Performance Leadership Changes Over Time

1
Performance Leadership Changes Over Time
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
UK Small US Lg Cap Europe x UK Japan Property Corp Bond Property UK Small UK Small Em Mkts UK Small
17.6 26.6 30.6 91.7 8.9 4.1 11.8 39.9 22.4 46.6 24.0
UK Mid Europe x UK US Lg Cap Asia x Jap Corp Bond Property UK Gilts Em Mkts UK Mid Japan UK Mid
17.3 25.6 23.5 75.7 7.2 3.7 6.6 38.9 17.8 40.2 19.5
UK Large UK Large UK Gilts UK Small UK Gilts UK HY Bond Corp Bond Asia x Jap Em Mkts Asia x Jap Europe x UK
14.2 20.2 16.1 75.2 6.4 1.2 6.5 32.7 14.1 33.1 18.6
Europe x UK UK Mid UK HY Bond Em Mkts UK Mid UK Gilts UK HY Bond UK Mid Europe x UK Europe x UK Em Mkts
11.8 16.9 15.1 68.7 5.1 0.3 -0.8 28.8 13.2 24.3 16.3
US Lg Cap UK HY Bond Corp Bond UK Mid UK Small Asia x Jap Em Mkts Europe x UK UK Large UK Mid UK Large
10.6 15.2 14.1 36.7 4.5 -1.7 -14.1 26.7 11.3 22.7 15.8
Corp Bond Corp Bond Property Europe x UK Europe x UK Em Mkts Asia x Jap Japan UK HY Bond UK Small Asia x Jap
5.2 12.3 12.0 25.7 2.5 -3.7 -17.0 21.7 9.6 21.3 15.4
UK HY Bond UK Gilts UK Large US Lg Cap UK HY Bond UK Mid Japan UK Large Asia x Jap UK Large Property
4.5 10.2 11.2 24.8 1.3 -11.2 -19.3 19.6 7.3 20.4 5.9
Asia x Jap UK Small UK Mid UK Large US Lg Cap US Lg Cap UK Mid US Lg Cap Property US Lg Cap UK HY Bond
2.8 9.7 7.6 22.8 -2.3 -12.4 -22.5 14.1 6.5 15.7 4.2
UK Gilts Property Japan UK HY Bond UK Large UK Small UK Large UK HY Bond Corp Bond Corp Bond Corp Bond
2.8 -2.6 5.1 -0.4 -4.1 -12.8 -22.7 14.1 5.9 7.1 -0.1
Em Mkts Em Mkts UK Small Corp Bond Em Mkts UK Large UK Small Property Japan UK HY Bond UK Gilts
0.6 -3.3 -4.6 -1.2 -24.5 -13.4 -24.7 11.4 5.5 7.0 -0.1
Property Japan Asia x Jap UK Gilts Asia x Jap Europe x UK Europe x UK Corp Bond UK Gilts UK Gilts US Lg Cap
-11.3 -18.9 -7.8 -3.1 -24.8 -20.9 -25.9 5.3 5.3 6.5 -0.5
Japan Asia x Jap Em Mkts Property Japan Japan US Lg Cap UK Gilts US Lg Cap Property Japan
-21.8 -35.1 -25.7 -7.1 -26.6 -27.6 -31.2 1.7 1.4 4.4 -10.8
Source Morningstar, Inc. proprietary data. For
illustrative purposes only.