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The Bond Fund Categories
The best returns came from funds that track the stock market the
most--convertibles and high-yield bonds. International funds did well, too,
thanks to lower rates and higher prices for emerging market debt.
AVERAGE ANNUAL TOTAL RETURN*
1996 1994-96 1992-96
CATEGORY (%) (%) (%) 1996'S BEST PERFORMER
CONVERTIBLES 14.5 10.6 13.3 Pacific Horizon Captl. Inc. A
HIGH YIELD 14.1 8.6 12.6 Strong High-Yield Bond
INTERNATIONAL 12.8 6.1 6.8 Fidelity New Markets Income
MULTISECTOR 9.8 6.7 8.8 EV Marathon Strategic Income
ULTRASHORT (GEN.) 5.7 4.3 4.8 Piper Adj. Rate Mortgage Secs.
SHORT (GEN.) 5.0 4.8 5.2 Alliance S/T Multi-Market A
SHORT GOVERNMENT 4.3 4.6 5.1 Federated ARMS Instl.
MUNI SHORT 4.1 4.0 4.8 Strong Municipal Advantage
MUNI S.S. INTERM. 4.0 4.5 6.4 Vanguard CA Tax-Free Ins.Interm.
MUNI NATL. INTERM. 3.8 4.3 6.1 Limited Term Tax-Ex. Bd. Amer.
INTERMEDIATE (GEN.) 3.7 5.6 7.4 SunAmerica Diversified Inc. B
MUNI NATL. LONG 3.7 4.4 6.8 United Municipal High-Inc. A
MUNI S.S. LONG 3.7 4.3 6.8 Franklin CA High Yld. Muni I
LONG (GEN.) 3.3 6.2 8.0 Loomis Sayles Bond
INTERM. GOVT. 3.0 4.8 5.8 Lexington GNMA Income
LONG GOVERNMENT -1.9 5.4 8.3 Hancock Sovereign U.S. Gov. A
ALL BOND FUNDS 5.4 5.2 7.2
TAXABLE FUNDS 6.5 5.9 7.6
TAX-FREE FUNDS 3.7 4.3 6.7
*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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