44
Morningstar
Analyst Rating
Morningstar
Rating
Total Return %
12-31-13
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)
— 6.9 6.9 8.0 15.9 6.8 — — — — — — 6.6 (2)
—
Fairholme Focused Income FOCIX
´ [QQQQ
29.9 29.9 10.7
— — 1 1 3 — — — 14.12 (10)
High
Fidelity Capital & Income FAGIX
„ QQQQQ
9.7 9.7 7.8
20.4 9.1
10 10 62 2 1 4.1 8.30 (0)
High
Fidelity High Income SPHIX
Œ QQQQ
6.7 6.7 8.2 16.9 7.9 48 48 42 37 21 4.5 6.93 (2)
Avg
Janus High-Yield T JAHYX
´ QQQQ
7.3 7.3 8.2 15.6 7.7 32 32 45 63 28 5.1 6.40 (3)
Avg
Metropolitan West High Yield Bond M MWHYX
„ QQQ
6.8 6.8
7.0
16.6 7.9 44 44 86 42 24 5.5 6.79 (0)
Avg
PIMCO High Yield D PHYDX
´ QQQ
5.4 5.4 7.6 15.3 7.1 78 78 68 71 54 3.7 6.52 (3)
Avg
T. Rowe Price High-Yield PRHYX
„ QQQQ
9.1 9.1 9.1 17.2 8.0 14 14 16 30 18 5.0 7.14 (1)
+Avg
Vanguard High-Yield Corporate Inv VWEHX
´ QQQ
4.5 4.5
8.6
14.9 6.9
92 92 28 78 66 4.4 5.91 (9)
-Avg
Specialty Bond
— 3.3 3.3 4.6 10.3 5.1 — — — — — — — (4.6)
—
American Funds Capital World Bond A CWBFX
— IB
QQQ
-2.9 -2.9 2.7 4.9 4.8 49 49 53 56 43 2.0 5.26 (32)
Avg
Calamos Convertible A CCVIX
ˇ
CV
QQ
20.4 20.4
6.9 12.6 5.9 74 74 87 86 71 — 9.46 (87)
Avg
Eaton Vance Floating Rate A EVBLX
Œ
BL
QQQ
4.5 4.5 4.9 13.0 4.1 74 74 68 47 48 3.4 3.35 (1)
-Avg
Fidelity Floating Rate High Income FFRHX
´
BL
QQQ
3.9 3.9 4.1 9.4 4.5 93 93 91 94 25 2.6 3.27 (0)
-Avg
Fidelity New Markets Income FNMIX
„
EB
QQQQ
-6.4 -6.4 6.6 14.2
8.9
33 33 2 10 16 5.1 7.63 (23)
-Avg
Fidelity Strategic Income FSICX
„
MU
QQQQ
0.4 0.4 5.2 11.0 6.8 57 57 56 51 21 3.6 4.61 (21)
Avg
FPA New Income FPNIX
„
NT
QQ
0.7 0.7 1.7
2.2 3.0
50 50 67 90 100 3.4 0.64 (43)
Low
Loomis Sayles Bond Retail LSBRX
Œ
MU
QQQQ
5.5 5.5 7.8 14.2 7.7 16 16 18 19 8 3.3 6.80 (7)
+Avg
Loomis Sayles Global Bond Retail LSGLX
„
IB
QQQ
-3.0 -3.0 2.7 7.4 4.7 52 52 54 35 50 1.8 6.01 (20)
Avg
PIMCO Emerging Local Bond Instl PELBX
Œ
EB
QQ
-11.0 -11.0 0.8
8.8 — 88 88 81 75 — 4.7 12.78 (13)
+Avg
PIMCO Foreign Bond (Unhedged) D PFBDX
„
IB
QQQQ
-6.0 -6.0 2.6 7.9 — 85 85 56 28 — 1.6 6.82 (31)
+Avg
PIMCO Foreign Bond (USD-Hedged) D PFODX
„
IB
QQQQ
0.5 0.5 5.8 8.8 5.8 16 16 6 15 12 1.4 3.29 (49)
-Avg
PIMCO Income D PONDX
„
MU
QQQQ
4.6 4.6
10.6
14.0 — 20 20 2 23 — 3.8 4.38 (17)
Avg
PIMCO Unconstrained Bond D PUBDX
´
NT
QQ
-2.6 -2.6 2.0 4.7 — 85 85 56 69 — 0.9 2.31 (23)
-Avg
T. Rowe Price International Bond RPIBX
Ø
IB
QQ
-3.8 -3.8 1.6 3.6 3.9 67 67 76 79 70 1.8 6.83 (19)
+Avg
T. Rowe Price Spectrum Income RPSIX
„
MU
QQQ
3.0 3.0 5.7 9.3 6.0 31 31 40 77 51 3.0 4.75 (12)
Avg
Templeton Global Bond A TPINX
Œ
IB
QQQQ
2.2 2.2 4.9 9.1 8.7
4 4 13 12 1 2.3 9.19 (3)
High
Vanguard Convertible Securities Inv VCVSX
Œ
CV
QQQQ
19.2 19.2 8.4
16.4
7.9 81 81 64 42 9 2.2 9.79 (89)
Avg
Municipal Bond National
— -3.2 -3.2 4.0 6.0 3.1 — — — — — — 4.1 (85)
—
American Century IntermTrm Tx-Fr Bd Inv TWTIX
´
MI
QQQ
-2.3 -2.3 3.9 4.9 3.7 52 52 51 58 35 1.9 3.52 (97)
Avg
American Funds Tax-Exempt Bond A AFTEX
ˇ
MI
QQQQ
-2.7 -2.7 5.3 6.6 3.9 66 66 8 13 15 2.7 4.25 (98)
+Avg
Baird Intermediate Muni Bd Inst BMBIX
— MI
QQQ
-1.2 -1.2 3.4 3.8 3.8 15 15 72 89 26 2.0 3.14 (90)
-Avg
Fidelity Intermediate Municipal Income FLTMX
Œ
MI
QQQQ
-1.5 -1.5 3.7 4.5 3.8 23 23 61 73 28 2.1 2.94 (98)
-Avg
Fidelity Municipal Income FHIGX
Œ
ML
QQQQ
-2.9 -2.9 5.0 6.1 4.2
7 7 42 58 15 3.2 4.24 (99)
Low
Fidelity Municipal Income 2015 FMLCX
— MS NR
0.9 0.9
— — — 8 8 — — — 0.3 — (—)
Fidelity Tax-Free Bond FTABX
Œ
ML
QQQQ
-2.8 -2.8 5.2 6.2 4.4
7 7 30 55 6 3.3 4.30 (99)
-Avg
Fidelity® Limited Term Municipal Income FSTFX
Œ
MS
QQQQ
0.1 0.1 2.2 2.9 2.8 55 55 30 35 22 0.9 1.42 (83)
Avg
Franklin Federal Tax-Free Income A FKTIX
— ML
QQQQ
-4.5 -4.5 5.3 6.5 4.2 60 60 27 48 13 3.3 4.91 (98)
Avg
Franklin High Yield Tax-Free Inc A FRHIX
— HM
QQQ
-6.7 -6.7
5.2 8.9 4.4 71 71 65 78 14 4.3 5.74 (93)
Avg
T. Rowe Price Tax-Free High Yield PRFHX
Œ
HM
QQQQ
-4.5 -4.5
6.4 10.5 4.5
15 15 21 26 11 4.6 5.38 (85)
Avg
T. Rowe Price Tax-Free Income Inv PRTAX
— ML
QQQQ
-3.4 -3.4 5.0 6.4 4.1 17 17 48 50 20 3.2 4.61 (97)
Avg
T. Rowe Price Tax-Free Shrt-Interm PRFSX
— MS
QQQQ
0.5 0.5 2.4 3.3 2.9 24 24 26 22 17 0.7 1.59 (78)
+Avg
USAA Tax Exempt Intermediate-Term USATX
— MI
QQQQQ
-1.0 -1.0 5.3 7.3 4.2 12 12 7 7 3 2.8 3.51 (98)
Avg
Vanguard High-Yield Tax-Exempt VWAHX
„
MI
QQQQQ
-3.2 -3.2 5.5 7.7 4.3 80 80 4 5 2 3.8 4.56 (97)
High
Vanguard Interm-Term Tx-Ex Inv VWITX
„
MI
QQQQ
-1.6 -1.6 4.5 5.1 3.9 27 27 27 46 20 2.4 3.67 (98)
Avg
Vanguard Long-Term Tax-Exempt VWLTX
„
ML
QQQQ
-3.0 -3.0 5.1 6.1 4.0 10 10 39 58 26 3.5 4.50 (99)
-Avg
Vanguard Ltd-Term Tx-Ex VMLTX
„
MS
QQQ
0.5 0.5 2.0 2.7 2.7 27 27 39 44 27 0.8 1.27 (78)
Avg
Vanguard Short-Term Tx-Ex VWSTX
„
MS
QQ
0.5 0.5
1.0 1.4 2.1
32 32 78 88 66 0.3 0.44 (71)
-Avg
Wells Fargo Advantage S/T Muni Bd Inv STSMX
´
MS
[QQQQ
0.7 0.7 2.1 3.8 3.1 14 14 37 14 12 0.7 0.67 (56)
-Avg
Morningstar 500
Bond Funds
BofAML US HY Master II TR
7.4 7.4 9.0 18.7 8.5
BarCap Municipal TR USD
-2.6 -2.6 4.8 5.9 4.3
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