EUROPE

BEST OVERALL EUROPE FUND

T. Rowe Price European Stk (PRESX)

A FAVORITE BECAUSE: PRESX is cheap for a low minimum, actively managed foreign fund and has a decent yield for a mutual fund considering there is a 1% expense ratio cutting into your dividends. It also has a small asset level for T. Rowe at under a billion. Tax loss carryforward means tax efficiency for the next few years - needed because the manager trades fairly frequently.

WE DON'T LIKE: Like many T. Rowe funds, a bit like buying an index fund with a value slant, or an index with the most over-valued stocks removed. Few big stock or sector bets to go right (or wrong).

Named Favorite: 11/09
Return While Favorite: 64.85%
VS. S&P While Favorite: -35.92%
MAXrating: 54
Outlook: 10%
Expense Ratio: 0.96%

EUROPE SPECIAL CRITERIA WINNERS

BEST OPEN-END EUROPE FUND

T. Rowe Price European Stk (PRESX)

Named Favorite: 11/09
Return While Favorite: 64.85%
VS. S&P While Favorite: -35.92%
MAXrating: 54
Outlook: 10%
Expense Ratio: 0.96%

BEST EUROPE ETF

Vanguard European ETF (VGK)

Named Favorite: 11/09
Return While Favorite: 43.81%
VS. S&P While Favorite: -56.96%
MAXrating: NA
Outlook: NA
Expense Ratio: NA

BEST LOW MINIMUM EUROPE FUND

California Inv Tr-Euro Gr&Inc Fd (EUGIX)

Named Favorite: 11/09
Return While Favorite: 23.28%
VS. S&P While Favorite: -77.49%
MAXrating: 62
Outlook: 9%
Expense Ratio: 1.00%

BEST NTF EUROPE FUND

Royce Euro Smaller Company Fd Ser (RISCX)

Named Favorite: 11/09
Return While Favorite: 58.27%
VS. S&P While Favorite: -42.50%
MAXrating:
Outlook: %
Expense Ratio: %

EUROPE PREVIOUS FAVORITES

Fund Name/Ticker: Added Removed Return Vs. S&P
Fidelity European Cap Apprec (FECAX) 09/0111/0981.71%68.31%
Vanguard European Stock Index Inv (VEURX) 09/0211/09109.01%66.34%
T. Rowe Price European Stk (PRESX) 09/0102/0668.38%36.19%
MainStay ICAP International Fd Inst (ICEUX) 09/0105/0557.08%35.71%

EUROPE TRANSACTIONS

11/09 - Added California Inv Tr-Euro Gr&Inc Fd (EUGIX). Added as Best Europe Low Minimum Fund.

11/09 - Added Royce Euro Smaller Company Fd Ser (RISCX). Added as Best Europe No-Transaction Fee Fund.

11/09 - Added Vanguard European ETF (VGK). Added as Best Europe Exchange Trade Fund.

11/09 - Removed Fidelity European Cap Apprec (FECAX). Reason for removal: Better option in special criteria sub-category.

02/06 - Removed T. Rowe Price European Stk (PRESX). 14,15

05/05 - Removed MainStay ICAP International Fd Inst (ICEUX). Reason for removal: Investment strategy/style change.