The Fund vs. Fund Report places two open-end mutual funds side-by-side so you can quickly compare their return history, portfolio profiles, asset allocation, stock sector breakdowns, etc.
To view an interactive annotation of this report, click here.
Performance
Growth of $10,000
Shows the growth of a $10,000 investment for the trailing four full years and current year-to-date. (The graph will go back only as far as the youngest item. )
Equity Style
The Morningstar Style Box is a nine-square grid that provides a graphical representation of the investment style of mutual funds. For stock funds, it classifies securities according to market capitalization (the vertical axis) and growth and value factors (the horizontal axis).
Fixed-Income Style
The Morningstar Style Box is a nine-square grid that provides a graphical representation of the investment style of mutual funds. Fixed-income funds are classified according to credit quality (the vertical axis) and sensitivity to changes in interest rates (the horizontal axis).
Quartile rank (in cat)
Charts in which quartile a fund's calendar-year returns landed, relative to other funds in its category.
Total Return %
The total returns shown here are calculated on a calendar-year basis.
+/- S&P 500
Measures the performance (total return %) of a fund versus the performance of the S&P 500.
Quick Stats
Morningstar Rating
The Morningstar Rating for funds is a measure of a fund's risk-adjusted return, relative to funds in its category. Funds are rated from one to five stars, with the best performers receiving five stars and the worst performers receiving a single star.
Morningstar Risk
An assessment of the variations in a fund's monthly returns, with an emphasis on downside variations, in comparison to similar funds. In each Morningstar Category, the 10% of funds with the lowest measured risk are described as Low Risk, the next 22.5% Below Average, the middle 35% Average, the next 22.5% Above Average, and the top 10% High. Morningstar Risk is measured for up to three time periods (three-, five-, and 10-years). These separate measures are then weighted and averaged to produce an overall measure for the fund.
Morningstar Return
The Morningstar Return figure is an assessment of a fund’s excess return over a risk-free rate (the return of the 90-day Treasury bill), after adjusting for all applicable loads and sales charges, in comparison to similar funds. In each Morningstar Category, the top 10% of funds earn a High Morningstar Return, the next 22.5% Above Average, the middle 35% Average, the next 22.5% Below Average, and the bottom 10% Low. Morningstar Return is measured for up to three time periods (three-, five-, and 10-years). These separate measures are then weighted and averaged to produce an overall measure for the fund.
Morningstar Category
The Morningstar Category identifies funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio statistics and compositions over the past three years).
Expense Ratio
The percentage of fund assets paid for operating expenses and management fees, including 12b-1 fees, administrative fees, and all other asset-based costs incurred by the fund, except brokerage costs. Sales charges are not included in the expense ratio.
Total Assets
The month-end net assets of the mutual fund.
Inception
The date on which the fund began its operations.
Manager
The name of the individual or individuals who are employed by the advisor or subadvisor who are directly responsible for managing the fund’s portfolio, as taken directly from the fund's prospectus.
Investment Style
Equity Investment Style
The Morningstar Style Box is a nine-square grid that provides a graphical representation of the investment style of mutual funds. For stock funds, it classifies securities according to market capitalization (the vertical axis) and growth and value factors (the horizontal axis).
Fixed-Income Investment Style
The Morningstar Style Box is a nine-square grid that provides a graphical representation of the investment style of mutual funds. Fixed-income funds are classified according to credit quality (the vertical axis) and sensitivity to changes in interest rates (the horizontal axis).
Ownership Zone
Ownership Zones are the shaded area of the Style Box, intended to be a visual measure of a fund's style scope - that is, the primary area of ownership on the Style Box. The fund centroid, appearing in the center of the Ownership Zone, represents the weighted average of all the fund’s holdings.
Portfolio Profile
Top 5 Holdings out of
Top five holdings of the fund, ranked by % Assets.
Asset Allocation
A breakdown of the fund's portfolio holdings into general investment classes. Composition is broken down into Cash, U.S. Stocks, Non-U.S Stocks, Bonds, and Other.
World Regions
A breakdown of the fund's holdings into the three main world regions: Americas, Greater Europe, and Greater Asia.
Stock Sectors
A breakdown of the fund's portfolio holdings into the 12 stock sectors (and three super sectors).