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The Bond Fund A-List
These 83 funds stand out among all bond funds in the BUSINESS WEEK Mutual Fund
Scoreboard. They earned As, meaning they achieved superior risk-adjusted
returns over the past five years.
Average
Annual
Total INVESTMENT
Return* CATEGORY
FUND:
AIM HIGH-YIELD A 12.1 High Yield
AIM TAX-FREE INTERMEDIATE 5.7 Muni. Short
AMERICAN CENT.-BEN. CA. MUNI. HY 8.2 Muni. S-S Long
AMERICAN CENT.-BEN. CA T/F LIM.** 4.5 Muni. Short
AMERICAN HIGH-INCOME 11.3 High Yield
CALVERT TAX-FR.RES.LIMITED-TERM A 4.0 Muni. Short
COLONIAL HIGH-YIELD MUNI. B** 6.6 Muni. Natl. Long
COLONIAL HIGH-YIELD SECS. A 12.2 High Yield
COLORADO BONDSHARES** 8.3 Muni. S-S Interm.
DAVIS CONVERTIBLE SECS. A 18.2 Convertibles
DAVIS TAX-FREE HIGH INCOME B 6.2 Muni. Short
DELAWARE NATL. HI-YLD. MUNI. A** 7.8 Muni. Natl. Interm.
DREYFUS SHORT-INTRM. MUNI. 4.5 Muni. Short
DUPREE KY. TAX-FREE SHORT-MED.** 4.4 Muni. Short
EATON VANCE INCOME OF BOSTON 12.2 High Yield
ENTERPRISE HIGH-YIELD BOND A 11.8 High Yield
EV MARATHON HIGH-INCOME 11.4 High Yield
EVERGREEN FL. HIGH-INC. MUNI. A** 8.8 Muni. S-S Long
EXCELSIOR SHORT-TM. T/E SECS. 4.1 Muni. Short
EXECUTIVE INVESTORS HI-YIELD** 11.5 High Yield
FBL HIGH-YIELD BOND** 8.9 High Yield
FEDERATED HIGH-YIELD 11.8 High Yield
FEDERATED SH-TRM. MUNI. INST. 4.1 Muni. Short
FIDELITY ADV. HI-YIELD T 13.4 High Yield
FIDELITY CAPITAL & INCOME 12.2 High Yield
FIDELITY SPARTAN HIGH-INCOME 14.7 High Yield
FIDELITY SPARTAN SH.-INT. MUNI. 4.9 Muni. Short
FIRST INVEST. FUND FOR INCOME A 12.3 High Yield
FIRST INVEST. HIGH-YIELD A 11.8 High Yield
FORUM TAXSAVER BOND** 6.8 Muni. Natl. Interm.
FRANKLIN AGE HIGH INCOME I 12.0 High Yield
FRANKLIN FED INT-TRM. T/F INCOME** 7.1 Muni. Natl. Interm.
FRANKLIN FED TAX-FREE INCOME I 7.1 Muni. Natl. Long
FRANKLIN HIGH YIELD T/F INCOME I 8.6 Muni. Natl. Long
FRANKLIN PA TAX-FREE INCOME I 7.1 Muni. S-S Long
FRANKLIN TX TAX-FREE INCOME I** 7.1 Muni. S-S Long
HANCOCK HIGH-YIELD BOND B 11.9 High Yield
INVESCO HIGH-YIELD 11.6 High Yield
KEMPER HIGH-YIELD A 11.9 High Yield
KEY SBSF CONVERTIBLE SECS. 14.2 Convertibles
LIMITED TERM NY MUNICIPAL A 6.4 Muni. Short
MAINSTAY HI-YIELD CORP. BOND B 13.8 High Yield
MERRILL LYNCH CORP. HI.-INC. B 10.3 High Yield
MERRILL LYNCH MUNI. LTD. MAT. B** 3.6 Muni. Short
MFS HIGH-INCOME A 11.6 High Yield
NICHOLAS INCOME 10.7 High Yield
NORTHEAST INVESTORS 15.2 High Yield
NORTHSTAR HIGH-YIELD T 10.9 High Yield
NUVEEN MUNICIPAL BOND R 6.9 Muni. Natl. Long
OPPENHEIMER CHAMPION INCOME A 12.0 High Yield
OPPENHEIMER HIGH-YIELD A 11.6 High Yield
T.ROWE PRICE TAX-FREE HIGH-YIELD 7.8 Muni. Natl. Long
T.ROWE PRICE TAX-FREE SHORT-INTER. 4.8 Muni. Short
PRUDENTIAL CA. MUNI. CA. INCOME A 8.5 Muni. S-S Long
PUTNAM HIGH YIELD A 11.5 High Yield
SAFECO HIGH-YIELD NO LOAD** 10.5 High Yield
SELIGMAN HIGH-YIELD BOND A 13.7 High Yield
SELIGMAN MUNICIPAL CA. H/Y A** 7.0 Muni. S-S Interm.
SIT TAX-FREE INCOME 7.5 Muni. Short
SMITH BARNEY HIGH-INCOME B 10.9 High Yield
SMITH BARNEY MUNI. LTD. TERM A 6.1 Muni. Natl. Interm.
STATE ST. RESEARCH HIGH-INC. A 12.5 High Yield
STEIN ROE HIGH-YIELD MUNIS 7.3 Muni. Natl. Long
STI CLASSIC INV. GR. T/E INV.** 8.0 Muni. Natl. Interm.
STRONG ADVANTAGE 6.5 Ultrashort
THORNBURG INTERM. MUNI A 6.8 Muni. Natl. Interm.
THORNBURG LTD-TERM CA. A* 5.2 Muni. Short
THORNBURG LTD.-TERM NATL. A 5.3 Muni. Short
U.S. GLOBAL INV. NEAR-TRM. T/F 5.4 Muni. Short
UNITED HIGH-INCOME A 11.3 High Yield
UNITED HIGH-INCOME II A 11.2 High Yield
UNITED MUNICIPAL HIGH-INC. A 8.9 Muni. Natl. Long
USAA TAX-EXEMPT INTERM.-TERM 7.1 Muni. Natl. Interm.
USAA TAX-EXEMPT SHORT-TERM 4.9 Muni. Short
VALUE LINE AGGRESSIVE INCOME 13.3 High Yield
VAN KAMPEN AM CAP HI-INC. A 11.4 High Yield
VAN KAMPEN AM. CAP. HI-YIELD A 10.8 High Yield
VAN KAMP. AM. CAP. HI-YLD MUNI. A 8.1 Muni. Natl. Interm.
VANGUARD F/I HIGH-YIELD CORP. 11.2 High Yield
VANGUARD MUNI. INTERM.-TERM 6.7 Muni. Natl. Interm.
VANGUARD MUNI. LIMITED-TERM 4.8 Muni. Short
VANGUARD MUNI. SHORT-TERM 3.8 Muni. Short
WARBURG PINCUS NY INT. MUNI.** 5.8 Muni. Short
*1993-97 pretax returns, includes appreciation plus reinvestment of dividends
and capital gains
**For more data, see Business Week Online
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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