44
Morningstar
Analyst Rating
Morningstar
Rating
Total Return %
03-31-14
Total Return %
Category Rank
30-
Day
Yld
%
Stand-
ard
Devia-
tion
(R²)
Risk
Relative
to
Category
vs.Category
5
Best
A N N U A L I Z E D
1
Best, 100
Worst
YTD 1 Yr
3 Yr
5 Yr 10 Yr YTD 1 Yr 3 Yr 5 Yr 10 Yr
Historical Performance
Historical Risk
High-Yield Bond (cont’d)
— 2.6 6.8 7.7 15.7 6.8 — — — — — — 6.5 (3)
—
Fairholme Focused Income FOCIX
´ [QQQQ
4.6 26.4 10.6
— — 1 1 2 — — — 14.37 (7)
High
Fidelity Capital & Income FAGIX
„ QQQQ
3.2 9.2 7.1
20.2 9.3
14 6 75 3 1 3.8 8.28 (0)
High
Fidelity High Income SPHIX
Œ QQQQ
2.4 6.2 7.7 16.3 8.0 76 66 54 44 18 4.2 6.88 (2)
Avg
Janus High-Yield T JAHYX
´ QQQQ
3.3 8.1 8.2 15.4 7.9
9 16 34 63 26 5.2 6.40 (3)
Avg
Metropolitan West High Yield Bond M MWHYX
„ QQQ
2.2
5.9
6.2
15.4 8.0 86 74 90 63 22 5.4 6.72 (0)
Avg
PIMCO High Yield D PHYDX
´ QQQ
2.6 5.9 7.4 15.8 7.3 60 73 65 53 52 3.6 6.50 (3)
Avg
T. Rowe Price High-Yield PRHYX
„ QQQQ
2.9 8.2 8.7 16.8 8.1 29 15 16 32 16 4.6 7.11 (2)
+Avg
Vanguard High-Yield Corporate Inv VWEHX
´ QQQ
2.7
5.5
8.3
14.5 6.9
49 82 29 79 68 4.0 5.90 (9)
-Avg
Specialty Bond
— 2.0 3.5 4.5 10.3 5.1 — — — — — — — (4.5)
—
American Funds Capital World Bond A CWBFX
— IB
QQQ
2.7 1.5 3.1 6.2 4.9 36 37 51 51 42 2.0 5.34 (31)
Avg
Calamos Convertible A CCVIX
ˇ
CV
QQ
1.7 14.7 5.6 12.4 5.6 89 85 87 85 75 — 9.68 (86)
Avg
Eaton Vance Floating Rate A EVBLX
Œ
BL
QQQ
0.5
3.1 4.3 11.1 4.1 98 82 67 41 54 3.2 3.28 (1)
-Avg
Fidelity Floating Rate High Income FFRHX
´
BL
QQQ
0.9 3.3 3.9 7.8 4.5 50 72 86 94 22 2.6 3.22 (0)
-Avg
Fidelity New Markets Income FNMIX
„
EB
QQQQ
3.6 -1.3 7.5 13.6
9.0
7 14 2 15 13 5.4 7.88 (17)
-Avg
Fidelity Strategic Income FSICX
„
MU
QQQQ
2.7 2.8 5.3 11.1 6.9 35 43 57 51 17 3.4 4.66 (21)
Avg
FPA New Income FPNIX
„
NT
QQ
0.6 0.7 1.6
2.1 3.0
72 51 67 91 100 2.67 0.64 (52)
Low
Loomis Sayles Bond Retail LSBRX
Œ
MU
QQQQ
2.9 6.2 7.6 14.9 7.8 22 14 17 18 7 2.7 6.85 (6)
+Avg
Loomis Sayles Global Bond Retail LSGLX
„
IB
QQQ
2.4 0.7 2.8 8.4 4.7 53 55 60 32 51 1.5 6.04 (20)
Avg
PIMCO Emerging Local Bond Instl PELBX
Œ
EB
QQ
1.8
-9.2 0.7
10.2 — 59 87 76 62 — 4.6 13.19 (8)
+Avg
PIMCO Foreign Bond (Unhedged) D PFBDX
„
IB
QQQQ
3.6 1.5 3.2 9.9 — 12 38 45 15 — 2.0 6.94 (28)
+Avg
PIMCO Foreign Bond (USD-Hedged) D PFODX
„
IB
]QQQQQ
2.4 1.5 6.6 9.2 5.9 48 36 4 20 11 1.9 3.27 (48)
-Avg
PIMCO Income D PONDX
„
MU
]QQQQQ
3.0 4.8
10.2
15.3 — 17 21 2 13 — 3.7 4.35 (19)
Avg
PIMCO Unconstrained Bond D PUBDX
´
NT
QQ
0.9 -2.5 1.9 4.6 — 57 83 57 65 — 0.5 2.33 (25)
-Avg
T. Rowe Price International Bond RPIBX
ˇ
IB
QQ
2.7 2.2 1.8 5.3 4.1 37 21 76 69 62 1.9 6.92 (19)
+Avg
T. Rowe Price Spectrum Income RPSIX
„
MU
QQQ
2.3 3.7 5.8 10.1 6.0 54 28 42 73 51 3.0 4.77 (11)
Avg
Templeton Global Bond A TPINX
Œ
IB
QQQQ
0.6 1.5 4.4 9.2 8.6 95 35 24 20 1 2.3 9.37 (2)
High
Vanguard Convertible Securities Inv VCVSX
Œ
CV
QQQQ
3.9 16.3
7.9
16.6
7.9 26 80 56 43 7 2.0 9.82 (87)
Avg
Municipal Bond National
— 3.0 -0.8 5.0 5.7 3.3 — — — — — — 4.0 (84)
—
American Century IntermTrm Tx-Fr Bd Inv TWTIX — MI
QQQ
2.3 -0.4 4.6 4.7 3.8 56 67 51 55 34 1.8 3.47 (97)
Avg
American Funds Tax-Exempt Bond A AFTEX
ˇ
MI
QQQQ
3.6 0.1 6.5 6.5 4.1
8 43 8 12 12 2.6 4.22 (98)
+Avg
Baird Intermediate Muni Bd Inst BMBIX
— MI
QQQ
1.7 0.2 3.7 3.7 3.8 81 36 80 86 32 1.8 3.15 (89)
-Avg
Fidelity Intermediate Municipal Income FLTMX
Œ
MI
QQQQ
2.4 0.4 4.4 4.4 3.8 45 20 59 67 32 1.8 2.97 (98)
-Avg
Fidelity Limited Term Municipal Income FSTFX
Œ
MS
QQQQ
0.8 0.6 2.4 2.6 2.8 23 22 29 31 22 0.7 1.49 (83)
Avg
Fidelity Municipal Income FHIGX
Œ
ML
QQQQ
3.7 0.4 6.2 6.0 4.3 69 10 51 54 23 2.7 4.23 (99)
-Avg
Fidelity Municipal Income 2015 FMLCX
— MS NR
0.3 0.5 — — — 67 26 — — — 0.1 — (—)
Fidelity Tax-Free Bond FTABX
Œ
ML
QQQQ
3.8 0.5 6.4 6.1 4.5 64 7 43 52 11 2.8 4.32 (99)
-Avg
Franklin Federal Tax-Free Income A FKTIX
— ML
QQQQ
4.1 -0.5 6.6 6.3 4.4 38 33 36 46 16 3.1 4.87 (98)
Avg
Franklin High Yield Tax-Free Inc A FRHIX
— HM
QQQ
5.3
-2.0
7.1 8.3 4.7 46 52 69 83 19 4.1 5.80 (93)
Avg
T. Rowe Price Tax-Free High Yield PRFHX
Œ
HM
QQQQ
5.6
-0.4
8.5 10.2 4.8
34 16 29 24 12 4.0 5.47 (87)
Avg
T. Rowe Price Tax-Free Income Inv PRTAX
— ML
QQQQ
3.9 -0.1 6.3 6.3 4.3 60 22 46 49 22 2.8 4.62 (97)
Avg
T. Rowe Price Tax-Free Shrt-Interm PRFSX
— MS
QQQQ
0.6 0.3 2.5 2.9 2.9 42 40 24 23 19 0.4 1.66 (74)
+Avg
USAA Tax Exempt Intermediate-Term USATX
— MI
QQQQQ
2.8 0.9 6.1 6.7 4.3 21 5 9 10 4 2.3 3.41 (98)
Avg
Vanguard High-Yield Tax-Exempt VWAHX
„
MI
QQQQQ
4.4 0.4 7.0 7.5 4.6
3 25 4 5 1 3.3 4.58 (97)
High
Vanguard Interm-Term Tx-Ex Inv VWITX
„
MI
QQQQ
2.6 0.7 5.2 5.0 4.0 31 8 27 39 17 2.0 3.64 (98)
Avg
Vanguard Long-Term Tax-Exempt VWLTX
„
ML
QQQQ
4.0 0.6 6.4 6.1 4.3 47 6 42 53 24 3.0 4.52 (99)
Avg
Vanguard Ltd-Term Tx-Ex VMLTX
„
MS
QQQ
0.6 0.7 2.0 2.5 2.6 35 17 42 42 27 0.7 1.34 (74)
Avg
Vanguard Short-Term Tx-Ex VWSTX
„
MS
QQ
0.3
0.5
1.0 1.2 2.1
73 28 79 86 65 0.3 0.46 (71)
-Avg
Wells Fargo Advantage S/T Muni Bd Inv STSMX
´
MS
QQQQ
0.7
0.9
2.1 3.3 3.1 32 10 41 18 11 0.6 0.68 (61)
-Avg
Morningstar 500
Bond Funds
BofAML US HY Master II TR
3.0 7.6 8.7 18.2 8.5
BarCap Municipal TR USD
3.3 0.4 5.8 5.7 4.5
Categories
Legend
E
New this month
][
Increase/decrease in rating
NR
No Morningstar Rating; fund
less than three years old.
Red
Lowest return in group
Green
Highest return in group
Italic
Extended performance
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