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The Top Performers
These funds stand out among all bond funds in the BUSINESS WEEK Mutual Fund
Scoreboard. They earned three upward-pointing arrows, meaning they achieved
superior risk-adjusted total returns over the last five years.
AVERAGE
ANNUAL INVESTMENT
FUND TOTAL CATEGORY
RETURN*
AIM HIGH-YIELD A 13.3% High Yield
CALVERT T/F RES. LTD.-TRM. A 4.2 Muni Short
COLONIAL HIGH-YIELD SECS. A 13.8 High Yield
DEAN WITTER HIGH-YIELD SECS. 15.0 High Yield
DREYFUS SHORT-INTRM. MUNI. BD. 4.8 Muni Short
EATON VANCE INCOME OF BOSTON 12.6 High Yield
FEDERATED HIGH-INCOME BOND A 12.9 High Yield
FEDERATED HIGH-YIELD 12.1 High Yield
FEDERATED SH.-TRM. MUNI. INST. 4.3 Muni Short
FIDELITY ADV. HIGH-YIELD T 14.6 High Yield
FIDELITY CAPITAL & INCOME 14.7 High Yield
FIDELITY SPARTAN HIGH-INCOME 15.6 High Yield
FIDELITY SPARTAN SHORT-INT. MUNI. 5.1 Muni Short
FIRST INVESTORS FUND FOR INCOME A 13.1 High Yield
FIRST INVESTORS HIGH-YIELD A 13.2 High Yield
FLAGSHIP LTD.-TERM TAX-EXEMPT A 6.0 Muni Natl. Interm.
FRANKLIN AGE HIGH INCOME I 12.9 High Yield
FRANKLIN HIGH YIELD T/F INC. I 8.2 Muni Natl. Long
KEMPER HIGH-YIELD A 13.0 High Yield
LIMITED TERM NY MUNICIPAL A 6.9 Muni. Single-State Interm.
LOOMIS SAYLES BOND 14.3 Long (General)
MAINSTAY HI-YIELD CORP. BOND B 15.8 High Yield
MERRILL LYNCH CORP. HI-INC. B 12.0% High Yield
NORTHEAST INVESTORS 15.9 High Yield
NORTHSTAR HIGH-YIELD T 14.1 High Yield
NUVEEN MUNICIPAL BOND R 6.8 Muni. National Long
OPPENHEIMER BOND FOR GROWTH M 16.8 Convertibles
OPPENHEIMER CHAMPION INCOME A 12.9 High Yield
T. ROWE PRICE T/F HIGH-YIELD 7.7 Muni. National Long
T. ROWE PRICE T/F SH.-INTM. 4.9 Muni. Short
PUTNAM CONVERT. INCOME-GROWTH A 15.2 Convertibles
SELIGMAN HIGH-YIELD BOND A 14.9 High Yield
SIT TAX-FREE INCOME 7.1 Muni. National Long
SMITH BARNEY MUNI. LTD. TERM A 6.1 Muni. National Interm.
STATE ST. RESEARCH HIGH-INC. A 13.7 High Yield
THORNBURG INTERM. MUNI. A 7.3 Muni. National Long
THORNBURG LTD.-TERM NATL. A 5.7 Muni. Short
UNITED MUNICIPAL HIGH-INC. A 8.6 Muni. National Long
USAA TAX-EXEMPT SHORT-TERM 4.9 Muni. Short
VAN KAMP. AM. CAP. HI-YLD MUN. A 7.7 Muni. National Long
VANGUARD MUNI. LIMITED-TERM 5.0 Muni. Short
VANGUARD MUNI. SHORT-TERM 4.0 Muni. Short
*1992-96 pretax returns, includes reinvestment of dividends and capital gains
DATA: MORNINGSTAR INC.
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Updated June 15, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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