254 / 772
12
The party continued in May for U.S. stocks, which
rose by
1%
. Markets were heartened by solid jobs
numbers and generally modest inflation readings.
These results came even as investors continued to
worry about a possible Fed rate increase and lack-
luster economic activity around the world. U.S. crude
oil prices ended May at about
$60
a barrel, which
was up slightly from the previous month. Meanwhile,
U.S. bond prices were up slightly in May.
The top-performing sector was health care, which
surged more than
5%
for the month in a rebound
after the sector took something of a breather in April.
That was good news for
Vanguard Health Care
VGHCX
, which has a Morningstar Analyst Rating of
Gold; it rose more than
3
.
38%
in May. The information
technology sector also enjoyed a rebound, returning
more than
2
.
4%
in May. Energy stocks lost
5%
.
During the month, foreign stocks registered divergent
performance. In developed foreign markets, stocks
were up slightly, while in emerging markets, stocks
were down after an incredible rally during April. The
MSCI
Emerging Markets Index slid
4%
to a eight-
week low. Driving emerging-markets stocks down
were Chinese brokerages tightening margin lending,
higher-than-expected inflation in Brazil, and solid U.S.
economic reports, which have resulted in higher bond
yields and a stronger dollar. This emerging-markets
weakness weighed on funds like Bronze-rated
Vanguard Emerging Markets Stock Index
VEIEX
and Silver-rated
Harding Loevner Emerging
Markets
HLEMX
. Among emerging markets, stocks
from Brazil were hardest hit.
The U.S. bond market declined very slightly in May,
as yields on the benchmark
10
-year Treasury were
flat, and other government-bond yields were up by
minimal amounts. The Barclays U.S. Aggregate
Bond Index was down slightly for the month.
K
Total Return
%
Through
A N N U A L I Z E D
05-29-15
1Mo YTD 3Yr
5Yr
10Yr
Benchmark Performance
Stocks Move Higher
Market Overview
|
Robert Goldsborough
Large Growth
1.7 5.2 18.9 15.9 8.5
Large Blend
1.3 3.1 18.7 15.0 7.5
Large Value
0.9 2.2 18.2 14.3 6.9
Mid-Cap Growth
1.9 6.4 18.6 15.6 9.2
Mid-Cap Blend
1.3 4.2 19.1 14.9 8.4
Mid-Cap Value
1.2 3.6 19.8 14.9 8.5
Small Growth
2.7 6.0 18.8 15.8 9.2
Small Blend
1.3 3.1 18.0 14.2 8.2
Small Value
0.7 1.9 17.5 13.0 7.9
Aggressive Allocation
0.5 3.9 13.9 11.3 6.3
Conservative Allocation
0.0 2.1 7.1 7.1 5.0
Moderate Allocation
0.5 3.0 11.7 10.2 6.2
Communications
0.5 6.1 15.2 12.7 6.1
Financial
1.2 3.1 19.1 11.2 3.2
Global Real Estate
-1.5 2.6 12.9 11.4 5.3
Health
6.8 15.2 33.6 25.6 13.9
Natural Resources
-3.3 2.0 3.1 3.6 5.6
Equity Precious Metals
-1.7 3.4 -19.7 -14.5 2.4
Real Estate
-0.2 -1.2 11.6 13.4 7.3
Technology
3.5 7.3 20.3 15.6 9.8
Utilities
0.1 -1.5 13.3 13.3 8.4
S&P 500
1.3 3.3 19.6 16.5 8.1
S&P MidCap 400
1.8 5.6 19.9 16.5 10.1
Russell 2000
2.2 3.9 19.5 15.0 8.7
Diversified Pacific/Asia
-0.5 11.5 14.7 9.5 7.2
Diversified Emerging Mkts
-2.7 4.2 5.9 3.9 7.8
Europe Stock
0.9 9.6 16.6 11.4 6.8
Foreign Large Blend
0.1 8.9 14.0 9.2 5.6
Foreign Large Growth
0.5 9.2 13.9 10.3 6.4
Foreign Large Value
-0.5 8.4 14.1 8.8 4.6
Foreign Small/Mid Growth
0.8 10.5 16.0 13.1 8.6
Foreign Small/Mid Value
0.3 10.9 15.9 10.4 6.5
World Stock
0.6 5.7 15.8 12.1 7.0
MSCI World
0.3 5.1 17.1 12.8 6.7
MSCI Emerging Markets
-4.1 4.7 5.1 3.5 7.9
MSCI EAFE
0.2 9.5 15.4 10.0 5.5
MSCI Europe
-0.8 7.1 16.5 10.5 5.5
MSCI Latin America
-7.3 -8.5 -9.7 -7.9 4.9
MSCI Pacific
0.0 11.5 14.2 9.0 5.8
High Yield Bond
0.3 3.8 7.2 8.1 6.9
Inflation-Protected Bond
-0.8 1.0 -1.1 2.8 3.4
Intermediate-Term Bond
-0.2 1.1 2.8 4.2 4.4
Muni National Long
-0.3 0.1 3.2 4.7 4.0
World Bond
-1.4 -1.3 1.5 3.4 4.0
BarCap US Agg Bond TR USD -0.4 0.7 2.1 3.7 4.4
BofAML US HY Master II TR 0.3 4.1 8.1 9.0 8.1
BarCap Municipal TR USD -0.3 0.2 3.1 4.5 4.5