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Fund Buys
These bond funds have no loads and low expenses and are rated three stars or
better by Morningstar Inc. They all have initial investment
requirements of $5,000 or under.
FUNDS TOTAL RETURN* EXPENSE BUYING
5-YEAR RATIO STRATEGY
(# LONG-TERM
## INTERMEDIATE)
GENERAL
# LOOMIS SAYLES BOND 14.02% 0.75 U.S. Treasuries, New Zealand
debt
# CGM FIXED INCOME 11.82 0.85 Less than 50% in bonds
## STRONG CORPORATE 10.61 1.00 Media and cable credits
## MAS SPECIAL PURPOSE** 8.89 0.49 Yankees***, commercial
mortgages
GOVERNMENT
# VANGUARD FIXED INCOME LT TREAS 8.68 0.25 15- to 30-year Treasuries
# DREYFUS 100% US TREAS. LT 6.98 0.80 Older 30-year Treasuries
## SMITH BREEDEN INTERM DUR. GOV. 7.44 0.88 U.S. government issues
## VANGUARD FIXED INCOME GNMA 6.86 0.27 GNMAs, 11-year average life
MUNICIPAL (NATIONAL)
# EXCELSIOR LONG-TERM TAX EXEMPT 8.98 0.77 Very high-quality credits
# T. ROWE PRICE TAX-FR HI-YLD 7.64 0.79 Potential upgrade
candidates
## USAA TAX-EXEMPT INTERM-TERM 6.90 0.37 Investment grade, 5%
high-yield
## VANGUARD MUNI INTERM-TERM 6.78 0.20 High-quality 10- to 17-year
issues
*As of Sept. 30
**An institutional fund sold to retail investors through Jack White & Co. and
Charles Schwab at minimal transaction fees
***Dollar debt of foreign companies
DATA: MORNINGSTAR INC.
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Updated Oct. 23, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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