Table 1. Emerging Markets Stock and Bond Funds
Fund (Ticker) Annual Total Return (%) Yield
(%)
Total
Risk
Index
Expense
Ratio
(%)
Country
Allocation
YTD 2003 2002 2001 2000 1999 5 Yr
Regional Stock Funds
Fidelity Latin America (FLATX) 5.8 65.7 -20.8 -6.0 -17.4 54.9 9.5 1.5 1.78 1.31 Brazil, 49%; Mexico, 44%; Chile, 2%
Matthews Korea (MAKOX)* 7.4 33.2 8.1 71.0 -52.8 108.0 19.3 0 2.06 1.72 S. Korea, 100%
Scudder Latin Amer/S (SLAFX)** 6.0 54.8 -18.2 -0.8 -15.6 47.1 9.2 1.7 1.59 1.91 Brazil, 50%; Mexico, 45%; Chile, 2%
T. Rowe Price Latin Amer (PRLAX) 6.7 57.9 -18.1 -0.2 -11.1 59.3 12.7 1.3 1.72 1.53 Mexico, 46%; Brazil, 46%; Peru, 2%
T. Rowe Price New Asia (PRASX) 7.4 53.5 -9.3 -10.0 -30.7 99.8 11.6 0.7 1.47 1.17 S. Korea, 25%; Taiwan, 17%; Hong Kong, 15%
Diversified Stock Funds
Cr Suisse Emg Mkts/Cmn (WPEMX) 8.5 44.7 -13.6 -10.2 -32.9 85.3 6.8 0 1.36 1.65 U.K., 11%; Japan, 10%, S. Korea, 9%
Fidelity Emerging Market (FEMKX) 7.6 48.8 -6.9 -2.4 -32.9 70.4 9 1.0 1.40 1.36 S. Korea, 23%; Taiwan, 13%; Brazil, 8%
Scudder Emg Mkts Gr/S (SEMGX)** 8.6 56.5 -5.4 -6.2 -29.9 38.0 6 0.4 1.39 1.91 S. Korea, 20%, Taiwan, 14%; Mexico, 9%
SSgA Emerging Markets (SSEMX) 8.1 53.9 -5.0 0.4 -29.9 64.8 11.1 2.0 1.39 1.25 S. Korea, 21%; Brazil, 14%; Taiwan, 12%
T. Rowe Price Emg Mkt Stk (PRMSX) 8.1 52.2 -4.9 -5.6 -26.3 87.4 13.5 0.5 1.46 1.51 S. Korea, 19%; Taiwan, 14%; India, 9%
USAA Inv: Emerging Mrkts (USEMX) 7.5 53.0 -5.0 -5.7 -31.9 52.4 7.2 0 1.33 2.33 S. Korea, 16%; S. Africa, 11%; Taiwan, 11%
Vanguard Em Mkt Stk (VEIEX) 7.4 57.6 -7.4 -2.8 -27.5 61.5 10.6 1.4 1.47 0.57 S. Korea, 21%; Taiwan, 14%, Mexico, 8%
Bond Funds
Fidelity New Markets Inc (FNMIX) 0.7 31.5 13.8 7.9 14.3 36.7 20.3 5.6 0.72 1 Brazil, 25%; Russia, 15%; Mexico, 11%
Scudder Emg Mkts Inc./S (SCEMX)** 0.6 30.3 13.7 10.4 10.0 23.7 17.3 5.7 0.73 1.66 Russia, 27%, Brazil, 21%; Venezuela, 8%
T. Rowe Price Emg Mkt Bd (PREMX) 1.4 26.0 9.5 9.3 15.1 22.9 16.4 6.1 0.65 1.14 Brazil, 17%; Russia, 17%; Mexico, 15%
Index Benchmarks
MSCI EAFE 3.7 39.1 -15.6 -21.2 -13.9 27.2 0.2   1.12  
S&P 500 3.2 28.6 -22.0 -11.8 -9.0 21.0 -0.5   1.13  
Lehman Brothers Long Government 3.8 2.6 16.9 4.3 20.2 -8.2 6.5   0.67  

*country fund
**closed to new investors

Country allocations:
Top three countries by percentage of all holdings

Benchmark definitions:MCSI EAFE: Morgan Stanley Capital International’s Europe, Australasia, Far East index, which is designed to measure developed market equity performance.S&P 500: Index of large-cap U.S. equities that includes a representative sample of 500 leading companies in leading industries of the U.S. economy.Lehman Brothers Long Government: Index of Treasury and agency securities with an average maturity of 20 years.

Sources: AAII’s Quarterly Low-Load Mutual Fund Update and Morningstar.com. Data through year-end 2003.