12
Progress from Washington, D.C., on the fiscal cliff
and the debt ceiling boosted markets in January. The
S
&
P
500
gained
5
.
18%
by month-end, while small
caps did even better, with a
6
.
26%
showing from the
Russell
2000
.
All domestic-stock sectors made gains this month, but
financial-services, health-care, and consumer cycli-
cal stocks did particularly well. The financial-services
stock fund, health-care stock fund, and consumer
cyclical stock fund categories gained
6
.
55%
,
7
.
60%
,
and
5
.
99%
by month-end, respectively—roughly
one fourth to one third of the categories’entire growth
in all of
2012
.
Davis Financial
RPFGX
gained
5
.
85%
for the month, landing around the middle of its cate-
gory, while
T. Rowe Price Health Sciences
PRHSX
beat out most of its peers with an
7
.
71%
climb.
Vanguard Health Care
VGHCX
lagged its category
with a
6
.
50%
return, partially driven by an under-
weighting to biotechnology firms.
Developed markets dramatically outpaced emerging
markets in January. The
MSCI
EAFE
Index gained
5
.
29%
for the month, compared with a modest
1
.
39%
return from the
MSCI
Emerging Markets Index.
The
MSCI
Europe Index performed well with a
5
.
87%
return. Europe-stock funds gained
4
.
58%
on aver-
age for the month.
Mutual European
TEMIX
landed
in the bottom of its category with a
3
.
86%
return.
Municipal bonds beat out taxable bonds this month,
though not by much. The intermediate-term muni-
bond fund category gained
0
.
32%
by month-end, com-
pared with a
0
.
34%
loss for the taxable intermediate-
term bond category.
PIMCO Total Return
PTTRX
lost
0
.
28%
. High-yield bonds and high-yield muni
bonds did relatively well with
1
.
31%
and
0
.
99%
gains
for the categories, respectively. Long government-
bond funds constituted the worst-performing bond
fund category for the month, with a
3
.
71%
loss.
œ
Total Return
%
Through
A N N U A L I Z E D
01-31-13
1Mo YTD 3Yr
5Yr
10Yr
Benchmark Performance
A Strong Start in January
Market Overview
|
Kailin Liu
Large Growth
4.8 4.8 12.6 3.5 7.1
Large Blend
5.4 5.4 12.2 3.0 7.1
Large Value
5.9 5.9 12.1 2.2 7.2
Mid-Cap Growth
6.2 6.2 14.9 4.4 9.2
Mid-Cap Blend
6.5 6.5 14.5 5.1 9.7
Mid-Cap Value
6.7 6.7 14.4 5.2 9.8
Small Growth
6.1 6.1 15.4 5.1 9.3
Small Blend
6.2 6.2 15.1 5.7 10.1
Small Value
6.3 6.3 15.0 6.4 10.4
Aggressive Allocation
4.0 4.0 10.1 3.0 7.3
Conservative Allocation
1.7 1.7 7.8 4.3 5.3
Moderate Allocation
3.1 3.1 9.4 3.5 6.5
Communications
3.6 3.6 13.8 1.9 9.3
Financials
6.6 6.6 8.4 -2.4 3.9
Global Real Estate
2.8 2.8 14.6 1.2 11.2
Health
7.6 7.6 15.0 8.6 10.0
Natural Resources
4.1 4.1 5.7 -1.9 11.5
Precious Metals
-7.6 -7.6 2.4 -1.1 11.8
Real Estate
3.2 3.2 20.3 4.9 11.5
Technology
4.0 4.0 12.1 5.9 9.4
Utilities
4.5 4.5 12.3 2.3 10.8
S&P 500
5.2 5.2 14.1 4.0 7.9
S&P MidCap 400
7.2 7.2 17.6 8.0 11.6
Russell 2000
6.3 6.3 16.0 6.3 10.7
Diversified Asia/Pac. Stock
2.5 2.5 7.0 -0.2 10.2
Diversified Emerg. Mkts.
1.6 1.6 6.7 0.1 15.2
Europe Stock
4.6 4.6 7.1 -1.4 9.6
Foreign Large Blend
3.8 3.8 7.1 -1.3 8.5
Foreign Large Growth
3.5 3.5 8.6 -0.1 9.2
Foreign Large Value
4.2 4.2 5.9 -1.6 8.6
Foreign Small/Mid Growth
3.5 3.5 10.8 2.1 13.3
Foreign Small/Mid Value
4.6 4.6 9.1 1.2 10.9
World Stock
4.6 4.6 9.6 1.2 8.8
MSCI EAFE
5.3 5.3 6.9 -0.8 9.2
MSCI World
5.1 5.1 10.3 1.4 8.4
MSCI Emerging Markets
1.3 1.3 4.6 -0.4 13.9
MSCI Europe
5.9 5.9 7.4 -1.1 9.5
MSCI Latin America
3.7 3.7 1.7 -0.9 20.1
MSCI Pacific
4.3 4.3 6.5 0.1 8.7
High-Yield Bond
1.3 1.3 10.5 8.1 8.3
Inflation-Protected Bond
0.0 0.0 0.0 0.0 0.0
Intermediate-Term Bond
-0.5 -0.5 6.9 4.8 5.4
Muni National Long
0.7 0.7 7.0 5.4 4.6
World Bond
-0.4 -0.4 5.6 5.1 5.8
BarCap US Agg Bond TR USD -0.7 -0.7 5.4 5.5 5.1
BofAML US HY Master II TR 1.4 1.4 11.6 10.6 10.2
BarCap Municipal TR USD
0.4 0.4 6.5 5.7 5.2
