12
After a sluggish April, the market picked up a bit in
May. Many U.S. and foreign stocks posted modest
gains, while the Barclays U.S. Aggregate Bond Index
also came out ahead.
In the United States, large-cap stocks continued to
edge small caps.The S
&
P
500
posted a
2
.
35%
gain for
the month, while the Russell
2000
Index returned
about
0
.
80%
. Small-blend funds
Berwyn
BERWX
and
Ariel Discovery
ARDFX
were among the M
500
’s
worst performers for the month and have also ranked
near the bottom for the year to date. Despite the
precious-metals category’s reasonable gain for the
year to date, the funds pulled back during the
month. Diversified funds with significant metals and
mining exposure, such as
Royce Low Priced
Stock
RYLPX
and
Franklin Balance Sheet Invest-
ment
FRBSX
, also posted below-average returns
for the month. Real estate funds had a strong show-
ing in May and have retained their place as one
of the top-performing categories for the year to date.
On the international front, the
MSCI
Emerging
Markets Index surpassed the developed-markets-
focused
MSCI
EAFE
Index by nearly
200
basis
points for the month.
Janus Overseas
JAOSX
stood
atop the foreign large-blend category thanks to
its huge stake in emerging markets (nearly half the
fund’s assets).
Matthews India
MINDX
was the
M
500
’s top performer for the month and year to date,
with double-digit gains following a loss in
2013
.
Emerging-markets bonds were also strong. The
category had one of the biggest fixed-income gains in
May. Long-term government bonds continued their
run. The average fund in the category was up double
digits for the year to date, mirroring the broader
trend of long-duration bonds surpassing shorter-
duration fare.
œ
Contact Katie Reichart at
Total Return
%
Through
A N N U A L I Z E D
05-31-14
1Mo YTD 3Yr
5Yr
10Yr
Benchmark Performance
Stocks Pick Up in May
Market Overview
|
Katie Reichart
Large Growth
3.1 2.2 12.7 16.8 6.9
Large Blend
2.2 4.2 13.0 16.6 7.0
Large Value
1.7 4.6 13.1 16.6 6.9
Mid-Cap Growth
1.6 0.0 10.3 17.9 8.1
Mid-Cap Blend
1.6 3.2 12.1 18.8 8.7
Mid-Cap Value
1.8 4.4 13.2 19.5 9.0
Small Growth
0.1 -4.7 9.6 18.5 7.5
Small Blend
0.6 -0.6 11.7 18.9 8.3
Small Value
0.7 0.6 12.5 19.4 8.6
Aggressive Allocation
1.8 3.5 8.8 13.3 6.6
Conservative Allocation
1.3 3.9 5.7 9.1 5.1
Moderate Allocation
1.7 3.7 8.3 11.9 6.0
Communications
3.9 1.9 8.8 14.8 7.3
Financials
1.2 0.7 12.2 13.9 3.1
Global Real Estate
3.3 8.8 7.0 14.6 7.8
Health
3.0 6.1 20.8 22.3 10.5
Natural Resources
0.5 6.4 -0.7 7.5 8.9
Precious Metals
-6.1 8.1 -24.9 -8.4 3.6
Real Estate
2.6 15.3 9.3 21.3 8.9
Technology
3.7 2.3 10.6 17.9 7.9
Utilities
1.3 11.7 12.5 15.3 10.5
S&P 500
2.4 5.0 15.2 18.4 7.8
S&P MidCap 400
1.8 3.2 12.9 20.8 10.3
Russell 2000
0.8 -2.0 11.7 19.3 8.6
Diversified Asia/Pac. Stock
3.3 0.4 3.4 9.2 7.3
Diversified Emerg. Mkts.
3.5 3.3 -1.3 8.3 10.5
Europe Stock
0.6 3.7 6.9 12.6 7.7
Foreign Large Blend
1.7 2.6 5.6 10.5 6.6
Foreign Large Growth
1.8 1.6 5.3 11.4 7.1
Foreign Large Value
1.4 3.8 6.1 10.3 6.4
Foreign Small/Mid Growth
1.9 2.6 8.4 15.7 10.3
Foreign Small/Mid Value
1.3 4.3 7.5 14.5 8.2
World Stock
2.1 3.6 8.8 13.7 7.4
MSCI EAFE
1.6 3.8 7.3 11.4 7.1
MSCI World
2.0 4.3 10.6 14.5 7.3
MSCI Emerging Markets
3.5 3.4 -1.8 8.4 11.7
MSCI Europe
0.9 5.6 8.0 12.6 7.7
MSCI Latin America
-0.4 1.3 -10.3 1.3 12.2
MSCI Pacific
3.2 -0.1 6.0 9.3 5.9
High-Yield Bond
0.8 4.0 7.5 12.9 7.2
Inflation-Protected Bond
1.8 4.6 2.7 4.9 4.2
Intermediate-Term Bond
1.1 3.9 3.9 6.3 4.5
Muni National Long
1.6 7.0 5.8 5.9 4.4
World Bond
0.9 4.2 2.7 5.6 4.9
BarCap US Agg Bond TR USD 1.1 3.9 3.6 5.0 5.0
BofAML US HY Master II TR 1.0 4.7 8.6 14.5 9.0
BarCap Municipal TR USD
1.3 5.9 5.4 5.6 5.0
