12
The U.S. stock market continued to exceed all-time
highs in October despite a number of headwinds,
including weaker-than-expected job growth reports
and the U.S. government shutting down during the
first half of the month. Although the shutdown sent
markets lower for a while, they rebounded. The
S
&
P
500
Index gained
4
.
6%
, while the Russell
2000
Index returned
2
.
5%
by the end of the month.
Large-cap consumer defensive stocks posted solid
gains in October.
Vanguard Consumer Staples
Index
VCSAX
returned
6
.
0%
during the period, driven
by gains from
Procter & Gamble
PG
and drug-
store operators such as
Walgreen
WAG
and
CVS
Caremark
CVS
. Financials were also strong per-
formers.
Fairholme
FAIRX
, which holds roughly three
fourths of its assets in financials—including a
40%
allocation to insurer
American International Group
AIG
—beat nearly all large-blend peers with its
5
.
4%
return during the month.
Developed and emerging markets also rose in October,
albeit at a slower pace than domestic large caps.
The
MSCI
EAFE
Index returned
3
.
4%
by month-end,
while the
MSCI
Emerging Markets Index rose
4
.
9%
.
European stocks fared better than most.
T. Rowe
Price Overseas Stock
TROSX
, which has roughly
60%
of its assets allocated to developed European
stocks, outpaced most foreign large-blend peers in
October with a
3
.
8%
gain. Beleaguered India equity
funds were among the biggest winners, rallying for
a second straight month and posting an
10
.
6%
return,
on average, in October.
Taxable bonds outperformed municipal bonds this
month. The intermediate-term bond category
gained
1
.
0%
compared with
0
.
7%
for intermediate-
term municipal bonds.
Loomis Sayles Invest-
ment Grade Bond
LSIIX
topped nearly all peers
with a
1
.
9%
return.
œ
Total Return
%
Through
A N N U A L I Z E D
10-31-13
1Mo YTD 3Yr
5Yr
10Yr
Benchmark Performance
Green October
Market Overview
|
Flynn Murphy
Large Growth
4.0 26.2 14.8 15.5 6.6
Large Blend
4.1 24.6 14.6 14.2 6.7
Large Value
4.0 24.8 14.8 13.6 6.8
Mid-Cap Growth
2.9 28.0 15.2 17.5 8.1
Mid-Cap Blend
3.5 27.7 15.7 17.6 8.7
Mid-Cap Value
3.9 28.6 16.1 17.7 9.1
Small Growth
2.1 33.0 17.4 18.3 7.9
Small Blend
3.3 30.1 16.9 17.4 8.7
Small Value
3.2 28.7 16.7 16.9 9.1
Aggressive Allocation
3.3 17.1 10.3 12.7 6.5
Conservative Allocation
1.9 6.0 6.1 9.2 4.8
Moderate Allocation
2.7 13.2 9.3 11.3 5.9
Communications
5.3 21.2 11.3 17.4 7.8
Financials
4.1 27.6 13.1 10.9 3.1
Global Real Estate
2.3 5.4 8.0 13.2 8.5
Health
1.2 38.8 23.4 18.9 10.4
Natural Resources
3.3 7.3 2.6 8.3 9.9
Precious Metals
-0.2 -40.9 -22.2 7.1 3.5
Real Estate
3.8 5.8 11.1 14.7 8.9
Technology
2.1 25.9 11.8 18.5 7.0
Utilities
3.9 17.5 12.4 12.2 10.2
S&P 500
4.6 25.3 16.6 15.2 7.5
S&P MidCap 400
3.7 27.8 17.6 19.6 10.4
Russell 2000
2.5 30.9 17.7 17.0 9.0
Diversified Asia/Pac. Stock
3.2 11.8 5.3 12.8 7.8
Diversified Emerg. Mkts.
4.2 0.9 -0.2 14.1 11.1
Europe Stock
3.8 20.0 7.9 13.3 8.3
Foreign Large Blend
3.2 16.2 7.0 11.4 7.1
Foreign Large Growth
2.7 14.5 7.2 13.3 7.6
Foreign Large Value
3.6 18.3 7.1 11.1 7.1
Foreign Small/Mid Growth
3.0 22.8 10.4 18.4 10.8
Foreign Small/Mid Value
3.6 21.8 9.2 16.4 8.7
World Stock
3.5 20.2 10.1 13.6 7.5
MSCI EAFE
3.4 20.1 8.4 12.0 7.7
MSCI World
3.9 21.9 11.9 13.3 7.4
MSCI Emerging Markets
4.8 -2.0 -2.2 12.6 9.7
MSCI Europe
4.3 21.1 8.7 12.2 8.2
MSCI Latin America
4.6 -9.1 -8.6 9.7 13.6
MSCI Pacific
1.6 18.4 8.1 12.0 6.8
High-Yield Bond
2.2 5.9 8.0 14.8 7.0
Inflation-Protected Bond
0.5 -5.9 2.4 6.5 4.2
Intermediate-Term Bond
1.7 -0.8 5.2 11.3 5.7
Muni National Long
0.8 -4.0 3.3 6.4 3.8
World Bond
1.2 -2.1 2.0 7.1 4.9
BarCap US Agg Bond TR USD 0.8 -1.1 3.0 6.1 4.8
BofAML US HY Master II TR 2.5 6.3 8.9 18.0 8.8
BarCap Municipal TR USD
0.8 -2.1 3.6 6.4 4.5
