(PUB) Morningstar FundInvestor

44

Historical Performance

Historical Risk

Morningstar Rating vs.Category 5  Best

Total Return % 12-31-13

Total Return % Category Rank

30- Day Yld %

Stand- ard Devia- tion

Risk Relative to Category

Morningstar 500 Bond Funds

Morningstar Analyst Rating

1  Best, 100  Worst

A N N U A L I Z E D

YTD 1 Yr

3 Yr

5 Yr 10 Yr YTD 1 Yr 3 Yr 5 Yr 10 Yr

(R²)

High-Yield Bond (cont’d)

— 6.9 6.9 8.0 15.9 6.8 — — — — — — 6.6 (2) —

29.9 29.9 10.7

´ [QQQQ „ QQQQQ Œ QQQQ ´ QQQQ „ QQQ ´ QQQ „ QQQQ ´ QQQ

Fairholme Focused Income FOCIX Fidelity Capital & Income FAGIX

— — 1 1 3 — — — 14.12 (10)

High High

9.7 9.7 7.8 20.4 9.1

10 10 62 2 1 4.1 8.30 (0)

Fidelity High Income SPHIX Janus High-Yield T JAHYX

6.7 6.7 8.2 16.9 7.9 48 48 42 37 21 4.5 6.93 (2) 7.3 7.3 8.2 15.6 7.7 32 32 45 63 28 5.1 6.40 (3)

Avg Avg Avg

7.0 16.6 7.9 44 44 86 42 24 5.5 6.79 (0)

Metropolitan West High Yield Bond M MWHYX

6.8 6.8

PIMCO High Yield D PHYDX T. Rowe Price High-Yield PRHYX

5.4 5.4 7.6 15.3 7.1 78 78 68 71 54 3.7 6.52 (3) 9.1 9.1 9.1 17.2 8.0 14 14 16 30 18 5.0 7.14 (1)

Avg

+Avg -Avg

4.5 4.5

8.6 14.9 6.9

Vanguard High-Yield Corporate Inv VWEHX

92 92 28 78 66 4.4 5.91 (9)

Specialty Bond

— 3.3 3.3 4.6 10.3 5.1 — — — — — — — (4.6) —

QQQ

American Funds Capital World Bond A CWBFX

— IB

-2.9 -2.9 2.7 4.9 4.8 49 49 53 56 43 2.0 5.26 (32)

Avg Avg

20.4 20.4

ˇ

QQ

Calamos Convertible A CCVIX

CV BL BL EB

6.9 12.6 5.9 74 74 87 86 71 — 9.46 (87)

Œ

QQQ QQQ

Eaton Vance Floating Rate A EVBLX Fidelity Floating Rate High Income FFRHX Fidelity New Markets Income FNMIX

4.5 4.5 4.9 13.0 4.1 74 74 68 47 48 3.4 3.35 (1) 3.9 3.9 4.1 9.4 4.5 93 93 91 94 25 2.6 3.27 (0)

-Avg -Avg -Avg Avg Low +Avg

´ „ „ „ Œ „ Œ „ „ „ ´

8.9

QQQQ QQQQ

-6.4 -6.4 6.6 14.2

33 33 2 10 16 5.1 7.63 (23)

Fidelity Strategic Income FSICX

MU

0.4 0.4 5.2 11.0 6.8 57 57 56 51 21 3.6 4.61 (21)

2.2 3.0

QQ

FPA New Income FPNIX

NT

0.7 0.7 1.7

50 50 67 90 100 3.4 0.64 (43)

QQQQ

Loomis Sayles Bond Retail LSBRX

MU

5.5 5.5 7.8 14.2 7.7 16 16 18 19 8 3.3 6.80 (7) -3.0 -3.0 2.7 7.4 4.7 52 52 54 35 50 1.8 6.01 (20)

QQQ

Loomis Sayles Global Bond Retail LSGLX PIMCO Emerging Local Bond Instl PELBX PIMCO Foreign Bond (Unhedged) D PFBDX PIMCO Foreign Bond (USD-Hedged) D PFODX PIMCO Unconstrained Bond D PUBDX T. Rowe Price International Bond RPIBX T. Rowe Price Spectrum Income RPSIX Templeton Global Bond A TPINX Vanguard Convertible Securities Inv VCVSX American Century IntermTrm Tx-Fr Bd Inv TWTIX American Funds Tax-Exempt Bond A AFTEX Baird Intermediate Muni Bd Inst BMBIX Fidelity Intermediate Municipal Income FLTMX Fidelity® Limited Term Municipal Income FSTFX Franklin Federal Tax-Free Income A FKTIX Franklin High Yield Tax-Free Inc A FRHIX T. Rowe Price Tax-Free High Yield PRFHX T. Rowe Price Tax-Free Income Inv PRTAX T. Rowe Price Tax-Free Shrt-Interm PRFSX USAA Tax Exempt Intermediate-Term USATX Vanguard High-Yield Tax-Exempt VWAHX Vanguard Interm-Term Tx-Ex Inv VWITX Vanguard Long-Term Tax-Exempt VWLTX PIMCO Income D PONDX Municipal Bond National Fidelity Municipal Income FHIGX Fidelity Municipal Income 2015 FMLCX Fidelity Tax-Free Bond FTABX

IB

Avg

-11.0 -11.0 0.8

QQ

EB

8.8 — 88 88 81 75 — 4.7 12.78 (13)

+Avg

QQQQ QQQQ QQQQ

IB IB

-6.0 -6.0 2.6 7.9 — 85 85 56 28 — 1.6 6.82 (31) 0.5 0.5 5.8 8.8 5.8 16 16 6 15 12 1.4 3.29 (49) 10.6 14.0 — 20 20 2 23 — 3.8 4.38 (17) -2.6 -2.6 2.0 4.7 — 85 85 56 69 — 0.9 2.31 (23) -3.8 -3.8 1.6 3.6 3.9 67 67 76 79 70 1.8 6.83 (19) 4.6 4.6

+Avg -Avg

MU

Avg

QQ QQ

NT

-Avg +Avg

Ø IB

„ Œ Œ

QQQ

MU

3.0 3.0 5.7 9.3 6.0 31 31 40 77 51 3.0 4.75 (12)

Avg

QQQQ QQQQ

IB

2.2 2.2 4.9 9.1 8.7

4 4 13 12 1 2.3 9.19 (3) 7.9 81 81 64 42 9 2.2 9.79 (89)

High

19.2 19.2 8.4 16.4

CV

Avg

— -3.2 -3.2 4.0 6.0 3.1 — — — — — — 4.1 (85) —

´ ˇ

QQQ

MI MI

-2.3 -2.3 3.9 4.9 3.7 52 52 51 58 35 1.9 3.52 (97) -2.7 -2.7 5.3 6.6 3.9 66 66 8 13 15 2.7 4.25 (98) -1.2 -1.2 3.4 3.8 3.8 15 15 72 89 26 2.0 3.14 (90) -1.5 -1.5 3.7 4.5 3.8 23 23 61 73 28 2.1 2.94 (98)

Avg

QQQQ

+Avg -Avg -Avg

QQQ

— MI

Œ Œ

QQQQ QQQQ

MI ML

-2.9 -2.9 5.0 6.1 4.2

7 7 42 58 15 3.2 4.24 (99)

Low

0.9 0.9

— MS NR

— — — 8 8 — — — 0.3 — (—)

Œ Œ

QQQQ QQQQ QQQQ QQQQ QQQQ QQQQ QQQ

ML MS

-2.8 -2.8 5.2 6.2 4.4

7 7 30 55 6 3.3 4.30 (99)

-Avg

0.1 0.1 2.2 2.9 2.8 55 55 30 35 22 0.9 1.42 (83) -4.5 -4.5 5.3 6.5 4.2 60 60 27 48 13 3.3 4.91 (98)

Avg Avg Avg Avg Avg

— ML — HM

-6.7 -6.7

5.2 8.9 4.4 71 71 65 78 14 4.3 5.74 (93)

6.4 10.5 4.5

Œ

HM

-4.5 -4.5

15 15 21 26 11 4.6 5.38 (85)

— ML — MS — MI

-3.4 -3.4 5.0 6.4 4.1 17 17 48 50 20 3.2 4.61 (97) 0.5 0.5 2.4 3.3 2.9 24 24 26 22 17 0.7 1.59 (78) -1.0 -1.0 5.3 7.3 4.2 12 12 7 7 3 2.8 3.51 (98) -3.2 -3.2 5.5 7.7 4.3 80 80 4 5 2 3.8 4.56 (97) -1.6 -1.6 4.5 5.1 3.9 27 27 27 46 20 2.4 3.67 (98) -3.0 -3.0 5.1 6.1 4.0 10 10 39 58 26 3.5 4.50 (99) 0.5 0.5 2.0 2.7 2.7 27 27 39 44 27 0.8 1.27 (78)

+Avg

QQQQQ QQQQQ

Avg

„ „ „ „ „ ´

MI

High

QQQQ QQQQ

MI ML MS MS

Avg

-Avg

QQQ

Vanguard Ltd-Term Tx-Ex VMLTX Vanguard Short-Term Tx-Ex VWSTX

Avg

1.0 1.4 2.1

QQ

0.5 0.5

32 32 78 88 66 0.3 0.44 (71)

-Avg -Avg

MS [QQQQ

Wells Fargo Advantage S/T Muni Bd Inv STSMX

0.7 0.7 2.1 3.8 3.1 14 14 37 14 12 0.7 0.67 (56)

BofAML US HY Master II TR BarCap Municipal TR USD

7.4 7.4 9.0 18.7 8.5 -2.6 -2.6 4.8 5.9 4.3

Legend

Categories

BL Bank Loan CI Intermediate-Term Bond CV Convertibles Bond EB Emerging Market Bond

HM High-Yield Muni IB World Bond MI Muni National, Intermediate ML Muni National, Long

MS Muni National, Short MU Multisector Bond NT Nontraditional Bond

Red  Lowest return in group Green  Highest return in group Italic  Extended performance

E  New this month ][  Increase/decrease in rating NR  No Morningstar Rating; fund less than three years old.