIX Sell 76 80 7.85 17.13 0.6 6.4 7.2 17.2 Small- Mid-Cap/Growth None* 739 -54 134AMG Special Eq MGSEX Sell 40 43 10.37 22.64 1.6 6.2 10.2 23.5 Small Blend None* 208 -62 151AMG Yacktman Foc YAFFX Sell 54 84 9.46 20.64 2.5 8.5 11.2 15.6 Large-Cap Value 60d:2% 4,605 -44 112Ariel Appreciation CAAPX Hold 30 44 10.90 21.59 1.1 7.4 11.5 * 19.7 SRI Mid-Cap Val None* 1,786 -61 111Artisan Global Opp ARTRX Sell 61 86 9.10 17.68 2.1 10.4 * 3.9 16.0 Global Large Growth None* 1,914 Baron Asset Retail BARAX Sell 45 25 9.97 21.76 1.0 10.1 10.1 18.8 Small- Mid-Cap/Growth None* 2,670 -57 167Baron Growth Retail BGRFX Sell 48 61 9.84 21.48 2.1 10.3 10.2 16.7 Small- Cap/Growth None* 5,862 -56 152Baron Opp Retail BIOPX Buy 6 38 13.29 24.63 3.5 * 15.0 * 8.0 18.7 Mid-Cap Growth/Internet None* 218 -57 323Baron Partners Retail BPTRX Buy 2 39 14.84 25.83 3.5 * 12.0 * 12.0 * 19.8 Mid-Cap Growth None* 1,657 -65 Baron Small Cap Retail BSCFX Hold 34 33 10.74 23.44 1.9 8.5 9.9 22.7 Small-Cap None* 3,412 -55 160Berwyn Fund BERWX Sell 53 72 9.60 18.75 1.2 -2.2 11.9 * 23.5 Small-Mid Cap Value 60d:1% 125 -57 159Buffalo Mid Cap BUFMX Sell 105 97 5.94 12.96 0.4 4.6 5.8 12.9 Mid-Cap Growth None* 374 -54 187Conestoga Sm Cap CCASX Sell 53 73 9.60 20.95 2.3 4.0 9.2 22.9 Small Growth None* 961 Delafield DEFIX Sell 75 28 7.93 17.30 -0.2 2.6 9.9 19.4 Small- Mid-Cap Value None* 416 -59 186Dreyf Mid Cap Indx PESPX Sell 49 35 9.75 19.09 -0.4 3.8 11.3 * 20.3 S&P 400 Mid-Cap Index None* 3,780 -55 159Driehs Emg Mkt Gr DREGX Sell 46 100 9.94 17.33 3.6 * 10.8 * 2.9 14.4 Foreign/Emerging Mkts 60d:2% 1,396 -60 528Eventide Gilead ETGLX Sell 60 57 9.20 20.07 1.6 8.7 7.7 18.9 SRI Mid Growth None* 1,305 Fidelity Cap Apprec FDCAX Sell 79 88 7.72 16.84 1.6 7.2 8.9 13.2 Large-Cap/Agg Growth None* 7,104 -58 177Fidelity Emg Mkts FEMKX Hold 28 92 11.04 19.72 4.5 * 13.6 * 3.5 14.6 Emerg Mrkts/Foreign 90d:1.5% 3,721 -67 458Fidelity Intl SmCap FISMX Sell 78 85 7.81 17.03 2.8 8.8 4.5 15.2 Small-Cap/Foreign 90d:2% 1,159 -59 381Fidelity LoPrice Stk FLPSX Sell 101 94 6.34 13.83 0.9 4.3 7.8 12.4 Mid-Cap Blend None* 39,006 -54 176Fidelity Lvrg CoStk FLVCX Sell 37 52 10.55 20.84 0.9 7.4 11.9 * 18.0 Md Cp Blnd Leveraged Co None* 3,219 -69 495Fidelity Nasdaq Comp ONEQ Buy 4 8 13.89 25.94 1.7 10.4 * 12.2 * 23.3 Nasdaq Comp Mid Gro ETF 762 -54 Fidelity OTC FOCPX Buy 1 2 16.58 29.62 2.1 13.0 * 11.6 * 27.6 * Nasdaq/OTC Stocks None* 13,881 -56 159Fidelity Overseas FOSFX Sell 84 106 7.51 14.20 3.7 * 8.6 4.0 9.7 Large Blend/Foreign None* 5,536 -62 223


Class 2 - Stock Fundsaggressive: primarily stock funds seeking capital appreciation. above average risk and volatility.


Rank

Score CPR



Fee

Total Assets$ Mil

PAST RETURNS

ThisMo

LastMo


Bull10/9/02-10/9/071 Mo 3 Mo 6 Mo 12 Mo

USAA Science & Tech USSCX Hold 38 40 11.56 25.22 2.3 13.7 8.9 21.4 Technology None* 1,084 VanEck Vect Agribus MOO Sell 69 75 7.55 16.47 -0.4 4.1 9.3 17.2 DAX Globl Agribusiness ETF 831 -46 VanEck Vect Gld Minrs GDX Sell 109 123 2.49 5.43 -0.2 9.0 -13.4 14.6 NYSE Arca Gld Miners ETF 11,051 -30 VanEck Vect Semicon SMH Buy 1 10 21.28 42.07 4.3 * 11.3 15.7 45.9 * Semiconductors ETF 578 -56 Vang Consr Disc VCR Sell 62 82 8.65 18.87 2.2 7.9 11.1 13.4 Consumer Discretionary ETF 2,312 -59 Vang Consr Stpl VDC Sell 103 102 4.00 8.73 -0.2 5.6 4.1 6.5 Lg Blnd Consum Stpl ETF 4,265 -31 Vang Energy VDE Sell 111 107 1.87 4.08 -1.1 -7.0 0.2 15.4 Energy ETF 5,148 -49 Vang Hlth Care VHT Sell 83 64 6.69 14.60 -0.2 9.1 4.5 13.4 Health ETF 6,770 -38 Vang Info Tech VGT Hold 26 21 13.25 28.91 2.3 11.9 13.4 25.4 Technology ETF 12,278 -52 Vang Telcom Svs VOX Sell 119 118 0.29 0.64 -2.1 -4.5 2.2 5.6 Telecommunications ETF 1,510 -54 Vang Utilities VPU Sell 97 55 5.36 11.70 -0.1 6.1 7.1 8.3 Non Divrsfd Utilities Idx ETF 3,044 -43 WTree Japan Hedg Eq DXJ Sell 42 43 10.87 21.53 -0.2 2.2 19.1 * 18.3 Japan Currency Hedged ETF 8,769

Fidelity Stk Sel AllCp FDSSX Sell 52 24 9.61 20.98 0.7 8.0 10.2 19.6 Large-Cap/Blend None* 7,448 -57 127Fidelity Stk Sel SmCp FDSCX Sell 90 47 7.03 15.33 -1.1 1.8 8.7 18.7 Small-Cap Blend 90d:1.5% 1,590 -65 139Fidelity Trend FTRNX Sell 62 51 9.01 19.65 1.2 9.1 8.5 17.2 Large-Cap/Momentum None* 1,605 -55 137Fidelity Value Strategies FSLSX Sell 64 20 8.97 19.58 -0.2 6.2 11.1 18.8 Mid Cap Blend None* 1,147 -69 209Gabelli Sm Cp Gr GABSX Sell 39 60 10.41 20.52 1.5 4.6 11.6 * 20.0 Small-Cap Growth 7d:2% 3,675 -51 177Gugh S&P400 MdCp Gr RFG Sell 89 93 7.07 15.43 0.9 5.6 9.1 12.7 S&P MidCp Pure Gr Idx ETF 544 Harbor Cap Appr Inv HCAIX Sell 44 58 10.02 19.69 1.8 10.5 * 8.3 15.4 Large-Cap Growth (HACAX) None* 25,604 -47 Harbor Intl Gr Inv HIIGX Sell 87 107 7.21 13.54 3.6 * 10.1 1.4 9.7 Lg Foreign Gr (HAIGX) None* 309 -61 Hennessy CorSt Gr HFCGX Sell 110 110 3.13 6.83 0.5 -0.4 4.2 8.2 Mid-small Cap Growth None* 213 -60 150Hennessy Sm Cp Fin HSFNX Buy 9 1 12.80 23.56 -2.8 -5.0 19.1 * 31.9 * Small-Cap Financial None* 255 -32 70Hodges Fund HDPMX Sell 36 3 10.61 20.97 -1.4 -0.5 9.7 30.6 * Multi-Cap Blend 30d:1% 436 -70 331Hodges Small Cap HDPSX Sell 108 66 5.34 11.65 -2.1 -2.3 8.9 16.8 Small-Cap Blend 30d:1% 1,243 iShrs AllCtryAsiaXJpn AAXJ Buy 13 78 12.23 22.31 3.8 * 14.6 * 5.2 17.3 Pac/Asia X-Jpn ETF 2,613 iShrs Core S&P SmCp IJR Hold 27 17 11.38 20.47 -0.1 0.9 12.2 * 24.5 * S&P600 SmCp Index ETF 29,874 -58 169iShrs EAFE Sm Cp SCZ Sell 91 90 6.95 15.17 2.5 8.6 4.8 11.8 MSCI EAFE Small Cap ETF 6,900 iShrs MSCI EAFE Gr Idx EFG Sell 97 108 6.66 12.35 3.4 * 9.1 2.3 7.9 International Gro Index ETF 2,533 -57 iShrs MSCI Emg Mkts EEM Hold 17 68 11.96 21.72 3.7 * 12.5 * 6.4 17.2 Emerg Mrkts Indx ETF 28,090 -59 iShrs MSCI EMU EZU Sell 41 95 10.34 20.38 6.2 * 8.7 9.7 12.8 Europe Ex UK Index ETF 8,009 -64 261iShrs Rusl 2000 IWM Hold 16 11 11.98 21.77 0.0 2.2 11.5 * 26.2 * Small-Cap Index ETF 36,833 -58 173iShrs Rusl 2000 Gro IWO Sell 51 45 9.66 21.08 1.1 5.2 9.2 23.2 Small-Cap Growth Index ETF 7,945 -58 172iShrs Rusl 2000 Val IWN Buy 12 4 12.51 22.93 -0.8 -0.3 13.9 * 29.3 * Small-Cap Value Index ETF 9,065 -59 171iShrs Rusl MicroCp IWC Hold 32 19 10.79 21.35 1.0 0.0 10.5 27.7 * Microcap Index ETF 857 -64 iShrs Rusl MidC IWR Sell 85 63 7.50 16.36 -0.2 5.0 8.4 16.8 Midcap Index ETF 15,554 -58 188iShrs Rusl MidC Gr IWP Sell 89 83 7.07 15.43 0.5 6.8 7.2 13.8 Midcap Gr ETF 7,213 -57 174iShrs S&P SmCp 600 Gr IJT Hold 19 27 11.80 21.38 0.3 2.2 12.2 * 24.4 * Small-Cap Growth Index ETF 4,407 -58 170iShrs S&P SmCp 600 Val IJS Hold 33 14 10.75 19.09 -0.7 -0.5 12.0 * 24.2 * Small-Cap Value Index ETF 5,020 -59 166iShrs S&P400 Gr IJK Sell 72 54 8.38 18.29 -0.2 5.0 9.9 18.8 Mid-Cap Growth Index ETF 6,239 -53 139Janus Global Sel JORNX Sell 47 69 9.87 21.53 2.5 9.1 10.8 17.1 Global Multi-Cap None* 1,867 -60 247Janus Overseas JAOSX Hold 29 98 11.01 19.67 4.1 * 10.8 * 6.9 14.2 Foreign/Growth None* 1,516 -60 354Janus Research JAMRX Sell 83 71 7.52 16.41 0.8 8.7 7.6 13.0 Large-Cap Growth None* 4,426 -57 136Kinetics Paradigm WWNPX Sell 80 30 7.68 16.75 -1.0 1.4 7.9 22.4 Mid-Lrg Value 30d:2% 832 -67 267Marsico 21st Century MXXIX Sell 54 56 9.46 18.46 1.4 11.2 * 6.9 14.3 Multi-Cap Growth None* 226 -62 200Marsico Focus MFOCX Sell 73 103 8.35 16.05 2.4 11.9 * 5.9 9.2 Multi-Cap Growth None* 538 -54 104Matthws Asia Div MAPIX Sell 42 104 10.30 18.12 4.4 * 11.7 * 3.5 13.6 Asia Lg Value None* 5,043 Matthws Asia Gr MPACX Sell 104 109 6.03 10.96 3.0 * 8.3 -1.1 9.8 Foreign/All Asia None* 641 -53 Matthws PacTiger MAPTX Sell 50 102 9.68 16.77 3.7 * 12.7 * 2.0 12.3 Foreign/Asia/Ex Japan None* 7,129 -56 356NeubB Genesis NBGNX Sell 74 53 8.14 17.75 -0.5 3.0 10.4 19.7 Mid-Cap Growth None* 11,504 -47 171Nicholas II NNTWX Sell 86 59 7.42 16.18 0.0 8.0 9.1 12.6 Mid-Cap Growth None* 759 -46 115Northern Sm Cap Val NOSGX Hold 31 15 10.85 19.30 -0.9 -0.5 12.9 * 23.8 * Small-Cap Value None* 3,771 -55 160OakA WhiteOak Sel Gr WOGSX Sell 41 21 10.34 20.39 -1.1 4.6 11.6 * 22.3 Large-Cap Growth None* 281 -52 111Oakmark Intl Sm Cap OAKEX Hold 22 48 11.59 23.10 3.7 * 9.6 11.2 17.8 Foreign Small/Mid Blend 90d:2% 2,449 -64 279Oakmark Select OAKLX Buy 11 9 12.61 23.16 0.1 3.0 13.6 * 25.8 * Large Blend None* 5,811 -58 104Parnassus PARNX Sell 57 50 9.31 20.31 0.4 5.1 11.2 20.6 SRI Lg Cp Gr None* 955 -52 114Pax ESG Beta Qual PXWGX Sell 93 67 6.88 15.00 0.3 5.8 9.0 12.4 SRI Mid-Cp Growth None* 199 -53 109Pax Gl Envir Mkts PGRNX Sell 96 82 6.83 14.90 0.9 6.6 4.4 15.4 SRI Small World None* 388 Perkins Sm-Cap Value JSCVX Hold 25 26 11.42 20.55 -0.1 1.8 12.2 * 23.8 * Small Value None* 2,528 PwrSh DWA Momentum PDP Sell 94 75 6.86 14.97 0.4 7.8 7.3 12.0 Dorsey Wright Tech Leaders ETF 1,431 PwrSh HiYld Eq Div Ach PEY Sell 55 23 9.40 18.33 -0.8 1.5 9.3 23.6 * Div Achivers 500 Idx ETF 1,129 -71 PwrSh QQQ QQQ Buy 3 7 14.13 26.47 2.0 12.0 * 12.1 * 22.5 Large/Nasdaq 100 Index ETF 46,377 -52 171PwrSh S&P500 Hi Qlty SPHQ Sell 88 65 7.16 15.62 0.2 5.4 9.8 13.3 Hi Quality S&P500 ETF 1,186 -57 Rydex Nasdaq 100 RYOCX Buy 5 18 13.55 25.19 1.9 11.7 * 11.4 * 21.2 Nasdaq 100 Index None* 894 -52 158Schwab Sm Cap Idx SWSSX Buy 14 13 12.10 22.03 0.2 2.5 11.5 * 26.2 * Small Blend None* 3,025 -59 Scout Sm Cp UMBHX Hold 24 6 11.48 22.88 0.4 6.8 12.9 * 21.8 Small Growth None* 220 -55 170SPDR EmgMkt SmCp EWX Buy 8 29 13.06 24.14 3.1 * 14.2 * 7.4 19.6 S&P Emg Mkts Small Cap ETF 363 SPDR Eur STOXX 50 FEZ Buy 15 91 12.05 21.92 6.5 * 8.9 11.5 * 13.3 Dow Jones EuroStoxx Indx ETF 2,368 -62 SPDR S&P Intl Sm Cp GWX Sell 83 77 7.52 16.40 1.8 8.7 4.5 15.0 S&P Dvlped SmCp ExUS ETF 753 SPDR SP600 SmCp Gr SLYG Hold 20 32 11.75 21.28 0.4 2.4 11.9 * 24.4 * Small-Cap Growth Index ETF 1,246 -59 197SPDR SP600 SmCp Val SLYV Hold 35 16 10.73 19.05 -0.6 -0.4 11.9 * 24.0 * Small-Cap Value Index ETF 1,041 -59 160TCW Sel Eq N TGCNX Sell 59 79 9.26 18.03 2.6 12.6 * 5.7 12.2 Large-Cap Growth None* 911 -52 123TETON Mighty Mites WEMMX Hold 18 69 11.91 21.62 2.0 2.0 11.6 * 24.0 * Sm Blend 7d:2% 1,185 TiaaCref Mid-Cap Gro TCMGX Sell 81 87 7.67 16.74 1.4 8.1 6.8 14.4 Mid Growth None* 1,503 TiaaCref Sm-Cap Eqty TCSEX Buy 10 5 12.69 23.32 -0.3 3.0 13.5 * 26.5 * Small Growth None* 3,426 TRPrice European PRESX Sell 102 113 6.31 11.59 5.7 * 9.5 3.4 2.6 Foreign/Europe 90d:2% 980 -59 206TRPrice New Amer Gr PRWAX Buy 7 22 13.15 24.33 1.7 11.9 * 11.7 * 19.2 Large-Cap Growth None* 3,575 -49 139Value Line Larger Co Foc VALLX Hold 23 41 11.49 22.89 2.5 12.7 * 7.0 19.7 Leveraged Growth None* 236 -51 91Value Line Premier Gr VALSX Sell 99 74 6.61 14.43 0.1 7.0 6.8 12.5 Special Situations None* 326 -55 144Vang Emg Mkts Idx VWO Sell 38 64 10.53 20.80 2.8 11.2 * 6.3 17.8 Emerging Mkts ETF 67,964 -61 Vang Explorer VEXPX Sell 63 49 9.00 19.64 0.5 6.2 8.6 20.7 Small-Cap Growth None* 11,950 -57 161

Akre Focus AKREX Sell 100 89 6.39 13.95 0.6 6.0 6.1 12.9 Mid Growth 30d:1% 5,842 Amana Gr AMAGX Sell 65 34 8.96 19.55 1.3 9.3 9.1 16.1 Sharia Large Gro None* 1,516 -41 209AmBeacon Sm Cap Val AVPAX Hold 16 10 11.98 21.78 -0.4 1.0 14.8 * 24.6 * Small Value None* 7,117 AmCen Int’l Gr TWIEX Sell 103 111 6.21 11.36 4.3 * 8.2 2.4 5.8 Foreign Large Growth 60d:2% 1,489 -59 166AmCen Select TWCIX Sell 56 46 9.32 20.34 1.4 8.9 10.4 16.5 Large Growth None* 2,563 -50 76AMG Brandywine BRWIX Sell 76 80 7.85 17.13 0.6 6.4 7.2 17.2 Small- Mid-Cap/Growth None* 739 -54 134AMG Special Eq MGSEX Sell 40 43 10.37 22.64 1.6 6.2 10.2 23.5 Small Blend None* 208 -62 151AMG Yacktman Foc YAFFX Sell 54 84 9.46 20.64 2.5 8.5 11.2 15.6 Large-Cap Value 60d:2% 4,605 -44 112Ariel Appreciation CAAPX Hold 30 44 10.90 21.59 1.1 7.4 11.5 * 19.7 SRI Mid-Cap Val None* 1,786 -61 111Artisan Global Opp ARTRX Sell 61 86 9.10 17.68 2.1 10.4 * 3.9 16.0 Global Large Growth None* 1,914 Baron Asset Retail BARAX Sell 45 25 9.97 21.76 1.0 10.1 10.1 18.8 Small- Mid-Cap/Growth None* 2,670 -57 167Baron Growth Retail BGRFX Sell 48 61 9.84 21.48 2.1 10.3 10.2 16.7 Small- Cap/Growth None* 5,862 -56 152Baron Opp Retail BIOPX Buy 6 38 13.29 24.63 3.5 * 15.0 * 8.0 18.7 Mid-Cap Growth/Internet None* 218 -57 323Baron Partners Retail BPTRX Buy 2 39 14.84 25.83 3.5 * 12.0 * 12.0 * 19.8 Mid-Cap Growth None* 1,657 -65 Baron Small Cap Retail BSCFX Hold 34 33 10.74 23.44 1.9 8.5 9.9 22.7 Small-Cap None* 3,412 -55 160Berwyn Fund BERWX Sell 53 72 9.60 18.75 1.2 -2.2 11.9 * 23.5 Small-Mid Cap Value 60d:1% 125 -57 159Buffalo Mid Cap BUFMX Sell 105 97 5.94 12.96 0.4 4.6 5.8 12.9 Mid-Cap Growth None* 374 -54 187Conestoga Sm Cap CCASX Sell 53 73 9.60 20.95 2.3 4.0 9.2 22.9 Small Growth None* 961 Delafield DEFIX Sell 75 28 7.93 17.30 -0.2 2.6 9.9 19.4 Small- Mid-Cap Value None* 416 -59 186Dreyf Mid Cap Indx PESPX Sell 49 35 9.75 19.09 -0.4 3.8 11.3 * 20.3 S&P 400 Mid-Cap Index None* 3,780 -55 159Driehs Emg Mkt Gr DREGX Sell 46 100 9.94 17.33 3.6 * 10.8 * 2.9 14.4 Foreign/Emerging Mkts 60d:2% 1,396 -60 528Eventide Gilead ETGLX Sell 60 57 9.20 20.07 1.6 8.7 7.7 18.9 SRI Mid Growth None* 1,305 Fidelity Cap Apprec FDCAX Sell 79 88 7.72 16.84 1.6 7.2 8.9 13.2 Large-Cap/Agg Growth None* 7,104 -58 177Fidelity Emg Mkts FEMKX Hold 28 92 11.04 19.72 4.5 * 13.6 * 3.5 14.6 Emerg Mrkts/Foreign 90d:1.5% 3,721 -67 458Fidelity Intl SmCap FISMX Sell 78 85 7.81 17.03 2.8 8.8 4.5 15.2 Small-Cap/Foreign 90d:2% 1,159 -59 381Fidelity LoPrice Stk FLPSX Sell 101 94 6.34 13.83 0.9 4.3 7.8 12.4 Mid-Cap Blend None* 39,006 -54 176Fidelity Lvrg CoStk FLVCX Sell 37 52 10.55 20.84 0.9 7.4 11.9 * 18.0 Md Cp Blnd Leveraged Co None* 3,219 -69 495Fidelity Nasdaq Comp ONEQ Buy 4 8 13.89 25.94 1.7 10.4 * 12.2 * 23.3 Nasdaq Comp Mid Gro ETF 762 -54 Fidelity OTC FOCPX Buy 1 2 16.58 29.62 2.1 13.0 * 11.6 * 27.6 * Nasdaq/OTC Stocks None* 13,881 -56 159Fidelity Overseas FOSFX Sell 84 106 7.51 14.20 3.7 * 8.6 4.0 9.7 Large Blend/Foreign None* 5,536 -62 223



Class 3 - Stock FundsCore: primarily stock funds seeking long-term capital appreciation. average risk.

aggressive: primarily stock funds seeking capital appreciation. above average risk and volatility.


Rank

Score CPR



Fee

Total Assets$ Mil

PAST RETURNS

ThisMo

LastMo


Bull10/9/02-10/9/071 Mo 3 Mo 6 Mo 12 Mo

Vang Ext Mkt VXF Sell 58 31 9.29 20.27 -0.1 4.5 10.4 22.4 Extended Mkt Md Bld ETF 55,263 -58 183Vang Intl Explorer VINEX Sell 69 99 8.58 16.53 3.7 * 10.3 5.7 10.6 ForeignSm Md Bld None* 2,815 -61 308Vang Intl Gro VWIGX Hold 21 81 11.67 21.09 4.0 * 12.6 * 5.1 17.0 Large-Cap Blend/Foreign None* 23,433 -59 214Vang Md-Cp Gr VOT Sell 92 79 6.93 15.12 0.4 7.1 6.7 13.6 CRSP US MdCp Growth ETF 8,858 Vang Mid-Cap VO Sell 77 62 7.83 17.09 0.0 6.1 8.5 16.7 CRSP US Mid Cap Index ETF 83,058 -58 Vang Morgan VMRGX Sell 67 40 8.68 18.93 1.1 9.3 9.3 15.0 Large/Moderate Growth None* 11,512 -53 133Vang Pacific VPL Sell 68 76 8.62 18.82 1.8 9.1 6.0 17.6 FTSE Dvlpd Asia Pac ETF 6,167 -55 Vang SmC Val VBR Sell 43 12 10.10 19.85 -0.7 1.9 12.2 * 23.0 Small Value ETF 26,684 -60 Vang Sm-Cap VB Sell 66 37 8.77 19.14 -0.2 3.7 10.1 21.5 CRSP US Sm Cp Index ETF 74,503 -59 Vang Sm-Cap Gro VBK Sell 71 62 8.39 18.30 0.5 5.9 7.5 19.7 CRSP Sm Cp Gr (VISGX) ETF 18,144 -59 Wasatch Core Gr WGROX Sell 82 70 7.57 16.53 0.0 4.2 7.1 19.0 Small Growth 60d:2% 1,440 -60 147Wasatch Intl Gr WAIGX Sell 109 112 4.20 6.98 3.4 * 9.6 -3.5 3.2 Frgn Sm/Mid Gr Closed 1,307 -66 255Weitz Hickory WEHIX Sell 107 105 5.73 12.51 1.3 4.2 5.8 11.6 Mid Cap Blend None* 284 -56 161Weitz Partners Value WPVLX Sell 98 96 6.63 14.47 0.9 6.4 8.2 11.1 Mid-Large Cap/Value None* 746 -55 110Wm Blair Gro WBGSX Sell 106 101 5.77 12.59 1.2 6.8 5.6 9.5 Large-Cap Growth None* 602 -50 120WmBlair SmMd Cap Gr WSMNX Hold 26 42 11.39 22.67 2.0 8.8 11.5 * 19.3 Mid Cap Growth None* 1,454 WTree Intl SmCp Div DLS Sell 70 55 8.50 18.55 2.2 9.2 7.7 14.9 SmCp ex-US/Can Divd Wtd ETF 1,234 -62 WTree SmCp Div DES Sell 95 36 6.85 14.95 -0.8 -1.9 8.8 21.2 US SmCp Dividend Wtd ETF 2,070 -64


S&P 500 (SPY) 0.1 5.9 10.1 17.1 -55 121

Nasdaq 100 (QQQ) 2.0 12.0 12.1 22.5 -55 152

AmBeacon Intl Eq AAIPX Sell 90 142 7.79 14.82 3.7 * 6.9 6.2 10.4 Foreign Large Value None* 2,711 -59 209AmBeacon LrgC Value AAGPX Hold 30 30 10.13 19.92 -0.3 3.6 12.5 * 20.7 Large Value None* 7,941 -60 175Appleseed APPLX Sell 147 139 4.88 10.65 0.5 6.2 4.3 8.6 SRI Mid Cap Value 90d:2% 184 Ariel ARGFX Buy 6 15 13.58 25.27 1.4 6.6 14.8 * 23.5 * SRI Mid-Cap Bld None* 2,376 -70 112Artisan Md Cp Val ARTQX Sell 95 61 7.70 16.81 -0.7 2.8 10.2 18.5 Mid-Cap Value None* 4,246 -49 199Artisan Value Investor ARTLX Hold 28 17 10.21 20.10 -0.4 3.7 10.4 23.2 * Large Value None* 906 BMO Mid Cap Val MRVEX Sell 69 16 8.33 18.18 -1.0 2.8 11.6 19.9 Mid-Cap Value None* 230 -57 147BrownAdv Sustain Gr BAWAX Sell 103 105 7.54 16.46 1.0 8.3 5.9 15.1 SRI Large Growth 14d:1% 384 Cambiar Intl Eq CAMIX Sell 151 147 3.71 8.09 2.1 3.7 3.6 5.4 Frgn Large Blend 90d:2% 3,054 Cambiar Opportunity CAMOX Sell 112 81 7.25 15.83 -0.5 2.5 8.9 18.1 Large-Cap Value None* 363 -57 139Causeway Intl Value CIVVX Hold 40 140 9.46 18.45 4.5 * 7.8 8.2 13.4 Large-Cap Value/Foreign 59d: 2% 6,455 -60 218Clipper Fund CFIMX Hold 35 60 9.95 19.52 -0.5 2.9 9.8 23.5 * Large-Cap Value None* 1,157 -64 77Dodge & Cox Glob Stk DODWX Buy 2 3 15.02 28.41 1.2 7.7 15.3 * 27.9 * World Stock None* 7,307 Dodge & Cox Stock DODGX Buy 3 2 14.35 26.94 -0.4 5.0 16.2 * 28.6 * Large-Cap Value None* 63,420 -62 161Domini Impact Eq DSEFX Sell 110 75 7.33 15.99 -0.4 5.1 9.3 15.3 SRI Social Resp Index 30d:2% 907 -56 95Domini Impact Intl Equity DOMIX Hold 32 91 10.00 17.46 2.9 * 9.4 * 8.3 11.3 SRI Foreign Lg Value 30d:2% 730 Dreyfus Appreciation DGAGX Sell 80 68 8.06 17.59 1.5 7.8 9.6 13.4 Large-Cap Growth None* 1,951 -49 82Dreyfus Fund DREVX Sell 118 86 7.04 15.36 -0.7 5.6 8.5 14.7 Large-Cap Blend None* 1,181 -55 108Dreyfus Gro & Inc DGRIX Sell 82 66 7.97 17.39 -0.8 5.3 10.1 17.3 Large-Cap/Growth & Inc None* 887 -57 105FAM Value FAMVX Sell 136 28 6.01 13.12 -1.3 2.7 8.8 13.9 Mid-Cap Blend None* 1,147 -50 98Fidelity Blue Chip Gr FBGRX Buy 8 34 12.91 23.80 2.7 * 11.8 * 10.0 19.1 Large-Cap Growth None* 19,796 -52 87Fidelity Contra FCNTX Hold 29 55 10.18 20.02 1.6 10.1 * 9.5 15.6 Large Growth None* 107,415 -48 141Fidelity Convertible FCVSX Sell 146 135 5.24 11.44 0.9 3.7 4.2 12.2 80% Convertibles None* 1,609 -56 134Fidelity Disciplined Eq FDEQX Sell 114 83 7.13 15.56 0.5 6.5 9.1 12.5 Large-Cap Growth None* 1,328 -55 124Fidelity Diversified Intl FDIVX Sell 133 144 6.24 11.43 3.1 * 8.0 2.8 7.1 Foreign Lg Blend None* 18,171 -59 223Fidelity Dividend Gr FDGFX Sell 130 82 6.58 14.36 -0.2 4.9 8.4 13.2 Large-Cap/Gr/Dividend None* 7,635 -61 98Fidelity Eq Div Inc FEQTX Sell 123 79 6.87 14.99 -0.9 2.5 9.0 16.9 Large/Value/Equity Inc None* 5,866 -61 128Fidelity Equity Inc FEQIX Sell 96 63 7.67 16.72 -0.8 3.1 9.6 18.8 Large/Value/Equity Inc None* 8,730 -62 138Fidelity Fund FFIDX Sell 126 94 6.79 14.82 -0.2 6.1 7.8 13.4 Gr & Inc/Diversified None* 4,456 -54 120Fidelity Gr Strat FDEGX Sell 122 77 6.88 15.00 0.3 8.0 7.7 11.5 Mid Cap Growth None* 2,668 -61 185


Class 3 - Stock FundsCore: primarily stock funds seeking long-term capital appreciation. average risk.


Rank

Score CPR



Fee

Total Assets$ Mil

PAST RETURNS

ThisMo

LastMo


Bull10/9/02-10/9/071 Mo 3 Mo 6 Mo 12 Mo

Vang Ext Mkt VXF Sell 58 31 9.29 20.27 -0.1 4.5 10.4 22.4 Extended Mkt Md Bld ETF 55,263 -58 183Vang Intl Explorer VINEX Sell 69 99 8.58 16.53 3.7 * 10.3 5.7 10.6 ForeignSm Md Bld None* 2,815 -61 308Vang Intl Gro VWIGX Hold 21 81 11.67 21.09 4.0 * 12.6 * 5.1 17.0 Large-Cap Blend/Foreign None* 23,433 -59 214Vang Md-Cp Gr VOT Sell 92 79 6.93 15.12 0.4 7.1 6.7 13.6 CRSP US MdCp Growth ETF 8,858 Vang Mid-Cap VO Sell 77 62 7.83 17.09 0.0 6.1 8.5 16.7 CRSP US Mid Cap Index ETF 83,058 -58 Vang Morgan VMRGX Sell 67 40 8.68 18.93 1.1 9.3 9.3 15.0 Large/Moderate Growth None* 11,512 -53 133Vang Pacific VPL Sell 68 76 8.62 18.82 1.8 9.1 6.0 17.6 FTSE Dvlpd Asia Pac ETF 6,167 -55 Vang SmC Val VBR Sell 43 12 10.10 19.85 -0.7 1.9 12.2 * 23.0 Small Value ETF 26,684 -60 Vang Sm-Cap VB Sell 66 37 8.77 19.14 -0.2 3.7 10.1 21.5 CRSP US Sm Cp Index ETF 74,503 -59 Vang Sm-Cap Gro VBK Sell 71 62 8.39 18.30 0.5 5.9 7.5 19.7 CRSP Sm Cp Gr (VISGX) ETF 18,144 -59 Wasatch Core Gr WGROX Sell 82 70 7.57 16.53 0.0 4.2 7.1 19.0 Small Growth 60d:2% 1,440 -60 147Wasatch Intl Gr WAIGX Sell 109 112 4.20 6.98 3.4 * 9.6 -3.5 3.2 Frgn Sm/Mid Gr Closed 1,307 -66 255Weitz Hickory WEHIX Sell 107 105 5.73 12.51 1.3 4.2 5.8 11.6 Mid Cap Blend None* 284 -56 161Weitz Partners Value WPVLX Sell 98 96 6.63 14.47 0.9 6.4 8.2 11.1 Mid-Large Cap/Value None* 746 -55 110Wm Blair Gro WBGSX Sell 106 101 5.77 12.59 1.2 6.8 5.6 9.5 Large-Cap Growth None* 602 -50 120WmBlair SmMd Cap Gr WSMNX Hold 26 42 11.39 22.67 2.0 8.8 11.5 * 19.3 Mid Cap Growth None* 1,454 WTree Intl SmCp Div DLS Sell 70 55 8.50 18.55 2.2 9.2 7.7 14.9 SmCp ex-US/Can Divd Wtd ETF 1,234 -62 WTree SmCp Div DES Sell 95 36 6.85 14.95 -0.8 -1.9 8.8 21.2 US SmCp Dividend Wtd ETF 2,070 -64

AmBeacon Intl Eq AAIPX Sell 90 142 7.79 14.82 3.7 * 6.9 6.2 10.4 Foreign Large Value None* 2,711 -59 209AmBeacon LrgC Value AAGPX Hold 30 30 10.13 19.92 -0.3 3.6 12.5 * 20.7 Large Value None* 7,941 -60 175Appleseed APPLX Sell 147 139 4.88 10.65 0.5 6.2 4.3 8.6 SRI Mid Cap Value 90d:2% 184 Ariel ARGFX Buy 6 15 13.58 25.27 1.4 6.6 14.8 * 23.5 * SRI Mid-Cap Bld None* 2,376 -70 112Artisan Md Cp Val ARTQX Sell 95 61 7.70 16.81 -0.7 2.8 10.2 18.5 Mid-Cap Value None* 4,246 -49 199Artisan Value Investor ARTLX Hold 28 17 10.21 20.10 -0.4 3.7 10.4 23.2 * Large Value None* 906 BMO Mid Cap Val MRVEX Sell 69 16 8.33 18.18 -1.0 2.8 11.6 19.9 Mid-Cap Value None* 230 -57 147BrownAdv Sustain Gr BAWAX Sell 103 105 7.54 16.46 1.0 8.3 5.9 15.1 SRI Large Growth 14d:1% 384 Cambiar Intl Eq CAMIX Sell 151 147 3.71 8.09 2.1 3.7 3.6 5.4 Frgn Large Blend 90d:2% 3,054 Cambiar Opportunity CAMOX Sell 112 81 7.25 15.83 -0.5 2.5 8.9 18.1 Large-Cap Value None* 363 -57 139Causeway Intl Value CIVVX Hold 40 140 9.46 18.45 4.5 * 7.8 8.2 13.4 Large-Cap Value/Foreign 59d: 2% 6,455 -60 218Clipper Fund CFIMX Hold 35 60 9.95 19.52 -0.5 2.9 9.8 23.5 * Large-Cap Value None* 1,157 -64 77Dodge & Cox Glob Stk DODWX Buy 2 3 15.02 28.41 1.2 7.7 15.3 * 27.9 * World Stock None* 7,307 Dodge & Cox Stock DODGX Buy 3 2 14.35 26.94 -0.4 5.0 16.2 * 28.6 * Large-Cap Value None* 63,420 -62 161Domini Impact Eq DSEFX Sell 110 75 7.33 15.99 -0.4 5.1 9.3 15.3 SRI Social Resp Index 30d:2% 907 -56 95Domini Impact Intl Equity DOMIX Hold 32 91 10.00 17.46 2.9 * 9.4 * 8.3 11.3 SRI Foreign Lg Value 30d:2% 730 Dreyfus Appreciation DGAGX Sell 80 68 8.06 17.59 1.5 7.8 9.6 13.4 Large-Cap Growth None* 1,951 -49 82Dreyfus Fund DREVX Sell 118 86 7.04 15.36 -0.7 5.6 8.5 14.7 Large-Cap Blend None* 1,181 -55 108Dreyfus Gro & Inc DGRIX Sell 82 66 7.97 17.39 -0.8 5.3 10.1 17.3 Large-Cap/Growth & Inc None* 887 -57 105FAM Value FAMVX Sell 136 28 6.01 13.12 -1.3 2.7 8.8 13.9 Mid-Cap Blend None* 1,147 -50 98Fidelity Blue Chip Gr FBGRX Buy 8 34 12.91 23.80 2.7 * 11.8 * 10.0 19.1 Large-Cap Growth None* 19,796 -52 87Fidelity Contra FCNTX Hold 29 55 10.18 20.02 1.6 10.1 * 9.5 15.6 Large Growth None* 107,415 -48 141Fidelity Convertible FCVSX Sell 146 135 5.24 11.44 0.9 3.7 4.2 12.2 80% Convertibles None* 1,609 -56 134Fidelity Disciplined Eq FDEQX Sell 114 83 7.13 15.56 0.5 6.5 9.1 12.5 Large-Cap Growth None* 1,328 -55 124Fidelity Diversified Intl FDIVX Sell 133 144 6.24 11.43 3.1 * 8.0 2.8 7.1 Foreign Lg Blend None* 18,171 -59 223Fidelity Dividend Gr FDGFX Sell 130 82 6.58 14.36 -0.2 4.9 8.4 13.2 Large-Cap/Gr/Dividend None* 7,635 -61 98Fidelity Eq Div Inc FEQTX Sell 123 79 6.87 14.99 -0.9 2.5 9.0 16.9 Large/Value/Equity Inc None* 5,866 -61 128Fidelity Equity Inc FEQIX Sell 96 63 7.67 16.72 -0.8 3.1 9.6 18.8 Large/Value/Equity Inc None* 8,730 -62 138Fidelity Fund FFIDX Sell 126 94 6.79 14.82 -0.2 6.1 7.8 13.4 Gr & Inc/Diversified None* 4,456 -54 120Fidelity Gr Strat FDEGX Sell 122 77 6.88 15.00 0.3 8.0 7.7 11.5 Mid Cap Growth None* 2,668 -61 185

Fidelity Gro & Inc FGRIX Sell 53 41 8.68 18.94 -0.7 3.7 10.9 20.8 Gr & Inc/Long-term None* 7,260 -67 76Fidelity Intl Disc FIGRX Sell 132 146 6.44 11.87 4.1 * 8.6 2.5 6.6 Gr & Inc/Foreign None* 8,897 -59 234Fidelity Lg Cap Stk FLCSX Hold 23 11 10.60 20.96 -0.6 4.3 11.5 23.2 * Large-Cap/Est Company None* 3,046 -62 111Fidelity Magellan FMAGX Sell 109 69 7.36 16.05 0.0 6.4 8.6 14.4 Large-Cap Growth None* 15,500 -60 108Fidelity New Millenm FMILX Sell 75 60 8.24 17.98 0.0 4.7 8.8 19.5 Large Growth None* 3,210 Fidelity Value FDVLX Sell 68 52 8.34 18.19 -0.3 4.8 10.3 18.5 Mid-Lrg Cap/Value None* 8,456 -66 193Fidelity Worldwide FWWFX Sell 140 137 5.83 12.71 1.9 7.6 3.8 10.0 Large-Cap Global None* 1,475 -55 181Gabelli Asset GABAX Sell 104 106 7.49 16.34 1.0 5.7 8.3 14.9 Multi-Cap Value 7d:2% 2,644 -55 164Gabelli Equity Inc GABEX Sell 143 110 5.61 12.24 -0.4 3.5 6.7 12.6 Growth & Income 7d:2% 1,691 -52 144Gugh S&P500 EqWt RSP Sell 87 74 7.87 17.18 0.0 5.2 9.3 17.0 500 Stocks Eq Weight ETF 13,095 -59 Gugh S&P500 Pure Gro RPG Sell 111 115 7.27 15.86 1.5 7.5 6.8 13.3 S&P500 Pure Growth Idx ETF 1,911 Gugh S&P500 Pure Value RPV Sell 93 4 7.74 16.89 -2.5 2.7 12.2 18.5 S&P500 Pure Value Idx ETF 1,070 Harbor Intl HIINX Sell 116 143 7.08 13.26 3.8 * 8.6 3.8 8.0 Large-Cp Foreign None* 34,789 -59 Harbor Lg Cp Val HILVX Hold 16 21 11.60 23.13 0.4 6.5 12.0 23.4 * Large-Cap Value None* 517 -53 Hennessy Focus HFCSX Sell 144 121 5.51 12.02 0.5 4.5 7.2 9.8 Mid-Cap Growth None* 2,610 -51 218Intrepid Endurance Inv ICMAX Sell 153 150 1.55 3.38 1.0 0.0 -0.4 5.6 Small Value 30d:2% 230 iShrs ACWI Index ACWI Sell 86 92 7.92 17.29 1.3 6.9 8.0 15.4 World Stock ETF 6,482 iShrs Core Russell US Gr IUSG Hold 51 39 8.78 19.17 1.1 8.4 9.7 15.9 Russl 3000 Growth ETF 1,294 -52 104iShrs Core Russell US Val IUSV Sell 77 21 8.21 17.91 -1.1 3.2 10.6 20.2 Russl 3000 Value ETF 1,377 -60 151iShrs Core S&P MidC IJH Hold 48 25 8.94 19.51 -0.4 3.9 11.6 20.7 S&P400 MidCp Index ETF 38,804 -55 158iShrs Dow Jones US IYY Sell 67 45 8.39 18.30 0.1 6.0 10.0 17.5 US Total Market Index ETF 1,112 -55 129iShrs EAFE Min Vol EFAV Sell 149 148 4.37 7.36 2.7 * 7.8 -0.2 3.2 MSCI EAFE Min Vol ETF 6,046 iShrs EAFE Val Idx EFV Hold 37 109 9.91 19.44 3.1 * 6.5 10.1 16.0 Large VaL EAFE ETF 4,943 -63 iShrs Europe IEV Sell 66 131 8.40 16.14 4.4 * 7.8 7.1 10.3 Europe Index Incl UK ETF 2,350 -62 217iShrs High Dividend HDV Sell 148 103 4.68 10.22 -0.1 2.8 4.9 11.1 MStar Div Yld Foc Index ETF 6,697 iShrs MSCI EAFE EFA Sell 61 130 8.48 16.33 3.2 * 7.9 6.4 12.4 Intl/Develop Mkts Index ETF 64,114 -60 206iShrs MSCI US ESG Sel KLD Sell 62 49 8.47 18.47 0.7 7.1 8.9 17.2 SRI Lg Bld ETF 517 -54 iShrs MSCI US Momentm MTUM Hold 41 90 9.43 18.39 2.1 9.3 * 7.7 14.7 MSCI USA Momentum Factor ETF 2,166 iShrs MSCI US Qlty Factor QUAL Sell 119 70 6.99 15.25 0.0 5.9 8.9 13.2 USA Quality Index ETF 3,645 iShrs Rusl 1000 IWB Sell 70 46 8.32 18.16 0.1 5.9 10.0 17.3 Large-Cap Index ETF 17,851 -55 126iShrs Rusl 1000 Gro IWF Hold 36 41 9.92 19.45 1.2 8.8 * 10.0 15.6 Large-Cap Growth Index ETF 33,831 -51 101iShrs Rusl 1000 Val IWD Sell 88 52 7.82 17.07 -1.0 3.1 10.1 19.0 Large-Cap Value Index ETF 37,086 -60 151iShrs Rusl 3000 IWV Sell 64 42 8.43 18.39 0.1 5.6 10.1 17.9 Total Market Index ETF 7,450 -56 127iShrs Rusl MdCp Val IWS Sell 85 29 7.93 17.31 -0.8 3.6 9.4 19.5 Mid-Cap Value Index ETF 9,689 -61 192iShrs S&P 100 OEF Sell 70 27 8.32 18.16 0.0 5.9 10.3 17.0 S&P 100 Index ETF 4,625 -54 99iShrs S&P400 Val IJJ Hold 20 13 11.04 19.73 -0.7 2.6 12.5 * 21.8 * Mid-Cap Value Index ETF 6,380 -57 176iShrs S&P500 Gr IVW Sell 65 50 8.41 18.35 1.2 8.4 8.9 15.2 Large-Cap Growth Index ETF 16,049 -49 88iShrs S&P500 Val IVE Sell 88 31 7.82 17.05 -1.2 3.2 10.8 18.4 Large-Cap Value Index ETF 14,079 -61 155iShrs Sel Div DVY Sell 131 84 6.56 14.31 -0.5 3.7 8.0 15.1 DJ Sel Dividend Index ETF 17,391 -61 Janus Contrarian JSVAX Sell 121 89 6.91 15.09 -0.9 2.6 11.0 14.9 Large-Cap Value None* 2,870 -63 272Janus Fund JANSX Hold 51 71 8.78 16.97 1.2 9.8 * 7.7 12.4 Large-Cap Blend None* 7,542 -52 107Janus Gl Research JAWWX Sell 96 113 7.67 16.75 1.6 8.3 7.1 13.7 Diversified Global None* 2,468 -61 108Janus Gro & Inc JAGIX Sell 67 38 8.39 18.31 -0.6 5.3 11.9 17.0 Diversified Growth None* 4,481 -55 118Jensen Quality Gro JENSX Sell 126 93 6.79 14.82 1.0 6.3 7.5 12.3 Large/Growth/Focused None* 5,815 -46 70Laudus Intl MktMstrs SWOIX Hold 44 133 9.27 15.87 3.4 * 9.4 * 5.4 10.9 Large-Cap Foreign None* 1,517 -60 245Laudus US Lg Cp Gr LGILX Hold 38 43 9.87 19.36 1.2 10.2 * 7.2 16.8 Large Growth None* 1,625 Lazard Gl Listed Infras GLFOX Buy 4 78 13.90 23.79 5.3 * 10.4 * 13.3 * 14.6 Foreign Sm/Md Blend None* 3,791 Lazard Intl Strategic Equ LISOX Sell 152 149 1.97 4.29 2.5 5.6 -0.5 0.3 Foreign Large Blend None* 6,766 Mairs&Power Gro MPGFX Sell 128 109 6.74 14.70 0.6 5.1 7.8 13.4 US Growth None* 4,590 -52 117Marsico Flex Cap MFCFX Sell 150 117 4.15 9.05 -0.3 6.3 2.7 7.9 Large-Cap Growth None* 273 Marsico Growth MGRIX Sell 102 91 7.55 14.28 0.9 10.0 * 5.3 10.0 Large-Cap Growth None* 261 -57 106Matthws Asn Gr&In MACSX Sell 141 145 5.64 10.13 2.4 9.4 * 0.3 6.5 Asia/Stks & Convertible None* 2,687 -39 199Muhlenkamp MUHLX Sell 138 107 5.88 12.83 0.1 5.3 8.4 9.6 Mid-Cap Value None* 257 -59 151Nicholas Fund NICSX Sell 134 108 6.14 13.41 0.3 7.3 7.2 9.9 Diversified Growth None* 2,883 -50 92Northern Gl Sustainblty NSRIX Sell 120 111 6.96 15.18 1.2 6.0 7.1 13.5 SRI World Stock 30d:2% 295 Northern Income Eq NOIEX Sell 129 87 6.65 14.51 0.2 4.5 9.0 12.9 Consv Hi Income None* 236 -45 Oakmark Fund OAKMX Buy 13 9 12.21 22.29 0.0 4.1 12.7 * 24.0 * Large Blend None* 17,221 -55 102Oakmark Global OAKGX Buy 11 8 12.40 24.86 0.8 7.6 15.8 * 21.4 Mid- Large-Cap/Global None* 2,643 -58 241Oakmark Global Sel OAKWX Hold 17 22 11.43 22.75 1.2 5.8 13.7 * 21.0 World Stock None* 2,351 Oakmark Intl OAKIX Buy 1 23 16.96 28.27 4.3 * 9.4 * 16.5 * 21.7 * Intl Value None* 28,448 -59 200Parnassus Endeavor PARWX Hold 18 12 11.30 22.47 -0.2 4.1 11.8 25.5 * SRI Lg Cp Core None* 3,716 PIMCO StkPls Abs Ret PSTDX Buy 9 1 12.53 22.97 0.2 7.3 12.5 * 22.1 * S&P Derivatives None* 1,362 -62 PIMCO StksPlus D PSPDX Sell 53 35 8.68 18.95 0.0 6.2 10.3 18.2 S&P IdxFut+ST Bonds None* 819 -63 119PIMCO StksPlus Intl PIPDX Buy 5 18 13.75 25.63 2.3 5.8 14.9 * 23.9 * Non-US Deriv + Fxd Inc None* 2,526 -57 Polen Growth POLRX Sell 79 114 8.10 15.49 2.0 8.9 * 7.9 9.6 Large Growth 60d:2% 1,396 Portfolio 21 PORTX Sell 128 124 6.74 14.70 2.0 8.1 5.9 11.0 SRI World Stk None* 423 -52 176Primecap Odyssey Gro POGRX Buy 7 20 13.07 24.15 1.6 9.1 * 10.6 22.9 * Large Growth None* 7,976 PwrSh ByBack Achv PKW Sell 115 80 7.09 15.46 -1.0 3.0 10.2 16.3 US Co Repurchased Shares ETF 1,424


Core: primarily stock funds seeking long-term capital appreciation. average risk.


Rank

Score CPR



Fee

Total Assets$ Mil

PAST RETURNS

ThisMo

LastMo


Bull10/9/02-10/9/071 Mo 3 Mo 6 Mo 12 Mo

PwrSh Dvlp Mkts xUS PXF Hold 26 96 10.30 20.30 2.9 * 6.9 10.4 17.0 FTSE RAFI Dvlp Mkts X-US ETF 1,061 PwrSh FTSE Rafi 1000 PRF Sell 89 57 7.81 17.05 -0.9 3.0 10.5 18.6 RAFI US 1000 Index ETF 5,004 -60 PwrSh Intl Div Ach PID Sell 142 122 5.62 12.27 1.6 4.5 3.5 12.9 Intl Growing Divs ETF 778 -65 PwrSh Lg Cp Val PWV Hold 27 5 10.27 20.23 -1.1 4.9 13.2 * 20.1 Intellidex Lg Cap Val ETF 1,247 -49 PwrSh S&P500 Lo Vol SPLV Sell 145 100 5.25 11.46 0.0 5.1 5.9 10.0 Low Volatility S&P500 ETF 6,575 RidgeW Cdex MdCpVal SMVTX Buy 10 10 12.41 22.72 0.1 5.2 13.3 * 23.1 * Mid-Cap Value None* 3,465 Royce Penn Mutual RYPFX Sell 59 67 8.52 18.60 0.3 1.5 11.9 20.5 Small- Mid-Cap/Value 30d:1% 2,437 -56 179Royce Tot Ret RYTFX Hold 33 33 9.99 19.61 0.1 2.1 11.8 22.0 * Mid-Sm-Cap/Dividend 30d:1% 2,911 -53 137Schwab 1000 SNXFX Sell 71 47 8.31 18.13 0.1 6.0 10.0 17.1 Large-Cap Index None* 6,802 -55 122Schwab Core Equity SWANX Hold 43 24 9.29 20.26 0.7 7.4 11.1 17.9 Large-Cap Blend None* 2,127 -51 125Schwab Dividend Eq SWDSX Sell 97 32 7.65 16.69 -1.0 3.7 10.8 17.1 Lg Val Divd Paying None* 1,487 -49 Schwab Intl Idx SWISX Sell 74 134 8.26 15.84 3.1 * 7.8 6.1 12.0 Foreign Lg blend None* 3,095 -60 Scout Intl UMBWX Sell 84 132 7.94 15.13 3.1 * 6.2 5.9 12.6 Foreign Large Blend None* 1,228 -53 204Scout Md Cp UMBMX Buy 12 7 12.38 22.64 -0.6 5.2 13.1 * 23.8 * Mid Cap Blend None* 1,407 Selected Amer Shrs SLASX Hold 25 65 10.35 20.39 0.2 4.2 9.8 23.2 * Large-Cap Blend None* 2,355 -58 134Sit Div Gr SDVSX Sell 127 76 6.78 14.80 -0.2 5.3 8.4 13.6 Dividend Growth 30d:2% 1,044 -46 Sound Shore SSHFX Sell 76 52 8.22 17.94 -0.5 4.6 9.7 19.2 Large-Cap Value None* 2,049 -52 147SPDR Barc Convert Sec CWB Sell 107 104 7.44 16.23 0.8 5.9 6.6 16.5 Convertibles ETF 3,369 SPDR DJ Ind Avg DIA Hold 24 6 10.59 20.91 -0.6 5.1 14.2 * 19.7 DJIA Index ETF 16,532 -52 115SPDR MSCI ACWI exUS CWI Sell 52 119 8.74 16.88 3.0 * 8.3 6.2 13.5 World Ex-US ETF 1,096 SPDR S&P 500 SPY Sell 71 49 8.31 18.13 0.1 5.9 10.1 17.1 S&P 500 Index ETF 245,144 -55 119SPDR S&P Div SDY Sell 137 99 5.98 13.05 -0.2 3.5 6.7 14.0 S&P HiYld Div ETF 15,547 -53 SPDR S&P Intl Div DWX Sell 101 98 7.56 16.49 2.5 6.2 6.5 15.0 S&P Intl Divd Opp Idx ETF 1,091 SPDR S&P MidCap 400 MDY Hold 50 26 8.83 19.26 -0.5 3.8 11.4 20.5 S&P 400 Mid-Cap Index ETF 20,933 -55 157SPDR SP500 Growth SPYG Sell 68 51 8.34 18.20 1.2 8.3 8.9 14.9 Large-Cap Growth Index ETF 756 -51 90SSgA Int Stk Sel SSAIX Sell 98 136 7.63 14.47 2.6 * 6.5 6.5 11.0 Large-Cap Foreign None* 304 -60 232TCW Relative Val Div TGIGX Sell 113 85 7.15 15.59 -0.2 3.0 9.2 16.7 Dividend/Value None* 1,145 -62 135TiaaCref Soc Choice Eq TICRX Sell 92 73 7.75 16.91 -0.1 5.0 9.2 17.0 SRI Large Blend None* 2,574 Tocqueville Intl Val TIVFX Sell 78 129 8.14 15.59 3.0 * 8.6 5.0 12.0 Multi-Cap Value/Foreign None* 655 -52 216Torray Fund TORYX Sell 100 89 7.59 16.57 0.0 4.5 9.1 16.7 Large-Cap Blend None* 445 -55 91TRPrice Blue Chip Gr TRBCX Hold 21 36 10.96 21.73 1.4 10.4 * 10.0 18.0 Large/Established Co None* 34,196 -53 121TRPrice Dividend Gr PRDGX Sell 125 102 6.80 14.83 0.2 5.0 7.3 14.7 Mid- Large-Cap/Div Gr None* 7,076 -50 112TRPrice Equity Inc PRFDX Sell 62 56 8.47 18.49 -0.2 3.3 10.9 19.9 Large-Cap/Equity Income None* 22,498 -57 128TRPrice Gro & Inc PRGIX Sell 83 54 7.95 17.34 0.4 7.5 8.4 15.5 Large/Growth & Income None* 1,674 -52 114TRPrice Growth PRGFX Buy 15 26 11.84 23.64 1.9 11.1 * 11.2 19.1 Large-Cap Growth None* 46,966 -52 131TRPrice Intl Stk PRITX Hold 31 127 10.07 17.61 3.8 * 10.1 * 5.6 12.9 Large/Growth/Foreign 90d:2% 15,386 -60 173TRPrice Intl Val Eq TRIGX Sell 124 141 6.84 12.75 2.9 * 7.2 4.2 9.1 Foreign Lg Growth 90d:2% 11,970 -62 226TRPrice Spectrum Gr PRSGX Sell 58 88 8.55 18.65 1.4 7.6 8.5 16.6 Fund of Funds/Growth None* 3,486 -56 161TRPrice Spectrum Intl PSILX Hold 45 138 9.15 15.61 3.7 * 9.6 * 4.4 11.0 Devlpd Emg Mkt Intl Bnd 90d:2% 1,199 -60 213TRPrice Val TRVLX Sell 105 55 7.47 16.30 -0.4 5.0 9.5 15.8 Large-Cap Value None* 24,153 -59 150Tweedy Brn Global Val TBGVX Hold 40 120 9.46 18.45 2.8 * 6.8 8.7 15.5 Global Value 14d:2% 9,448 -50 152Tweedy Brn Val TWEBX Sell 94 97 7.73 16.87 0.8 4.7 8.9 16.6 Multi-Cap Value None* 580 -45 92USAA World Growth USAWX Sell 99 112 7.62 16.62 1.9 7.9 7.3 13.3 World Stock None* 1,257 Vang 500 Index VFINX Sell 72 48 8.30 18.11 0.1 6.0 10.1 17.0 S&P 500 Index None* 306,379 -55 119Vang All-Wld exUS VEU Hold 46 114 9.09 17.65 3.0 * 8.6 6.5 14.2 FSTE All-World ex-US ETF 27,372 Vang All-Wld xUS SmCp VSS Hold 39 118 9.47 16.30 2.6 * 9.2 * 4.8 13.2 FTSE Sm/Md Blend ETF 3,789 Vang Capital Val VCVLX Sell 63 31 8.45 18.43 -0.2 3.4 9.8 20.8 Large Blend None* 961 -67 163Vang Divd Apprec VIG Sell 122 82 6.88 15.01 -0.1 6.1 8.4 13.1 Large Blend Div ETF 29,223 Vang Equity Income VEIPX Sell 106 62 7.46 16.28 0.0 4.5 9.5 15.8 Large-Cap Value/Div None* 27,098 -54 128Vang Euro Idx VGK Sell 65 128 8.41 16.17 4.4 * 8.2 6.9 10.2 Foreign/Europe Index ETF 15,879 -62 Vang FTSE Devlpd Mkts VEA Sell 56 125 8.57 16.52 3.1 * 8.0 6.3 12.9 FTSE Devlpd exNAmer ETF 73,550 Vang FTSE Soc Idx VFTSX Hold 42 19 9.31 20.32 0.3 7.1 11.0 18.9 SRI Large Growth None* 2,824 -62 108Vang Glb Equity VHGEX Sell 87 101 7.87 17.17 1.7 7.5 7.5 14.8 Global Value/Mid-Lrg Cap None* 4,709 -63 231Vang Gro & Inc VQNPX Sell 91 59 7.77 16.95 0.0 5.3 9.5 16.3 Large-Cap Blend None* 7,370 -57 118Vang Growth VUG Hold 34 37 9.98 19.59 1.3 9.5 * 9.2 15.9 US Large Growth ETF 58,857 -50 Vang Hi Div Yield VYM Sell 117 64 7.07 15.42 -0.3 3.2 9.4 16.0 Large Val Div ETF 24,849 Vang Intl Val VTRIX Hold 49 123 8.87 17.17 3.1 * 8.1 6.9 13.5 Large-Cap Foreign None* 8,329 -59 238Vang Large Cap VV Sell 65 44 8.41 18.36 0.1 6.1 10.1 17.4 US Large Blend ETF 14,795 -55 Vang Meg Cap MGC Sell 57 44 8.56 18.67 0.1 6.1 10.5 17.5 CRSP US Mega Cap Idx ETF 1,270 Vang Meg Cap Gr MGK Hold 22 29 10.67 21.09 1.5 10.2 * 10.2 16.8 CRSP US Mega Cap Gr Idx ETF 2,607 Vang Mid Cap Val VOE Sell 54 53 8.67 18.92 -0.2 5.3 10.1 19.5 CRSP US Mid Cap Val ETF 14,546 Vang Tot Intl Stock VXUS Hold 47 116 9.02 17.49 3.0 * 8.6 6.5 14.0 Foreign Lg Blend ETF 251,607 Vang Total Wld Stk VT Sell 73 89 8.27 18.04 1.5 7.3 8.4 15.9 FTSE Global All Cap ETF 9,934 Vang TotStkMk VTI Sell 60 40 8.49 18.53 0.1 5.7 10.1 18.1 US Large Blend ETF 541,309 -55 132Vang US Gro VWUSX Sell 86 111 7.92 15.09 1.4 8.9 * 5.3 12.0 Large-Cap Growth None* 6,926 -50 92Vang Value VTV Sell 81 33 8.01 17.49 -0.9 3.1 11.1 18.7 US Large Value ETF 55,031 -59 Vang Windsor VWNDX Hold 19 14 11.06 21.94 0.2 5.8 12.8 * 21.5 Mid- Large-Cap Value None* 18,396 -60 153



total return – balanCed funds: invested in a mix of stocks, preferred, convertibles, bonds & cash.


Rank

Score CPR



Fee

Total Assets$ Mil

PAST RETURNS

ThisMo

LastMo


Bull10/9/02-10/9/071 Mo 3 Mo 6 Mo 12 Mo

Core: primarily stock funds seeking long-term capital appreciation. average risk.


Rank

Score CPR



Fee

Total Assets$ Mil

PAST RETURNS

ThisMo

LastMo


Bull10/9/02-10/9/071 Mo 3 Mo 6 Mo 12 Mo


PwrSh Dvlp Mkts xUS PXF Hold 26 96 10.30 20.30 2.9 * 6.9 10.4 17.0 FTSE RAFI Dvlp Mkts X-US ETF 1,061 PwrSh FTSE Rafi 1000 PRF Sell 89 57 7.81 17.05 -0.9 3.0 10.5 18.6 RAFI US 1000 Index ETF 5,004 -60 PwrSh Intl Div Ach PID Sell 142 122 5.62 12.27 1.6 4.5 3.5 12.9 Intl Growing Divs ETF 778 -65 PwrSh Lg Cp Val PWV Hold 27 5 10.27 20.23 -1.1 4.9 13.2 * 20.1 Intellidex Lg Cap Val ETF 1,247 -49 PwrSh S&P500 Lo Vol SPLV Sell 145 100 5.25 11.46 0.0 5.1 5.9 10.0 Low Volatility S&P500 ETF 6,575 RidgeW Cdex MdCpVal SMVTX Buy 10 10 12.41 22.72 0.1 5.2 13.3 * 23.1 * Mid-Cap Value None* 3,465 Royce Penn Mutual RYPFX Sell 59 67 8.52 18.60 0.3 1.5 11.9 20.5 Small- Mid-Cap/Value 30d:1% 2,437 -56 179Royce Tot Ret RYTFX Hold 33 33 9.99 19.61 0.1 2.1 11.8 22.0 * Mid-Sm-Cap/Dividend 30d:1% 2,911 -53 137Schwab 1000 SNXFX Sell 71 47 8.31 18.13 0.1 6.0 10.0 17.1 Large-Cap Index None* 6,802 -55 122Schwab Core Equity SWANX Hold 43 24 9.29 20.26 0.7 7.4 11.1 17.9 Large-Cap Blend None* 2,127 -51 125Schwab Dividend Eq SWDSX Sell 97 32 7.65 16.69 -1.0 3.7 10.8 17.1 Lg Val Divd Paying None* 1,487 -49 Schwab Intl Idx SWISX Sell 74 134 8.26 15.84 3.1 * 7.8 6.1 12.0 Foreign Lg blend None* 3,095 -60 Scout Intl UMBWX Sell 84 132 7.94 15.13 3.1 * 6.2 5.9 12.6 Foreign Large Blend None* 1,228 -53 204Scout Md Cp UMBMX Buy 12 7 12.38 22.64 -0.6 5.2 13.1 * 23.8 * Mid Cap Blend None* 1,407 Selected Amer Shrs SLASX Hold 25 65 10.35 20.39 0.2 4.2 9.8 23.2 * Large-Cap Blend None* 2,355 -58 134Sit Div Gr SDVSX Sell 127 76 6.78 14.80 -0.2 5.3 8.4 13.6 Dividend Growth 30d:2% 1,044 -46 Sound Shore SSHFX Sell 76 52 8.22 17.94 -0.5 4.6 9.7 19.2 Large-Cap Value None* 2,049 -52 147SPDR Barc Convert Sec CWB Sell 107 104 7.44 16.23 0.8 5.9 6.6 16.5 Convertibles ETF 3,369 SPDR DJ Ind Avg DIA Hold 24 6 10.59 20.91 -0.6 5.1 14.2 * 19.7 DJIA Index ETF 16,532 -52 115SPDR MSCI ACWI exUS CWI Sell 52 119 8.74 16.88 3.0 * 8.3 6.2 13.5 World Ex-US ETF 1,096 SPDR S&P 500 SPY Sell 71 49 8.31 18.13 0.1 5.9 10.1 17.1 S&P 500 Index ETF 245,144 -55 119SPDR S&P Div SDY Sell 137 99 5.98 13.05 -0.2 3.5 6.7 14.0 S&P HiYld Div ETF 15,547 -53 SPDR S&P Intl Div DWX Sell 101 98 7.56 16.49 2.5 6.2 6.5 15.0 S&P Intl Divd Opp Idx ETF 1,091 SPDR S&P MidCap 400 MDY Hold 50 26 8.83 19.26 -0.5 3.8 11.4 20.5 S&P 400 Mid-Cap Index ETF 20,933 -55 157SPDR SP500 Growth SPYG Sell 68 51 8.34 18.20 1.2 8.3 8.9 14.9 Large-Cap Growth Index ETF 756 -51 90SSgA Int Stk Sel SSAIX Sell 98 136 7.63 14.47 2.6 * 6.5 6.5 11.0 Large-Cap Foreign None* 304 -60 232TCW Relative Val Div TGIGX Sell 113 85 7.15 15.59 -0.2 3.0 9.2 16.7 Dividend/Value None* 1,145 -62 135TiaaCref Soc Choice Eq TICRX Sell 92 73 7.75 16.91 -0.1 5.0 9.2 17.0 SRI Large Blend None* 2,574 Tocqueville Intl Val TIVFX Sell 78 129 8.14 15.59 3.0 * 8.6 5.0 12.0 Multi-Cap Value/Foreign None* 655 -52 216Torray Fund TORYX Sell 100 89 7.59 16.57 0.0 4.5 9.1 16.7 Large-Cap Blend None* 445 -55 91TRPrice Blue Chip Gr TRBCX Hold 21 36 10.96 21.73 1.4 10.4 * 10.0 18.0 Large/Established Co None* 34,196 -53 121TRPrice Dividend Gr PRDGX Sell 125 102 6.80 14.83 0.2 5.0 7.3 14.7 Mid- Large-Cap/Div Gr None* 7,076 -50 112TRPrice Equity Inc PRFDX Sell 62 56 8.47 18.49 -0.2 3.3 10.9 19.9 Large-Cap/Equity Income None* 22,498 -57 128TRPrice Gro & Inc PRGIX Sell 83 54 7.95 17.34 0.4 7.5 8.4 15.5 Large/Growth & Income None* 1,674 -52 114TRPrice Growth PRGFX Buy 15 26 11.84 23.64 1.9 11.1 * 11.2 19.1 Large-Cap Growth None* 46,966 -52 131TRPrice Intl Stk PRITX Hold 31 127 10.07 17.61 3.8 * 10.1 * 5.6 12.9 Large/Growth/Foreign 90d:2% 15,386 -60 173TRPrice Intl Val Eq TRIGX Sell 124 141 6.84 12.75 2.9 * 7.2 4.2 9.1 Foreign Lg Growth 90d:2% 11,970 -62 226TRPrice Spectrum Gr PRSGX Sell 58 88 8.55 18.65 1.4 7.6 8.5 16.6 Fund of Funds/Growth None* 3,486 -56 161TRPrice Spectrum Intl PSILX Hold 45 138 9.15 15.61 3.7 * 9.6 * 4.4 11.0 Devlpd Emg Mkt Intl Bnd 90d:2% 1,199 -60 213TRPrice Val TRVLX Sell 105 55 7.47 16.30 -0.4 5.0 9.5 15.8 Large-Cap Value None* 24,153 -59 150Tweedy Brn Global Val TBGVX Hold 40 120 9.46 18.45 2.8 * 6.8 8.7 15.5 Global Value 14d:2% 9,448 -50 152Tweedy Brn Val TWEBX Sell 94 97 7.73 16.87 0.8 4.7 8.9 16.6 Multi-Cap Value None* 580 -45 92USAA World Growth USAWX Sell 99 112 7.62 16.62 1.9 7.9 7.3 13.3 World Stock None* 1,257 Vang 500 Index VFINX Sell 72 48 8.30 18.11 0.1 6.0 10.1 17.0 S&P 500 Index None* 306,379 -55 119Vang All-Wld exUS VEU Hold 46 114 9.09 17.65 3.0 * 8.6 6.5 14.2 FSTE All-World ex-US ETF 27,372 Vang All-Wld xUS SmCp VSS Hold 39 118 9.47 16.30 2.6 * 9.2 * 4.8 13.2 FTSE Sm/Md Blend ETF 3,789 Vang Capital Val VCVLX Sell 63 31 8.45 18.43 -0.2 3.4 9.8 20.8 Large Blend None* 961 -67 163Vang Divd Apprec VIG Sell 122 82 6.88 15.01 -0.1 6.1 8.4 13.1 Large Blend Div ETF 29,223 Vang Equity Income VEIPX Sell 106 62 7.46 16.28 0.0 4.5 9.5 15.8 Large-Cap Value/Div None* 27,098 -54 128Vang Euro Idx VGK Sell 65 128 8.41 16.17 4.4 * 8.2 6.9 10.2 Foreign/Europe Index ETF 15,879 -62 Vang FTSE Devlpd Mkts VEA Sell 56 125 8.57 16.52 3.1 * 8.0 6.3 12.9 FTSE Devlpd exNAmer ETF 73,550 Vang FTSE Soc Idx VFTSX Hold 42 19 9.31 20.32 0.3 7.1 11.0 18.9 SRI Large Growth None* 2,824 -62 108Vang Glb Equity VHGEX Sell 87 101 7.87 17.17 1.7 7.5 7.5 14.8 Global Value/Mid-Lrg Cap None* 4,709 -63 231Vang Gro & Inc VQNPX Sell 91 59 7.77 16.95 0.0 5.3 9.5 16.3 Large-Cap Blend None* 7,370 -57 118Vang Growth VUG Hold 34 37 9.98 19.59 1.3 9.5 * 9.2 15.9 US Large Growth ETF 58,857 -50 Vang Hi Div Yield VYM Sell 117 64 7.07 15.42 -0.3 3.2 9.4 16.0 Large Val Div ETF 24,849 Vang Intl Val VTRIX Hold 49 123 8.87 17.17 3.1 * 8.1 6.9 13.5 Large-Cap Foreign None* 8,329 -59 238Vang Large Cap VV Sell 65 44 8.41 18.36 0.1 6.1 10.1 17.4 US Large Blend ETF 14,795 -55 Vang Meg Cap MGC Sell 57 44 8.56 18.67 0.1 6.1 10.5 17.5 CRSP US Mega Cap Idx ETF 1,270 Vang Meg Cap Gr MGK Hold 22 29 10.67 21.09 1.5 10.2 * 10.2 16.8 CRSP US Mega Cap Gr Idx ETF 2,607 Vang Mid Cap Val VOE Sell 54 53 8.67 18.92 -0.2 5.3 10.1 19.5 CRSP US Mid Cap Val ETF 14,546 Vang Tot Intl Stock VXUS Hold 47 116 9.02 17.49 3.0 * 8.6 6.5 14.0 Foreign Lg Blend ETF 251,607 Vang Total Wld Stk VT Sell 73 89 8.27 18.04 1.5 7.3 8.4 15.9 FTSE Global All Cap ETF 9,934 Vang TotStkMk VTI Sell 60 40 8.49 18.53 0.1 5.7 10.1 18.1 US Large Blend ETF 541,309 -55 132Vang US Gro VWUSX Sell 86 111 7.92 15.09 1.4 8.9 * 5.3 12.0 Large-Cap Growth None* 6,926 -50 92Vang Value VTV Sell 81 33 8.01 17.49 -0.9 3.1 11.1 18.7 US Large Value ETF 55,031 -59 Vang Windsor VWNDX Hold 19 14 11.06 21.94 0.2 5.8 12.8 * 21.5 Mid- Large-Cap Value None* 18,396 -60 153

AmBeacon Bal AABPX Hold 11 11 8.97 13.02 -0.1 * 2.6 7.7 * 13.8 * Balanced/ 30-50% Bonds None* 798 -41 102AmCen 1Choice Vcons AONIX Sell 33 35 3.03 4.43 0.1 * 2.0 1.0 5.0 Asset Alloc Bal None* 429 -13 AmCen Balanced TWBIX Hold 18 20 6.84 10.56 0.4 * 4.3 * 4.7 9.9 Balanced/ 40% Bonds None* 860 -34 79Buffalo Flex Inc BUFBX Hold 20 8 6.49 9.80 -0.7 1.6 6.0 * 11.0 * Balanced/Min 25% Bonds None* 816 -39 131Dodge & Cox Bal DODBX Buy 1 1 12.71 19.00 -0.3 * 3.7 * 10.8 * 20.5 * Balanced/ 25% Bonds None* 15,593 -50 106Fidelity Asset Mgr 20% FASIX Sell 32 36 3.14 4.68 0.2 * 2.1 1.2 5.1 Balanced/10%-30% Stks None* 4,912 -18 54Fidelity Asset Mgr 50% FASMX Hold 19 22 6.68 10.22 0.6 * 4.3 * 4.0 9.8 Balanced/40% Bonds None* 7,987 -38 70Fidelity Asset Mgr 70% FASGX Buy 4 7 10.37 13.90 0.8 * 5.7 * 6.1 * 12.9 * Balanced/25% Bonds None* 4,583 -47 89Fidelity Bal FBALX Buy 5 5 10.22 13.57 0.3 * 5.5 * 6.3 * 12.8 * Diversified/Stks/Bonds None* 29,944 -43 126Fidelity Freedom Inc FFFAX Sell 30 33 3.69 5.87 0.3 * 2.6 1.7 6.2 Gl Moderate Asst Alloc None* 2,136 -18 Fidelity Global Bal FGBLX Sell 29 34 4.24 4.88 1.0 * 4.8 * -1.2 4.2 Global Balanced None* 455 -35 123Fidelity Puritan FPURX Buy 6 10 9.75 12.54 0.1 * 5.4 * 5.8 * 11.6 * Large Stks/Bonds None* 26,008 -41 95Fidelity Real Est Inc FRIFX Sell 28 26 4.55 7.75 -0.1 * 2.7 1.8 9.8 Real Estate 90d:.75% 4,973 -37 Fidelity Strat RlRet FSRRX Sell 37 29 1.94 4.24 -1.0 0.6 1.2 7.0 Conserv Alloc None* 787 -28 FPA Crescent FPACX Buy 10 3 9.24 13.61 -0.6 * 3.4 8.0 * 14.2 * Mid/Small Stks & Bonds 90d:2% 17,386 -28 108Greenspring GRSPX Buy 8 6 9.60 14.41 0.2 * 1.2 8.2 * 16.9 * Val Stks/Bonds/Convert 60d:2% 328 -22 111Gugh Mlt-Hdg Stgy RYMSX Sell 41 41 0.87 -0.29 0.2 * -0.2 0.2 -0.8 Md-Bld Mult-Hdged Strat None* 85 -28 Hennessy Eq Inc HEIFX Hold 21 16 6.38 9.56 -0.6 * 3.3 6.2 * 8.6 Lg Blend 40% Bonds None* 305 Hussman Strat Tot Ret HSTRX Sell 39 40 1.46 1.01 0.2 * 1.2 -2.0 2.5 Tactical Allocation 60d:1.5% 400 7 IQ Hedged Multi Strat QAI Sell 40 39 1.42 0.92 0.0 * 1.5 -0.7 0.9 Multialternative ETF 1,123 James Bal Gldn Rbow GLRBX Sell 34 31 2.92 4.20 -0.6 * 1.2 2.8 4.3 Undrval stks-dbt sec None* 3,935 -19 Janus Balanced JABAX Buy 7 13 9.65 12.33 -0.6 * 4.9 * 7.8 * 10.5 * Balanced/40-60% Bonds None* 12,802 -23 71Leuthld Cor Invest LCORX Hold 17 19 6.94 8.60 -0.1 * 3.7 * 5.6 * 6.6 Balanced/ 30-70% Income 5d:2% 851 -35 159M&N ProBld Cnsrv EXDAX Sell 30 32 3.69 5.86 0.1 * 3.4 1.4 5.8 Conservative Allocation None* 1,100 -12 Mairs&Power Bal MAPOX Sell 22 17 5.47 9.75 0.0 * 3.1 4.5 10.3 Balanced/25% Inc None* 932 Merger Fund MERFX Sell 36 38 2.29 2.81 0.1 * 0.8 1.9 2.4 Market Neutral None* 2,865 -5 43Oakmark Eq & Inc OAKBX Buy 3 2 10.97 15.22 -0.3 * 4.1 * 9.3 * 14.7 * Balanced/25-50% Debt None* 16,801 -27 102Pax Balanced PAXWX Sell 25 25 4.94 8.60 0.2 * 3.5 3.3 8.7 SRI Glob Bal None* 1,933 -39 85Permanent Portfolio PRPFX Sell 26 30 4.84 6.20 -0.1 * 4.1 * 0.6 6.8 Conservative Allocation None* 2,798 -15 95PIMCO All Asset PASDX Hold 13 9 8.83 12.72 0.9 * 5.0 * 4.6 12.8 * Fund of Funds/ Eq & Inc None* 18,915 -25 PwrSh Preferred PGX Sell 23 28 5.10 6.76 0.7 * 5.6 * 0.8 5.2 Preferred Stock ETF 4,500 PwShr S&P500 BuyWr PBP Buy 9 23 9.48 11.97 0.4 * 3.7 * 6.4 * 11.5 * S&P500 ByWr Idx ETF 295 Schwab Hedged Eq SWHEX Hold 12 14 8.92 12.92 0.2 * 1.1 8.7 * 13.6 * Mid Blend Lng/Sht 30d:2% 244 -34 TETON WWd Balanced WEBAX Sell 24 21 4.95 8.62 -0.4 * 3.0 4.8 8.4 Balanced/30% Income None* 69 -34 86TRPrice Bal RPBAX Hold 14 12 8.60 12.22 0.8 * 5.3 * 5.3 11.0 * Balanced/35% Bonds None* 3,767 -41 93Value Line Inc & Gro VALIX Buy 2 4 11.66 16.71 1.2 * 8.7 * 6.6 * 14.1 * Growth & Income None* 335 -33 103Vang Balanced VBINX Hold 16 14 7.83 10.55 0.0 * 3.8 * 4.9 10.6 * 60% Stks/40% Bonds None* 32,421 -36 80Vang LifeStrat Inc VASIX Sell 35 37 2.40 3.05 0.2 * 1.8 -0.1 3.7 Large Blend 80% Bonds None* 3,845 Vang STAR VGSTX Hold 15 15 8.51 12.01 0.9 * 5.2 * 4.6 11.4 * Fund of Funds/37% Bonds None* 19,396 -39 97Vang Wellesley Inc VWINX Sell 31 27 3.54 5.54 0.0 * 2.2 1.6 6.4 Conservative Allocation None* 51,130 -21 56Villere Balanced VILLX Sell 27 18 4.80 8.29 -0.8 3.6 * 2.3 10.0 Balanced 60/40 None* 337 Wasatch Long/Short FMLSX Sell 38 24 1.82 3.97 -1.8 -2.3 2.9 8.4 Long Short Equity 60d:2% 193



S&P 500 (SPY) 0.1 5.9 10.1 17.1 -55 121

DJIA (DIA) -0.6 5.1 14.2 19.7 -52 118


S&P 500 (SPY) 0.1 5.9 10.1 17.1 -55 121

DJIA (DIA) -0.6 5.1 14.2 19.7 -52 118

Vang Windsor II VWNFX Sell 55 72 8.62 18.81 0.3 4.8 10.8 18.6 Large-Cap Value None* 48,596 -57 149Weitz Value WVALX Sell 135 126 6.10 13.31 0.5 6.4 7.7 9.8 Multi-Cap Value None* 841 -59 114Wintergreen WGRNX Sell 57 121 8.56 18.68 2.0 7.2 10.5 14.5 World Stock 60d:2% 477 -52 WTree Div xFincl DTN Sell 139 101 5.87 12.80 -0.3 3.6 6.9 13.3 LgCp Divd Top100 ETF 923 -62 WTree LgCp Div DLN Sell 108 58 7.41 16.18 -0.1 4.4 9.2 16.2 US LgCp Dividend Wtd ETF 1,981 -58 XTrkrs EAFE Hdg Eq DBEF Buy 14 95 11.90 21.59 2.7 * 5.5 12.3 * 19.2 MSCI EAFE Currency Hdg ETF 8,316


Class 5 - Bond Funds STARS IDENTIFY THE BEST RETURN FOR EACH PERIOD IN EACH CATEGORY

Fund Name Ticker CPR


Portfolio DescriptionRedemption

FeeNAV

$SEC Yield

Total Assets $Mil

Total Return %

1 Mo 3 Mo 6 Mo 12 Moultra short-term

short-term

floating rate

intermediate-term

strategiC

high yield

world

emerging market

Merrill Lynch Corporate Master Index -0.1 1.4 -1.5 3.4 2771.49 3.35

Benchmark CurrentYields & Rates 3/31/2017

DoubleLine Low-Duration N DLSNX 2.27 0.1 0.7 0.8 * 2.6 * 1.16yr; BBB None* 10.03 * 2.07 4,089Fidelity Short-Term Bond FSHBX 1.01 0.2 * 0.5 0.1 1.0 1.80yr; A None* 8.61 1.19 6,309iShrs 1-3yr Credit Bnd CSJ 1.21 0.1 0.5 0.3 1.3 1.96yr; A ETF 105.09 1.64 11,303Janus Short-Term Bond JASBX 0.56 -0.2 0.3 -0.0 0.9 1.84yr; BBB None* 3.02 1.11 2,155MetroWest Low Dur MWLDX 1.19 0.1 0.4 0.4 1.2 1.29yr; A None* 8.72 1.32 3,101PIMCO Low-Duration D PLDDX 1.37 0.1 0.4 0.4 1.6 1.39yr; -N/A None* 9.85 1.19 9,058TRPrice Sh Term Bd PRWBX 1.31 0.2 * 0.6 0.2 1.4 1.83yr; A None* 4.72 1.46 5,115Vang Sh-Tm Inv Grd Inv VFSTX 1.45 0.1 0.8 * -0.0 1.8 2.59yr; A None* 10.66 1.89 58,993Weitz Short Duration Inc WSHNX 1.59 0.1 0.6 0.1 2.2 1.84yr; BBB None* 12.27 1,196

Baird Aggregate Bond Inv BAGSX 0.19 -0.0 0.9 -1.9 1.3 5.47yr; A None* 11.10 2.26 11,216Dodge & Cox Income DODIX 3.05 0.1 1.2 -0.1 * 4.4 4.00yr; BBB None* 13.64 2.79 47,060DoubleLine Core Fxd Inc N DLFNX 1.47 0.1 1.3 -1.2 2.5 4.67yr; BBB None* 10.85 2.70 7,891DoubleLine Tot Ret N DLTNX 0.91 0.3 1.0 -0.8 1.2 2.29yr; BB None* 10.63 3.36 54,308Fidelity Intmd Bond FTHRX 0.64 0.1 0.9 -1.1 1.2 3.97yr; A None* 10.83 2.25 3,141Fidelity Investment Grd FBNDX 1.50 -0.1 1.1 -1.4 3.2 5.58yr; A None* 7.83 1.68 9,193Harbor Bond HABDX 1.84 -0.1 1.5 -0.8 2.7 NAyr; -N/A None* 11.48 2.88 2,277iShrs Core Total US Bond AGG -0.75 -0.1 0.8 -2.3 0.2 5.19yr; AA ETF 108.27 2.15 42,186iShrs iBx$ InvGr CorBd LQD 0.36 -0.3 1.2 -2.7 2.5 8.59yr; A ETF 117.59 * 3.41 30,822MetroWest Tot Ret MWTRX -0.29 -0.1 0.8 -1.9 0.7 4.82yr; BBB None* 10.57 1.80 78,101PIMCO Invst Grade Corp D PBDDX 4.25 0.4 * 2.3 * -0.5 5.6 * 6.51yr; -N/A None* 10.36 2.74 10,136TCW Core Fixed-Inc N TGFNX -0.54 -0.0 0.8 -2.1 0.3 4.82yr; A None* 10.89 1.60 1,737TCW Total Ret Bd N TGMNX -0.88 0.1 0.8 -2.4 -0.1 4.67yr; BBB None* 10.21 2.54 9,550TRPrice New Income PRCIX -0.15 -0.1 1.0 -2.1 1.0 5.45yr; BBB None* 9.40 2.33 31,193Vang Tot Bd Mkt BND -0.75 -0.0 0.8 -2.4 0.3 5.78yr; AA ETF 80.91 2.50 176,037Vang Total Bd Mkt Idx VBMFX -0.65 -0.1 0.9 -2.3 0.3 5.78yr; AA None* 10.68 2.41 176,037

Fidelity Capital & Inc FAGIX 13.12 -0.3 4.1 * 5.6 * 14.6 4.21yr; B 90d:1% 10.01 4.05 11,124Fidelity High Income SPHIX 13.62 0.1 3.3 5.1 16.5 * 3.41yr; B 90d:1% 8.88 * 5.66 4,659iShrs iBx$ HiYld Corp Bnd HYG 10.17 -0.1 2.3 3.2 13.3 3.93yr; B ETF 87.41 5.06 18,416Janus High-Yield JAHYX 9.85 -0.5 2.0 4.1 12.5 3.77yr; B None* 8.49 5.26 2,079MetroWest Hi Yld-M MWHYX 8.31 0.3 * 2.1 3.5 9.3 2.62yr; B None* 9.60 2.90 900SPDR Barc HiYld JNK 11.01 -0.3 2.3 3.6 14.6 4.4yr; B ETF 36.76 12,602

Aberdeen Global High Inc BJBHX 10.82 -0.0 3.0 4.5 * 12.4 * 3.76yr; B None* 8.88 * 5.05 461Loomis S Glb Bd Ret LSGLX -0.50 0.4 2.5 -4.4 0.6 6.69yr; BBB 60d:2% 15.45 1.51 1,069PIMCO Frgn $Hdg D PFODX 2.44 -0.0 0.5 -0.4 4.4 7.74yr; -N/A None* 10.50 0.68 8,266PIMCO Frgn UnHdg D PFBDX -0.73 0.5 3.5 * -5.3 -0.1 7.59yr; -N/A None* 9.51 1.36 1,129PIMCO Gl UnHdg D PGBDX 0.14 0.3 2.5 -4.0 1.4 6.32yr; -N/A None* 9.15 1.47 474SPDR Barc Intl Tres BWX -4.77 0.8 * 2.5 -7.6 -4.4 8.1yr; A ETF 26.64 0.72 1,190TRPrice Intl Bond RPIBX -3.91 0.6 2.8 -7.7 -2.9 8.22yr; BBB 90d:2% 8.51 1.62 4,582Vang Total Intl Bond BNDX -0.68 -0.0 -0.1 -2.2 1.1 8.21yr; A ETF 54.08 0.75 6,532

Payden Limited Maturity PYLMX 1.18 -0.0 0.4 0.5 1.3 0.45yr; A None* 9.46 0.97 589PIMCO Short Term D PSHDX 2.83 0.1 * 0.5 * 1.3 * 3.2 * -0.01yr; -N/A None* 9.82 * 1.05 11,789

Fidelity FlRt Hi Inc FFRHX 7.37 0.1 1.0 * 2.9 * 9.4 * 0.29yr; B 60d:1% 9.65 * 3.28 10,511PIMCO Sr Floating Rate PSRDX 5.49 0.2 * 0.9 2.3 6.6 30d:1% 9.94 1,275

Aberdeen Total Return Bnd BJBGX 0.44 0.0 0.9 -1.8 1.7 5.65yr; A None* 13.13 2.16 467Fidelity Strat Income FSICX 6.13 -0.2 2.4 1.0 8.1 4.73yr; BB None* 10.82 3.42 7,669Fidelity Tot Bd FTBFX 2.42 0.0 1.3 -0.8 3.9 5.26yr; BBB None* 10.59 2.53 27,066Janus Flexible Bond JAFIX 0.23 -0.0 1.0 -1.8 1.2 5.64yr; BBB None* 10.31 2.28 9,024Loomis S Bd Ret LSBRX 7.80 -0.0 3.3 * 1.9 9.1 3.74yr; BB 60d:2% 13.86 2.99 13,865MetroWest Unconst Bond M MWCRX 3.70 0.2 1.2 1.3 4.1 1.43yr; BB None* 11.90 2.37 3,387Osterweis Strat Inc OSTIX 9.52 0.3 1.6 3.4 12.2 1.85yr; B 30d:2% 11.26 5,399PIMCO Income PONDX 9.40 0.8 * 2.8 4.1 9.5 3.06yr; -N/A None* 12.24 3.45 75,368PIMCO Low Duration Incm PFIDX 11.77 0.6 2.2 4.8 * 14.0 * 0.05yr; -N/A None* 8.46 3.07 404PIMCO Total Ret D PTTDX 1.44 -0.0 1.6 -1.0 2.1 5.42yr; -N/A None* 10.12 2.61 74,232PIMCO Total Return Bond BOND 2.13 0.1 1.6 -0.6 2.8 4.64yr; -N/A ETF 105.08 2.57 2,006Thompson Bond THOPX 9.45 0.1 1.9 3.3 12.1 1.79yr; BBB None* 11.35 * 3.48 2,372TRPrice Spectrum Inc RPSIX 5.23 0.1 2.1 0.8 6.6 5.22yr; BB None* 12.55 3.03 6,349

Fidelity New Mkts FNMIX 11.93 0.5 4.6 2.2 * 14.7 * 6.15yr; B 90d:1% 16.09 * 6.20 5,231iShrs JPMg EmgMkt Bd EMB 6.40 0.5 4.0 -0.8 8.0 7.18yr; BB ETF 113.26 4.82 9,223Payden Emrg Mkts Bd PYEWX 8.32 0.4 4.0 0.2 10.7 7.02yr; BB None* 13.80 5.03 1,155PIMCO Emg Loc Bnd D PLBDX 10.41 2.7 * 7.5 * 1.1 7.8 5.01yr; -N/A None* 7.37 5.56 3,896PIMCO Emg Mkts Bd D PEMDX 11.06 0.7 4.5 1.7 13.4 5.94yr; -N/A None* 10.43 4.70 1,884

Corporate AAA Eff Yld ...................3.07Corporate BBB Eff Yld ...................3.73Municipal Bonds ...........................4.253-Month Treasury Bills .................0.761-Year Treasury Notes ..................1.0310 Year Treasury Securities ..........2.40Prime Loan Rate ...........................4.00Fed Funds Rate .............................0.82Fidelity Cash Reserves .................0.39Schwab Mny Mkt (7d Yld) ............0.42Fidelity Muni Mny Mkt (7d Yld) ....0.51Schwab Muni Mny (7d Yld) ..........0.27Vanguard Prime (30d Yld) ............0.87S & P Dividend Yield (Last12).......1.96S&P 500 P/E Ratio (old) ................23.71S&P 500 P/E Ratio (new) .............21.20CPI (Trailing 12mo) ........................2.74%

How to Select Bond Funds

Bond Fund Listings

Bond funds are grouped by duration (short-term, intermediate-term, etc.) and by credit quality (high-yield, government, etc.) so you can quickly find funds and make more accurate, apples-to-apples comparisons.

Building A Bond Fund PortfolioThe Monthly Flexible Income Portfolio (MFIP) on page 3 offers explicit guid-ance on which bond funds to invest in now – and when to shift to different funds.

The MFIP closely resembles how we manage fixed income portfolios for our managed client accounts, as well the fixed income mutual fund we manage. More information on getting started with the MFIP is available in the User’s Guide to NoLoad FundX.

Symbols and FootnotesTotal Returns (1,3,6,12 Mo)“Stars” (*) indicate the top returns in the group for each period – the most recent 1, 3, 6 and 12 months.Portfolio Descriptions include average duration (a measure of interest rate sensitivity) and average credit quality, updated quarterly.SEC Yields (30-day) are reported by the funds.


Editor/Publisher: Janet Brown

Managing Editor: Phaedra Schroeder

Founder: Burt Berry

Contributing Editors: Jason Browne, Marty DeVault, Sean McKeon

Publications: Jeff Smith

Data Managers: Jay Matsuda, Chen Truong

Subscriber Services: Dannielle Kimpel, Natalie Schlegel FundX Investment Group

235 Montgomery St, Ste 1049 San Francisco CA 94104-3008 Credit Card Orders: (800) 763-8639 One-Year subscription: $179www.fundx.com email: [email protected] ©2016 ISSN 0194-0104 All rights reserved. Unauthorized use or reproduction, in whole or in part, by any means is prohib-ited. The information and data contained herein are compiled from procedures and sources believed reliable but accuracy cannot be guaranteed. NoLoad FundX is a monitoring system of fund performance. The publisher and owners hereof disclaim any and all liability for losses that may be sustained as a conse-quence of use of data presented herein. Past performance is no assurance of future results. All investments involve risk. Invest only after careful examination of fund prospectuses.

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Class 5 - Bond Funds con’t STARS IDENTIFY THE BEST RETURN FOR EACH PERIOD IN EACH CATEGORY

Fund Name Ticker CPR


Portfolio DescriptionRedemption

FeeNAV

$SEC Yield

Total Assets $Mil

Total Return %

1 Mo 3 Mo 6 Mo 12 Moshort-term government

intermediate term government

mortgage seCurities - generally baCked by us government agenCies.

tips treasury inflation proteCted seCurities

long-term government

short term tax-exempt bonds

intermediate term tax-exempt

long-term tax-exempt

high-yield tax-exempt, medium to lower quality

low volatility equity funds (used in monthly flexible inCome portfolio)

inverse bond market

ProFunds Rising Rt Opp RRPIX 10.82 0.8 -2.2 16.5 4.7 Trading-Inverse Debt None* 43.32 * 48ProShrs Ul Sht 20+Yr Tres TBT 14.66 1.0 * -4.1 23.8 * 6.2 * Trading-Inverse Debt ETF 39.13 * 2,241Rydex Invse Gov LongB RYJUX 9.97 0.7 -1.5 * 14.0 5.1 Trading-Inverse Debt None* 36.01 * 132

AmCen St-Tm Gov’t TWUSX -0.09 -0.0 0.2 -0.2 -0.1 1.84yr; AAA None* 9.58 0.56 238AMG Am Short Dur Gov MGSDX 0.78 -0.0 0.2 0.2 * 1.1 * 0.01yr; AAA None* 9.61 * 1.51 225iShrs 1-3yr Tres SHY 0.08 0.1 * 0.2 -0.2 0.1 1.89yr; AAA ETF 84.46 1.04 11,022iShrs Sht Tres Bd SHV 0.36 0.0 0.1 0.2 * 0.4 0.44yr; AAA ETF 110.29 0.51 4,443Vang Sh-Tm Federal Inv VSGBX -0.24 -0.1 0.2 -0.6 0.1 2.20yr; A None* 10.69 1.23 5,667Vang Sh-Tm Treas Inv VFISX 0.02 0.0 0.3 * -0.4 0.1 2.25yr; AA None* 10.64 1.01 7,796

AmCen Gov’t Bnd CPTNX -1.68 -0.0 0.6 -2.6 -1.1 4.61yr; AAA None* 10.95 1.65 887AMG Am Int Dur Gov MGIDX -0.72 -0.1 0.3 -1.6 * 0.1 * 2.29yr; AA None* 10.65 1.18 156Dreyf US Treas Int DRGIX -1.31 0.1 * 0.5 -1.9 -1.1 3.90yr; AAA None* 13.21 0.92 60Fidelity Gov’t Income FGOVX -1.69 -0.0 0.6 -2.7 -1.0 5.16yr; AA None* 10.19 1.70 4,413Fidelity Intmd Gov’t Inc FSTGX -0.97 0.1 * 0.5 -1.6 * -0.8 3.74yr; AA None* 10.47 1.41 610iShrs 3-7yr Tres IEI -1.30 0.1 * 0.7 -2.1 -1.0 4.53yr; AAA ETF 122.91 1.71 6,293iShrs 7-10y Tres IEF -3.45 0.1 * 1.0 * -4.8 -2.6 7.63yr; AAA ETF 105.43 * 2.20 7,010TRPrice US Tres Intm PRTIX -2.52 -0.0 0.7 -3.3 -2.0 5.61yr; AAA None* 5.73 1.41 356Vang Intm Treas Inv VFITX -1.78 0.1 * 0.8 -2.7 -1.4 5.25yr; AA None* 11.13 1.75 6,385

iShrs 20+yr Tres TLT -8.37 -0.7 1.7 * -11.1 -5.3 18.19yr; AAA ETF 120.46 * 2.81 5,211TRPrice US Tres Lng PRULX -8.26 -0.6 * 1.5 -10.7 -5.3 18.05yr; AAA None* 12.25 2.31 361Vang Lg-Tm Treas Inv VUSTX -7.43 -0.6 * 1.6 -10.1 * -4.5 * 17.20yr; AA None* 11.85 2.68 3,504

Fidelity Infln-Protect FINPX 0.37 -0.1 1.2 -1.5 1.1 5.78yr; AAA None* 12.07 -2.04 1,888iShrs 0-5 Year TIPS Bond STIP 1.68 0.2 * 0.7 0.5 * 1.7 2.58yr; AAA ETF 101.35 1,056iShrs TIPS Bond TIP 0.76 0.0 1.3 -1.4 1.5 8.11yr; AAA ETF 114.50 * -0.02 22,660PIMCO Real Return D PRRDX 1.94 0.1 1.8 * -0.7 2.4 * 7.97yr; -N/A None* 11.06 -0.97 10,787

Dreyf Sh-Int Mu-D DSIBX 0.36 -0.1 1.1 * -0.3 0.0 2.60yr; AA None* 12.91 0.88 497Fidelity Lmt Tm Muni Inc FSTFX 0.25 0.1 * 1.1 * -0.8 0.0 2.64yr; A None* 10.51 1.32 3,467TRPrice TxFr Sh-Int PRFSX 0.41 0.1 * 1.1 * -0.6 0.1 3.03yr; A None* 5.58 1.07 2,004Vang Ltd-Tm Tax-Ex Inv VMLTX 0.57 0.0 1.1 * -0.4 0.3 2.45yr; A None* 10.92 * 1.33 23,153Vang Sh-Tm Tax-Ex Inv VWSTX 0.77 0.0 0.6 0.2 * 0.6 * 1.18yr; A None* 15.77 0.93 14,533

AmCen Tx-Fr Bond TWTIX -0.49 0.3 * 1.4 * -2.2 * -0.4 5.10yr; A None* 11.20 1.92 3,205Dreyf Int Muni DITEX -0.53 0.3 * 1.4 * -2.2 * -0.4 4.88yr; A None* 13.54 1.79 722iShrs Nat AMT-Free Muni MUB -0.64 0.3 * 1.1 -2.3 -0.3 4.79yr; AA ETF 108.74 2.00 7,772Sit Tax-Free Income SNTIX -0.27 0.3 * 1.4 * -2.5 0.3 * 5.50yr; BBB None* 9.49 * 3.08 156

Dreyf Muni Bond DRTAX -0.67 0.3 * 1.6 * -2.7 -0.3 5.15yr; A None* 11.58 2.23 1,350Fidelity Sp Muni Inc FHIGX -0.80 0.3 * 1.5 -3.1 -0.2 6.57yr; A None* 12.92 2.42 5,417Schwab Tx-Fr SWNTX -0.46 0.2 1.4 -2.0 * -0.4 5.26yr; A None* 11.57 1.79 667TRPrice TaxFr Inc PRTAX -0.45 0.2 1.2 -2.3 -0.0 * 5.57yr; A None* 10.06 2.17 2,549Vang Lg-Tm Tax-Ex Inv VWLTX -0.58 0.3 * 1.3 -2.7 0.0 * 6.04yr; A None* 11.43 * 2.68 9,959

TRPrice TxFr Hi-Yld PRFHX 0.50 0.5 * 1.8 * -2.6 1.2 * 6.90yr; BB 90d:2% 11.79 3.20 4,498Value Line Tx-Ex Natl Bd VLHYX -0.86 0.1 1.1 -2.3 * -0.5 NAyr; AA None* 9.79 1.53 62Vang Hi-Yield Tx-Ex Inv VWAHX -0.10 0.4 1.7 -2.9 0.6 6.19yr; BBB None* 11.09 * 3.24 10,687

Merrill Lynch US Treasury Index -0.1 0.7 -3.3 -1.5 1568.52 1.92

AmCen GNMA BGNMX -1.00 -0.2 0.2 -1.5 -0.3 2.60yr; AAA None* 10.51 1.51 1,084CRA Qual Invest Fund CRATX -1.09 0.1 * 0.5 -2.0 -0.7 NAyr; A None* 10.52 2.16 1,944Fidelity GNMA FGMNX -0.35 -0.1 0.3 -1.2 0.3 2.90yr; AAA None* 11.41 2.09 5,586iShrs MBS Bond MBB -0.69 0.0 0.6 -1.7 -0.2 1.80yr; AAA ETF 106.32 1.88 10,180PIMCO Mrtg-Bkd Sec PTMDX 0.90 0.1 * 1.0 * -0.9 * 1.4 * 2.33yr; -N/A None* 10.44 1.86 197TRPrice GNMA PRGMX 0.01 -0.1 0.4 -0.9 * 0.6 2.88yr; AAA None* 9.29 1.73 1,449Vang GNMA Inv VFIIX -0.57 -0.1 0.3 -1.5 0.3 1.94yr; AAA None* 10.51 * 2.78 25,539

Bond Buyer Municipal Index 0.1 1.2 -5.1 -0.4 123.53 4.25

Fidelity Real Est Inc FRIFX 7.75 -0.1 * 2.7 1.8 9.8 Real Estate 90d:.75% 12.07 4,973Hussman Strat Tot Ret HSTRX 1.01 0.2 * 1.2 -2.0 2.5 Tactical Allocation 60d:1.5% 12.07 400M&N ProBld Cnsrv EXDAX 5.86 0.1 * 3.4 1.4 5.8 Conservative Allocation None* 13.55 1,100Merger Fund MERFX 2.81 0.1 * 0.8 1.9 2.4 Market Neutral None* 15.78 2,865Permanent Portfolio PRPFX 6.20 -0.1 * 4.1 * 0.6 6.8 Conservative Allocation None* 39.31 2,798PwrSh Preferred PGX 6.76 0.7 * 5.6 * 0.8 5.2 Preferred Stock ETF 14.82 4,500Vang Wellesley Inc VWINX 5.54 -0.0 * 2.2 1.6 6.4 Conservative Allocation None* 25.86 51,130


Lower-ranked funds can be found on pages 6-13.Upgrading at a GlanceBU

YSSE

LLS

HOLD

SCLASS 1

Aggressive/Sector FundsRANK FUND TICKER REDP

CLASS 2Aggressive Funds

RANK FUND TICKER REDP

CLASS 3Core, Diversified Funds


CLASS 4 Total Return & Balanced Funds


Subj

ect t

o Re

dem

ptio

n Fe

es a

nd S

hort-

term

trad

ing

polic

ies

FundXpress Ranks as of 3/31/2017

1 Dodge & Cox Bal DODBX None* 2 Value Line Inc & Gro VALIX None* 3 Oakmark Eq & Inc OAKBX None* 4 Fidelity Asset Mgr 70% FASGX None* 5 Fidelity Bal FBALX None* 6 Fidelity Puritan FPURX None* 7 Janus Balanced JABAX None* 8 Greenspring GRSPX 60d:2% 9 PwShr S&P500 BuyWr PBP ETF 10 FPA Crescent FPACX 90d:2% 11 AmBeacon Bal AABPX None* 12 Schwab Hedged Eq SWHEX 30d:2% 13 PIMCO All Asset PASDX None* 14 TRPrice Bal RPBAX None* 15 Vang STAR VGSTX None* 16 Vang Balanced VBINX None* 17 Leuthld Cor Invest LCORX 5d:2% 18 AmCen Balanced TWBIX None* 19 Fidelity Asset Mgr 50% FASMX None* 20 Buffalo Flex Inc BUFBX None* 21 Hennessy Eq Inc HEIFX None* 22 Mairs&Power Bal MAPOX None* 23 PwrSh Preferred PGX ETF 24 TETON WWd Balanced WEBAX None* 25 Pax Balanced PAXWX None* 26 Permanent Portfolio PRPFX None* 27 Villere Balanced VILLX None* 28 Fidelity Real Est Inc FRIFX 90d:.75% 29 Fidelity Global Bal FGBLX None* 30 Fidelity Freedom Inc FFFAX None*

1 Oakmark Intl OAKIX None* 2 Dodge & Cox Glob Stk DODWX None* 3 Dodge & Cox Stock DODGX None* 4 Lazard Gl Listed Infras GLFOX None* 5 PIMCO StksPlus Intl PIPDX None* 6 Ariel ARGFX None* 7 Primecap Odyssey Growth POGRX None* 8 Fidelity Blue Chip Gr FBGRX None* 9 PIMCO StkPls Abs Ret PSTDX None* 10 RidgeW Cdex MdCp Val SMVTX None* 11 Oakmark Global OAKGX None* 12 Scout Md Cp UMBMX None* 13 Oakmark Fund OAKMX None* 14 XTrkrs EAFE Hdg Eq DBEF ETF 15 TRPrice Growth PRGFX None* 16 Harbor Lg Cp Val HILVX None* 17 Oakmark Global Sel OAKWX None* 18 Parnassus Endeavor PARWX None* 19 Vang Windsor VWNDX None* 20 iShrs S&P400 Val IJJ ETF 21 TRPrice Blue Chip Gr TRBCX None* 22 Vang Meg Cap Gr MGK ETF 23 Fidelity Lg Cap Stk FLCSX None* 24 SPDR DJ Ind Avg DIA ETF 25 Selected Amer Shrs SLASX None* 26 PwrSh Dvlp Mkts xUS PXF ETF 27 PwrSh Lg Cp Val PWV ETF 28 Artisan Value Investor ARTLX None* 29 Fidelity Contra FCNTX None* 30 AmBeacon LrgC Value AAGPX None* 31 TRPrice Intl Stk PRITX 90d:2% 32 Domini Impact Intl Equity DOMIX 30d:2% 33 Royce Tot Ret RYTFX 30d:1% 34 Vang Growth VUG ETF 35 Clipper Fund CFIMX None* 36 iShrs Rusl 1000 Gro IWF ETF 37 iShrs EAFE Val Idx EFV ETF 38 Laudus US Lg Cp Gr LGILX None* 39 Vang All-Wld xUS SmCp VSS ETF 40 Tweedy Brn Global Val TBGVX 14d:2% 40 Causeway Intl Value CIVVX 59d: 2% 41 iShrs MSCI US Momentm MTUM ETF 42 Vang FTSE Soc Idx VFTSX None* 43 Schwab Core Equity SWANX None* 44 Laudus Intl MktMstrs SWOIX 30d:2% 45 TRPrice Spectrum Intl PSILX 90d:2% 46 Vang All-Wld exUS VEU ETF 47 Vang Tot Intl Stock VXUS ETF 48 iShrs Core S&P MidC IJH ETF 49 Vang Intl Val VTRIX None* 50 SPDR S&P MidCap 400 MDY ETF 51 Janus Fund JANSX None* 51 iShrs Core Russell US Gr IUSG ETF 52 SPDR MSCI ACWI exUS CWI ETF 53 Fidelity Gro & Inc FGRIX None* 53 PIMCO StksPlus D PSPDX None* 54 Vang Mid Cap Val VOE ETF 55 Vang Windsor II VWNFX None* 56 Vang FTSE Devlpd Mkts VEA ETF 57 Vang Meg Cap MGC ETF 57 Wintergreen WGRNX 60d:2% 58 TRPrice Spectrum Gr PRSGX None* 59 Royce Penn Mutual RYPFX 30d:1% 60 Vang TotStkMk VTI ETF 61 iShrs MSCI EAFE EFA ETF 62 iShrs MSCI US ESG Sel KLD ETF 62 TRPrice Equity Inc PRFDX None* 63 Vang Capital Val VCVLX None* 64 iShrs Rusl 3000 IWV ETF 65 iShrs S&P500 Gr IVW ETF 65 Vang Euro Idx VGK ETF 65 Vang Large Cap VV ETF 66 iShrs Europe IEV ETF 67 iShrs Dow Jones US IYY ETF 67 Janus Gro & Inc JAGIX None*

1 Fidelity OTC FOCPX None* 2 Baron Partners Retail BPTRX None* 3 PwrSh QQQ QQQ ETF 4 Fidelity Nasdaq Comp ONEQ ETF 5 Rydex Nasdaq 100 RYOCX None* 6 Baron Opportunity Retail BIOPX None* 7 TRPrice New Amer Gr PRWAX None* 8 SPDR EmgMkt SmCp EWX ETF 9 Hennessy Sm Cp Fin HSFNX None* 10 TiaaCref Sm-Cap Eqty TCSEX None* 11 Oakmark Select OAKLX None* 12 iShrs Rusl 2000 Val IWN ETF 13 iShrs AllCntryAsia xJpn AAXJ ETF 14 Schwab Sm Cap Idx SWSSX None* 15 SPDR Eur STOXX 50 FEZ ETF 16 AmBeacon Sm Cap Val AVPAX None* 16 iShrs Rusl 2000 IWM ETF 17 iShrs MSCI Emg Mkts EEM ETF 18 TETON Mighty Mites WEMMX 7d:2% 19 iShrs S&P SmCp 600 Gr IJT ETF 20 SPDR SP600 SmCp Gr SLYG ETF 21 Vang Intl Gro VWIGX None* 22 Oakmark Intl Sm Cap OAKEX 90d:2% 23 Value Line Larger Co Foc VALLX None* 24 Scout Sm Cp UMBHX None* 25 Perkins Sm-Cap Value JSCVX None* 26 WmBlair SmMd Cap Gr WSMNX None* 27 iShrs Core S&P SmCp IJR ETF 28 Fidelity Emg Mkts FEMKX 90d:1.5% 29 Janus Overseas JAOSX None* 30 Ariel Appreciation CAAPX None* 31 Northern Sm Cap Val NOSGX None* 32 iShrs Rusl MicroCp IWC ETF 33 iShrs S&P SmCp 600 Val IJS ETF 34 Baron Small Cap Retail BSCFX None* 35 SPDR SP600 SmCp Val SLYV ETF 36 Hodges Fund HDPMX 30d:1% 37 Fidelity Lvrg CoStk FLVCX None* 38 Vang Emg Mkts Idx VWO ETF 39 Gabelli Sm Cp Gr GABSX 7d:2% 40 AMG Special Eq MGSEX None* 41 iShrs MSCI EMU EZU ETF 41 OakA WhiteOak Sel Gr WOGSX None* 42 Matthws Asia Div MAPIX None* 43 Vang SmC Val VBR ETF 44 Harbor Cap Appr Inv HCAIX None* 45 Baron Asset Retail BARAX None* 46 Driehs Emg Mkt Gr DREGX 60d:2% 47 Janus Global Sel JORNX None* 48 Baron Growth Retail BGRFX None* 49 Dreyf Mid Cap Indx PESPX None* 50 Matthws PacTiger MAPTX None* 51 iShrs Rusl 2000 Gro IWO ETF 52 Fidelity Stk Sel AllCp FDSSX None* 53 Conestoga Sm Cap CCASX None* 53 Berwyn Fund BERWX 60d:1% 54 AMG Yacktman Foc YAFFX 60d:2% 54 Marsico 21st Century MXXIX None* 55 PwrSh HiYld Eq Div Ach PEY ETF 56 AmCen Select TWCIX None* 57 Parnassus PARNX None* 58 Vang Ext Mkt VXF ETF 59 TCW Sel Eq N TGCNX None* 60 Eventide Gilead ETGLX None* 61 Artisan Global Opp ARTRX None* 62 Fidelity Trend FTRNX None* 63 Vang Explorer VEXPX None* 64 Fidelity Value Strategies FSLSX None* 65 Amana Gr AMAGX None* 66 Vang Sm-Cap VB ETF 67 Vang Morgan VMRGX None* 68 Vang Pacific VPL ETF 69 Vang Intl Explorer VINEX None* 70 WTree Intl SmCp Div DLS ETF 71 Vang Sm-Cap Gro VBK ETF

1 VanEck Vect Semicon SMH ETF 2 Fidelity Sel Computer FDCPX 30d:.75% 3 Fidelity Sel Tech FSPTX None* 4 SPDR S&P Region Bank KRE ETF 5 Fidelity Sel Semicon FSELX 30d:.75% 6 iShrs MSCI Chile Cpd ECH ETF 7 iShrs MSCI Brazil Cpd EWZ ETF 8 Fidelity Sel Chemical FSCHX None* 9 Fidelity Sel Banking FSRBX 30d:.75% 10 iShrs US Fin Svc IYG ETF 11 iShrs US Home Construct ITB ETF 12 SPDR Financial XLF ETF 13 iShrs LatAmr 40 ILF ETF 14 SPDR S&P Biotech XBI ETF 15 Janus Global Tech JAGTX None* 16 Gugh S&P500 Eq Wt Tech RYT ETF 17 Matthws India MINDX None* 18 iShrs NA Software IGV ETF 19 TRPrice Fin Svcs PRISX None* 20 Fidelity Sel MultiMedia FBMPX 30d:.75% 21 iShrs Glb Financials IXG ETF 22 iShrs MSCI S Korea Cpd EWY ETF 23 iShrs MSCI India INDA ETF 24 iShrs US Tech IYW ETF 25 Matthws China MCHFX None* 26 Vang Info Tech VGT ETF 27 PwrSh Goldn Drgn PGJ ETF 28 iShrs MSCI Italy Cpd EWI ETF 28 Fidelity Sel Med Eq FSMEX None* 29 FirstTrust DJ Internet FDN ETF 30 Fidelity Sel Fin Svs FIDSX None* 31 Fidelity Sel Wireless FWRLX 30d:.75% 32 iShrs MSCI Australia EWA ETF 33 SPDR Technology XLK ETF 34 Fidelity Sel Biotech FBIOX None* 35 iShrs MSCI TaiwanCpd EWT ETF 36 Fidelity Sel Software & IT FSCSX None* 37 iShrs US Financials IYF ETF 38 USAA Science & Tech USSCX None* 39 iShrs US Basic Matrls IYM ETF 40 Matthws Korea MAKOX None* 41 Fidelity Sel DefAero FSDAX None* 42 WTree Japan Hedg Eq DXJ ETF 43 Fidelity Sel Broker FSLBX 30d:.75% 44 Fidelity Emg Asia FSEAX 90d:1.5% 45 iShrs MSCI PacxJpn EPP ETF 46 Fidelity Sel Materials FSDPX None* 47 iShrs MSCI Germany EWG ETF 48 iShrs MSCI France EWQ ETF 49 iShrs MSCI Hng Kng EWH ETF 50 iShrs MSCI Mexico Cpd EWW ETF 51 iShrs MSCI Singapore EWS ETF 52 iShrs MSCI Sweden Cpd EWD ETF 53 Fidelity Sel Leisure FDLSX 30d:.75% 54 Fidelity Sel CommsEqp FSDCX 30d:.75% 55 SPDR Industrial XLI ETF 56 SPDR Material Sel XLB ETF 56 Fidelity Sel Insurance FSPCX 30d:.75% 57 Matthws Asia Innovators MATFX None* 58 Fidelity Sel ConsFin FSVLX 30d:.75% 59 iShrs US Industrials IYJ ETF 60 FlexShrs Gl Upstrm NatRes GUNR ETF 61 SPDR S&P Homebldrs XHB ETF 62 Vang Consr Disc VCR ETF 63 SPDR Consr Discr XLY ETF 64 Fidelity Sel EngySvc FSESX 30d:.75% 65 Fidelity Sel AirTran FSAIX 30d:.75% 66 TRPrice Japan PRJPX 90d:2% 67 iShrs China Lg Cp FXI ETF 68 PwrSh Water Resrces PHO ETF 69 VanEck Vect Agribus MOO ETF 70 Fidelity Sel NatGas FSNGX 30d:.75% 71 iShrs Silver Trust SLV ETF 72 iShrs US Consumer Svs IYC ETF 73 Fidelity Sel ConsHous FSHOX 30d:.75%

Abbreviations & Columns

REDP

Fund-imposed redemption fees (check with your broker about broker-imposed fees). 90d:2% means the fund will charge you 2% if you sell in under 90 days. ETF: ETFs do not have redemption fees, but there is a charge to trade. None*: We are not aware of a redemption fee for this fund. Contact the fund directly to confirm.Closed: Sales are restricted or limited. Direct: Direct purchase only. Not available for new purchase at brokers.

See page 6 for more on how we rank funds.

Quick StartNoLoad FundX separates funds into four risk classes. Class 3 funds typically have had the best trade-off between risk and re-turn, and are appropriate as the foundation of a growth portfolio.

Upgrading in 3 Steps:1.BUY Invest in the funds marked as Buys. Choose funds based on your broker’s availability and your expected holding period.

2.HOLD Hold funds as long as they rank as a Buy or Hold. We recommend holding funds at least 90 days before selling.

3. SELL Consider selling when a fund falls into the Sells and reinvest in a new Buy. Note: Make sure you are not subject to redemption fees from the fund or from your broker.

The User’s Guide to NoLoad FundX is available online: www.fundx.com

Documents

NoLoad - FundX · PDF file2 April 2017 NoLoad FundX Investing for Growth & Stability Part II: Class 4 in New purchases are in bold. Mutual funds are held a minimum of 90 days (ETFs