This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Stocks × Focus on blue-chips× Underweight small-caps× Consider dividend-payers
Page 34 of 38This document is not complete without accompanying disclosures on page 38.
For More Information…
For illustrative purposes only.
Page 35 of 38This document is not complete without accompanying disclosures on page 38.
Q&A
Page 36 of 38This document is not complete without accompanying disclosures on page 38.
The information, data, analyses and opinions presented herein do not constitute investment advice; are provided solely for informational purposes and therefore are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. The opinions expressed are as of the date written and are subject to change without notice. Except as otherwise required by law, Morningstar Investment Services shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, the information, data, analyses or opinions or their use. Past performance is not a guarantee of future results.
The information contained herein is the proprietary property of Morningstar Investment Services and may not be reproduced, inwhole or in part, or used in any manner, without the prior written consent of Morningstar Investment Services.
Index Returns Individual index performance is provided as a reference only. Each index is unmanaged and is not available for direct investment. Since indices and/or composition levels may change over time, actual return and risk characteristics may be higher or lower than those presented. Although index performance data is gathered from reliable sources, Morningstar Investment Services cannot guarantee its accuracy, completeness or reliability. Benchmark data sources are: Morningstar, Inc., Russell Mellon Analytical Services, Barclays Capital, Citigroup, Morgan Stanley, Standard & Poor’s, NAREIT, Dow Jones, and Merrill Lynch.
S&P 500 Index – The Standard & Poor's index of 500 stocks is a popular standard for measuring stock market performance among the biggest, most broadly-based companies in the U.S.
Appendix: Disclosures
Page 37 of 38This document is not complete without accompanying disclosures on page 38.
Appendix: Disclosures
Portfolio Performance The portfolio returns presented are derived from portfolios seeded on the Inception Dates noted in the table. Portfolios designated with a roman numeral were created due to closures of certain underlying funds to new investors within the original portfolios. Except for the underlying funds replacing those that are closed to new investors, these portfolios have the same underlying funds, investment objective, and time horizon as the original same strategy portfolios. Therefore, the historical performance for a portfolio designated with a roman numeral is a blend of the performance of the original portfolio and successive same strategy portfolios as detailed under the Inception Dates. Except for the closures of some underlying funds to new investors in the original portfolios, these portfolios have the same objective, underlying funds and time horizon. Portfolios designated with an “R” are those containing certain underlying funds that are closed to new investors within the original portfolios. The historical performance for a portfolio designated with an “R” is the performance of the original portfolio and that of the closed fund; the historical performance of the portfolio of the same name is a blend of the performance of the original portfolio and successive same strategy portfolios. Except for the underlying funds replacing those that are closed to new investors, these portfolios have the same underlying funds, investment objective, and time horizon as the original same strategy portfolios.
Return calculations do not include the Total Maximum Annual Program Fee (see fee table below) and assume all dividends and capital gains distributions are reinvested, are net of fund expenses and are based on the underlying funds’ net asset value as of the close of trading on the New York Stock Exchange at the last business day of a month. The Seeded Portfolios have similar investment objectives and strategies as the portfolios recommended to individual clients. The purpose in presenting the Seeded Portfolio performance is to provide a historical indication of the performance of the portfolio’s strategy. The Seeded Portfolios may not have contained the same holdings that are currently underlying the portfolios provided to individual clients. Past performance does not guarantee future results. In no way should the Seeded Portfolio performance be considered indicative of a portfolio’s future performance nor should it be viewed as a substitute to the actual portfolios being recommended to individual clients. Results of an investment made today in the Morningstar Managed Portfolios Program may differ substantially from the historical performance shown and as a result, an individual client may incur a loss. Returns greater than one year are annualized.
Total Maximum Annual Program Fee: Mutual Fund – 150 bps, ETF – 141 bps, SSB – 165 bps
Page 38 of 38This document is not complete without accompanying disclosures on page 38.