  773

  (17 ),        (22 -
).  ,   15   Magellan   
     S&P 500     ,  1
,     ,     
.    ,  $10 000    Magellan, -
 28  1979 .,   15   28  1994 .  $326 290.

Performance/Risk 02/28/94Total +/- % Rank Growth of Return % S&P 500 All Obj $10,000  6.27 4.46 17 22 10,627 6 3.95 1.81 30 52 10,395 1Yr 22.77 14.45 14 11 12,277 3YrAvg 18.63 7.02 12 16 16,695 5YrAvg 18.59 4.95 6 11 23,459 10YrAvg 19.69 4.21 22 60,323 15YrAvg 26.16 10.52 1 1 326,290Risk% Rank Return Risk Morningstar All Obj 1 .OO^Equity Average Risk-Adj Rating 3Yr 61 13 1.37 0.65 **** 5Yr 63 13 1.54 0.75 ***** 10Yr 58 26 1.92 0.84 *****Average Historical Rating: 5.0 *s over 183 months	Historical ProfileReturn High Risk Below Avg Rating ***** Highest		Alpha 6.4 Beta 1.01 R 2 84	"1 3 S 3.
			StdDev 11.13 Mean 17.81 Sharpe Ratio 1.27	
	Investment StylePortfo Price/Earnings Ratio Price/Book Ratio 5Yr Earnings Gr% Return on Assets % Debt % Total Cap MedMktCap($mil)	Sto io Avg S23.9 3.6 10.9 7.4 32.0 2854		
			ck Relative & 500 Va1.14 0.98 1.17 1.02 1.09 0.22	Style ue Blend Growth	tC CII  	
				^		
						

. 22.9.      Magellan ()

:   Morningstar Mutual Funds.   1310  . Morning
Star, Inc. 225 W. Wacker Dr., Chicago IL. 60606. 312-696-6000. March 18, 1994, . 154.

22.6.2 

    / (Performance/Risk) . 22.9 -
     / (Risk % Rank),   
  (Return),   (Risk Average)   Mornings/arc
  (Morningstar Risk-Adj Rating).    , 
         . 
     ,       -
. -,     Magellan   
       .    -
      ,     .
-,           -
       . -,  -
  Magellan       . -
    1 ,      -
,     1   ,     
.   1,37   Magellan ,   
   37%   .

        
          36 ,
      .   -
   ,     36 
   ,   . ( 
  ,       (mean
shortfall);    . 7      .)