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The Bond Fund Categories
The best returns came from funds that track the stock market--convertibles and
high-yield funds. Falling interest rates made long-term funds stand out as well.
(ANNUAL AVERAGE TOTAL RETURN*)
1997 1995-97 1993-97
CONVERTIBLES 17.0% 17.8% 12.6%
HIGH YIELD 13.2 14.4 11.4
LONG GOVERNMENT 13.1 12.1 8.4
LONG-TERM (CORP.) 10.4 11.3 7.9
MUNI. NATL. LONG 9.3 9.9 6.9
MUNI. S.S. LONG 8.9 9.7 6.8
INTERMEDIATE (GEN.) 8.7 9.7 7.0
INTERM. GOVT. 8.4 9.2 6.2
MULTISECTOR 8.4 11.5 8.5
MUNI. NATL. INTERM. 7.7 8.3 6.2
MUNI. S-S INTERM. 7.4 8.3 6.2
SHORT-TERM (GEN.) 6.6 7.4 5.5
SHORT GOVERNMENT 6.5 7.2 5.0
ULTRASHORT (GEN.) 5.5 5.8 4.7
MUNI. SHORT 5.3 5.8 5.0
INTERNATIONAL BOND 2.7 9.9 6.2
ALL BOND FUNDS 8.3 9.4 6.8
TAXABLE BOND FUNDS 8.3 9.8 7.1
TAX-FREE BOND FUNDS 8.3 9.1 6.6
*Pretax returns, appreciation plus reinvestment of dividends and capital gains
DATA: MORNINGSTAR INC.
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Updated Jan. 29, 1998 by bwwebmaster
Copyright 1998, by The McGraw-Hill Companies Inc. All rights reserved.
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