8 The Allocation Category Group / Equity Active Versus Passive Fund Flows Morningstar / U.S. Mutual Funds / Bond Ultrashort Bond Muni National Long Emerging / Long/Short Equity Europe Stock Energy Limited Partnership Global / T. Rowe Price / Mil Active Funds Passive Funds Morningstar / Franklin Templeton Investments / BlackRock / Mil PIMCO Total Return Fund / Vanguard Total Bond Market II Index Fund / Dodge & Cox Income Fund / Muni Single State Long Trading / Barclays / Morningstar Category Group / S&P / Dodge & Cox International Stock Fund / PIMCO (All Funds) (26.4) (49.4) (12.8) (88.6) PIMCO / Morningstar Inc. / Morningstar DirectSM U.S. / Mil Active Funds Passive Funds / Fidelity Investments / Vanguard Five Hundred Index Fund / ExchangeTraded Products Alina Tarlea / /
Country
Japan / United States / /
Currency
USD / / /
Facility
BlackRock Strategic Income Opps Port / /
IndustryTerm
low oil prices / bank-loan funds / /
MarketIndex
S&P 500 / /
Organization
PIMCO Low Duration Fund / American Funds BlackRock/iShares PIMCO JPMorgan Dimensional Fund / Ivy Asset Strategy Fund / MainStay Marketfield Fund / Total Return Bond Fund / PIMCO Short Term Fund / Vanguard Total Intl Stock Idx Fund / /
Person
Bill Gross / / /
Position
SPDR State Street Global Advisors / Advisors / Manager Research / Morningstar Manager Research / Manager Research 12 December / representative / /
? Morningstar DirectSM U.S. Asset Flows Update Morningstar Manager Research 12 December 2014 Data through Nov. 30