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The Best Performers in Their Categories
Rating bond funds by category, we awarded As to these funds. They delivered
superior risk-adjusted returns when compared with their peers.
FUND AVERAGE ANNUAL
TOTAL RETURN*
SHORT (GENERAL)
DREYFUS SHORT-TERM INCOME 6.9%
HARBOR SHORT DURATION 5.4
STRONG SHORT-TERM BOND 6.6
INTERMEDIATE (GENERAL)
CITIZENS INCOME** 7.7
FEDERATED BOND F 9.6
FORUM INVESTORS BOND** 8.3
FPA NEW INCOME 8.2
STRONG CORPORATE BOND 11.3
TIP: CLOVER FIXED-INCOME** 7.9
WARBURG PINCUS FIXED-INCOME COM. 8.0
LONG (GENERAL)
FBL HIGH-GRADE BOND** 6.8
INVESCO SELECT INCOME 9.2
SHORT GOVERNMENT
FEDERATED ARMS INSTL. SVC. 4.9
MONTGOMERY SH. DUR. GOVT. R** 6.5
NEW ENGLAND ADJ. RATE U.S. GOVT. A 5.0
SIT U.S. GOVERNMENT SECS. 6.7
INTERMEDIATE GOVT.
ACCESSOR MORTGAGE SECURITIES 7.1
AMER. CENT.-BEN. GNMA INV. 6.8
CARDINAL GOVT. OBLIGATIONS 6.4
DREYFUS BASIC GNMA** 7.6
FIDELITY MORT. SECS. INIT. 7.9
LEXINGTON GNMA INCOME 7.4
SMITH BREEDEN INTERM. DUR. GOV.** 7.8
USAA GNMA 7.1
VANGUARD F/I GNMA 7.2
LONG GOVERNMENT
WASATCH-HOISINGTON U.S. TREAS.** 8.0
CONVERTIBLESS
KEY SBSF CONVERTIBLE SECS. 14.2
HIGH-YIELD
FIDELITY SPARTAN HIGH-INCOME 14.7
MAINSTAY HI-YIELD CORP. BD. B 13.8
NORTHEAST INVESTORS 15.2
MULTISECTOR
T. ROWE PRICE SPECTRUM INCOME 9.7
INTERNATIONAL
GLOBAL TOTAL RETURN A 10.3
PAYDEN & RYGEL GLOBAL F/I A 8.4
PRUDENTIAL INTL. BOND A 10.6
MUNICIPAL SHORT
DAVIS TAX-FREE HIGH INCOME B 6.2%
MUNICIPAL NATIONAL INTERM.
DELAWARE NATL. HI-YLD. MUNI. A** 7.8
STI CLASSIC INV. GR. T/E INV.** 8.0
VAN KAMPEN AM. CAP. H-Y MUNI A 8.1
MUNICIPAL NATIONAL LONG
COLONIAL HIGH-YIELD MUNI. B** 6.6
FRANKLIN FED. TAX-FREE INC. I 7.1
FRANKLIN HIGH YLD. T/F INC. I 8.6
NUVEEN MUNICIPAL BOND R 6.9
T. ROWE PRICE TAX-FR. EE HIGH-YIELD 7.8
PRUDENTIAL MUNI. HIGH-YIELD B 7.3
STEIN ROE HIGH-YIELD MUNIS 7.3
UNITED MUNICIPAL HIGH-INC. A 8.9
MUNI. SINGLE-STATE INTERM.
COLORADO BONDSHARES** 8.3
DELAWARE-VOYAGEUR T/F INT. A** 5.3
FRANKLIN CA INTERM.-TERM T/F** 7.1
IDAHO TAX-EXEMPT** 6.0
PUTNAM NY TAX EXEMPT OPPORT. A 6.9
SELIGMAN MUNICIPAL CA H/Y A** 7.0
MUNI. SINGLE-STATE LONG
AMERICAN CENT.-BEN. CA MUNI. HY 8.2
EVERGREEN FL HIGH-INC. MUNI. A** 8.8
FIDELITY SPARTAN PA. MUNI. INC. 7.3
FRANKLIN AL TAX-FREE INC. I 7.2
FRANKLIN AZ TAX-FREE INC I 6.6
FRANKLIN CA TAX-FREE INC I 6.9
FRANKLIN CO TAX-FREE INC I 7.1
FRANKLIN FL TAX-FREE INC I 7.0
FRANKLIN GA TAX-FREE INC I** 6.8
FRANKLIN IN TAX-FREE INCOME** 6.9
FRANKLIN LA TAX-FREE INC I** 6.7
FRANKLIN MA INS. T/F INC. I 6.8
FRANKLIN MO TAX-FREE INC. I 7.3
FRANKLIN NY TAX-FREE INC. I 6.9
FRANKLIN PA TAX-FREE INC. I 7.1
FRANKLIN TX TAX-FREE INC. I 7.1
FRANKLIN VA TAX-FREE INC. I 7.0
OCEAN STATE TAX-EXEMPT** 6.3
T. ROWE PRICE MD TAX-FREE** 7.1
PRUDENTIAL CA MUNI CA INC. A 8.5
SMITH BARNEY MUNI. FL A 7.7
TAX-FREE FUND OF VT 5.8
USAA VA BOND 7.3
*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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