Morningstar Fund Family Reports

Strategies and Principles to Help You Navigate Market Fluctuations
Chances are your retirement accounts consists of funds within American, Fidelity and Vanguard funds. That's where Morningstar comes in. Our three quarterly reports provide independent analysis and guidance on each fund family, to help keep you up-to-date on what's happening and tell you what it really means.

Our top analysts, Kevin McDevitt on American, Christopher Davis on Fidelity, and Dan Culloton on Vanguard know these fund families inside and out, and have the experience and knowledge to help you separate the important news from the noise.

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What You'll Get American Fidelity Vanguard

Quarterly Issues
Drawing on Morningstar's staff of more than 25 mutual fund analysts and 100 equity analysts, each quarterly issue of our three Fund Family Reports includes:

In-depth analysis and opinions on the fund family of your choice, as well as specific funds. Our lead analysts typically discuss a half dozen or more funds in each quarterly report.

Morningstar's top recommendations. If you want to improve your returns within one of these families, you can't find a better place to begin your search.

Fund Family Online
Access our Fund Family report companion Web site, where you can download the current issue, access an archive of past issues and keep tabs on the latest fund family news.

Featured Funds
This is the gold standard in fund research. Every quarter, our experts include at least two full-page reports in each issue.

Morningstar's current list of funds to avoid. As the market has taught us, things can quickly change. Today's powerhouse funds can easily turn into tomorrow's dogs. Our independent, unbiased research gives you an edge on change, and guidance on where to go next within each fund family.

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What You'll Get American Fidelity Vanguard

Kevin McDevitt, Equities Strategist, Editor, Morningstar American

About the Editor
Kevin McDevitt is an editorial director for Morningstar's Fund Research group. He covers funds from the BlackRock, American, Templeton, and PIMCO fund families, among others, primarily in international equity and fixed income asset classes. McDevitt holds a bachelor's degree in finance from the College of William & Mary and a master's degree in business administration from Washington University. He also holds the Chartered Financial Analyst (CFA) designation.

About American
This newsletter keeps you up to date on the latest developments at American Funds. Each quarter, it delivers analysis and insights from experienced, trusted sources straight to your inbox. It features in-depth articles on a variety of topics, including where the best long-term opportunities lie within the fund family, suggested portfolios, and assessments from editor Kevin McDevitt of how well American serves its investors.

Quarterly Issues
Morningstar has unprecedented access to American's fund managers and behind-the-scenes information, so we can give you a more informed look than anyone else in the industry. Here's what you'll find within each quarterly issue:

Morningstar's top recommendations and analysis of specific American funds. How they're doing, how we expect them to do, and what could affect our forecasts. Editor, Kevin McDevitt typically discusses a half dozen or more funds in each quarterly report. If you want to improve your returns, you can't find a better place to begin your search.

Featured Funds. This is the gold standard in fund research. Every quarter, we include at least two full-page reports in each issue.

Morningstar's current list of funds to avoid. As the market has taught us, things can quickly change--today's powerhouse funds can easily turn into tomorrow's dogs. Our independent, unbiased research gives you an edge on change, and guidance on where to go next in this family.

American Fund Family Report Online
Access to our American Fund Family Report companion Web site, where you can download the current issue early, access an archive of past issues, and keep tabs on the latest news at American Funds.

E-mail alerts
Stay abreast of the latest changes at American Funds between each quarterly issue. Editor, Kevin McDevitt will e-mail you his opinions about events and/or changes related to funds within the American family, as well as his thoughts on the market.

What You'll Get American Fidelity Vanguard

Christopher Davis, Equities Strategist, Editor, Morningstar Fidelity

About the Editor
Christopher Davis is a senior mutual fund analyst for Morningstar, covering the Fidelity, Baron, Columbia Acorn, and First Pacific Advisors fund families. He edits the quarterly newsletter, Morningstar Fidelity Fund Family Report. Davis also specializes in dividend-focused, tax-managed, health care, and behavioral finance funds. He joined Morningstar in 1999 as a data analyst. Davis holds a bachelor's degree in economics and political science from the University of Illinois at Urbana-Champaign.

About Fidelity
Not many people are invited to walk around the Fidelity offices, get to know their fund managers, and then print what they really think. That's an advantage only Morningstar can offer. And you'll find its value played out in every issue of our Morningstar Fidelity Fund Family Report.

This newsletter keeps you up to date on the latest developments at Fidelity Funds. Each quarter, it delivers analysis and insights from experienced, trusted sources straight to your inbox. It features in-depth articles on a variety of topics, including where the best long-term opportunities lie within the fund family, suggested portfolios, and assessments from editor, Christopher Davis of how well Fidelity serves its investors.

Quarterly Issues
You'll see that there is no better place to find objective, independent information about funds you're considering, as well as the investments you've already made. Here's what you'll find within each quarterly issue:

Featured Funds. This is the gold standard in fund research. Every quarter, we include at least two full-page reports in each issue.

In-depth analysis. Research on Fidelity funds in general, as well as a handful of specific funds that are appealing, undergoing change, or suggest caution.

Our top recommendations. Analyst recommendations for the quarter, as well as our updated list of funds you may want to avoid.

Editors' answers. Direct answers to subscriber questions.

Free Investing Reports. The Best of Fidelity’s Brokerage Platform and What Every Fidelity Investor Should Know.

Fidelity Fund Family Report Online
Access to our Fidelity Fund Family Report companion Web site, where you can download the current issue early, access an archive of past issues, and keep tabs on the latest news at Fidelity Funds.

E-mail alerts
Stay abreast of the latest changes at Fidelity Funds between each quarterly issue. Editor, Christopher Davis will e-mail you his opinions about events and/or changes related to funds within the Fidelity family, as well as his thoughts on the market.

What You'll Get American Fidelity Vanguard

Dan Culloton, Equities Strategist, Editor, Morningstar Vanguard Fund Family

About the Editor
Dan Culloton is an associate director fund analysis for Morningstar and editor of the Vanguard Fund Family Report quarterly online newsletter. He covers the Vanguard, Dodge & Cox, and Davis Selected Advisor fund families. He edited the first Morningstar ETFs 150 reference guide for ETFs. Before joining the company in 1999, he was a business writer for The Daily Herald and was a recipient of the Chicago Headline Club's Peter Lisagor Award in 1998. Culloton holds a bachelor's degree in English and journalism from Marquette University and a master's degree in public affairs reporting from the University of Illinois at Springfield.

About Vanguard
This newsletter keeps you up to date on the latest developments at Vanguard by delivering analysis and insights from experienced, trusted sources straight to your inbox. It features in-depth articles on a variety of topics, including where the best long-term opportunities lie within the fund family, suggested portfolios, and editor Dan Culloton’s assessment of how well Vanguard serves its investors.

We don't shy away from taking on the big questions, such as the potential effects of Vanguard’s remarkable asset growth in recent years. You'll also get a list of Dan’s favorite Vanguard funds, as well as the few he thinks you should avoid at this generally strong shop.

Quarterly Issues
Morningstar has unprecedented access to Vanguard’s fund managers and behind-the-scenes information, so we can give you a more informed look than anyone else in the industry. Here's what you'll find within each quarterly issue:

Featured Funds. This is the gold standard in fund research. Every quarter, we include at least two full-page reports in each issue.

In-depth analysis.Unparalleled research and analysis of specific Vanguard funds—including valuable Morningstar Ratings™—so you can check up on your holdings and look for new opportunities.

Our top recommendations. Analyst recommendations for the quarter, as well as our updated list of funds you may want to avoid.

Comprehensive quarter-end data. Useful and timely data to help you track your investments.

Editors' answers. Our analysts' thoughts on managers, funds, and what's happening at Vanguard.

Free Investing Reports. How to Pick Actively Managed Funds Like an Indexer

Fidelity Fund Family Report Online
Access to our Vanguard Fund Family Report companion Web site, where you can download the current issue early, access an archive of past issues, and keep tabs on the latest news at Vanguard Funds.

E-mail alerts
Stay abreast of the latest changes at Vanguard Funds between each quarterly issue. Editor, Dan Culloton will e-mail you his opinions about events and/or changes related to funds within the Vanguard family.