Stock Fund Performance by Morningstar Category

Here are average total returns for equity mutual fund categories tracked by Morningstar, through March 31. Total return is principal change plus dividend or interest income, if any. Figures for periods longer than one year are annualized average returns. Category descriptions, and Morningstar’s top--rated picks in each category, appear in the tables on the next few pages.

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Obj Tot. % Return Annualized Category Cat 1st Q 1-yr 3-yr 5-yr 10-yr Technology ST 16.7% 51.7% 27.0% 25.3% 23.0% Communications SC 15.9 37.6 29.1 22.8 20.1 Japan JS 15.0 21.9 -3.6 -4.3 -2.7 Latin America LS 11.3 -31.9 -0.4 -4.5 NA Div Pacific/Asia DP 8.7 0.6 -9.8 -5.1 3.4 Large growth LG 8.0 28.1 26.7 23.5 18.4 Div emerging mkts EM 7.7 -25.4 -8.2 -6.7 2.2 Natural resources SN 6.5 -22.7 -0.8 6.1 6.7 Mid-cap growth MG 3.9 9.0 14.5 16.7 15.2 Large blend LB 3.3 11.8 22.6 21.3 16.2 Financial SF 2.6 -1.6 23.8 24.2 20.7 Convertibles CV 2.4 0.0 11.8 11.7 11.8 Misc sectors SS 2.4 -0.6 15.1 14.5 15.3 Foreign FS 1.9 -0.4 8.6 7.7 8.4 World WS 1.8 0.2 11.8 11.7 10.6 Pacific/Asia ex Japan PJ 1.6 -13.1 -14.9 -7.9 -0.8 Large value LV 1.1 2.4 18.0 18.8 14.9 Domestic hybrid DH 0.8 5.3 14.0 14.1 12.0 International IH 0.4 2.4 6.6 6.9 5.8 Health SH -1.4 7.2 13.1 19.6 19.7 Mid-cap blend MB -1.8 -3.2 14.2 15.6 13.7 Small growth SG -1.9 -7.5 7.7 12.1 13.9 Mid-cap value MV -2.4 -9.7 12.7 14.3 12.5 Utilities SU -3.2 3.6 15.7 14.0 13.3 Europe ES -3.3 -2.2 16.8 15.3 10.7 Precious metals SP -3.9 -21.7 -24.6 -13.5 -4.8 Real estate SR -4.9 -21.0 7.6 7.0 7.0 Small blend SB -6.9 -19.8 7.8 10.8 10.7 Small value SV -9.6 -23.0 8.0 10.7 10.6 Avg. domestic stock 0.9 3.6 17.2 18.0 15.0 Average international stock 2.8 -5.3 3.7 4.7 5.4 S&P; 500 index 5.0 18.5 28.1 26.2 19.0

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NA=Not applicable

Source: Morningstar Inc.