Morningstar Advisor - Spring 2007 - (Page 65)

Name Style Stwd- Morningstar Annualized Total Return % Box ship Rating Grade YTD 1Yr 3Yr 5Yr Yield % 10Yr Std Dev 3 Yr % Worst 3-Mo Ret % Exp Ratio # of TurnHold- over ings % Total Assets ($Mil) Incep Date Calamos Growth & Income A CVTRX Davis Appreciation & Income A RPFCX Eaton Vance Floating Rate A EVBLX Eaton Vance Income Fund of Boston A EVIBX Fidelity Floating Rate High Income FFRHX Fidelity New Markets Income FNMIX Fidelity Strategic Income FSICX Loomis Sayles Bond Ret LSBRX Loomis Sayles Global Bond Ret LSGLX Northeast Investors NTHEX PIMCO Emerging Markets Bond D PEMDX PIMCO Foreign Bond (Unhedged) D PFBDX PIMCO Foreign Bond (USD-Hedged) D PFODX PIMCO High Yield D PHYDX T. Rowe Price High-Yield PRHYX T. Rowe Price International Bond RPIBX T. Rowe Price Spectrum Income RPSIX Vanguard Convertible Securities VCVSX Vanguard High-Yield Corporate VWEHX Fidelity California Municipal Income FCTFX Fidelity Intermediate Municipal Income FLTMX Fidelity Municipal Income FHIGX Fidelity New York Municipal Income FTFMX Fidelity Short-Intermediate Muni Income FSTFX Fidelity Tax-Free Bond FTABX Franklin CA Tax-Free Income A FKTFX Franklin Federal Tax-Free Income A FKTIX T. Rowe Price Tax-Free High-Yield PRFHX T. Rowe Price Tax-Free Short-Interm PRFSX USAA Tax Exempt Intermediate-Term USATX USAA Tax Exempt Short-Term USSTX Vanguard CA Interm-Trm Tax-Exempt VCAIX Vanguard CA Long-Term Tax-Exempt VCITX Vanguard High-Yield Tax-Exempt VWAHX Vanguard Interm-Term Tax-Ex VWITX Vanguard Long-Term Tax-Exempt VWLTX Vanguard Ltd-Term Tax-Ex VMLTX Vanguard NY Long-Term Tax-Exempt VNYTX Vanguard Short-Term Tax-Ex VWSTX Data as of March 31, 2007 CV CV BL HB BL EB MU MU IB HB EB IB IB HB HB IB MU CV HB MX MI ML MN MS ML MX ML HM MS MI MS MC MX MI MI ML MS MN MS High Yield & Specialty Bond 2 8 3 3 X Z X X X X X X X Z X X X X Z X Z X X X X X X X X C C X X X X X X X X X X X X QQQQ QQQQ QQ QQQQ QQQ QQQ QQQQ QQQQQ QQQQ QQQ QQQ — — — 8 4 — 8 7 7 6 6 4 5 4 5 4 4 4 4 1 4 — QQQ QQQ QQQQ QQQ QQQQ QQQQ QQQ QQQQ QQQQ QQQQ QQQQ QQQ QQQQ QQQQ QQQQ QQQ QQQ QQQQQ QQQQ QQQQQ QQQQ QQQQQ QQQQ QQQQ QQQQ QQQQ QQ –0.1 2.6 1.8 2.6 1.7 2.1 1.7 1.9 1.4 4.4 2.0 1.1 0.6 2.2 3.1 1.3 1.6 2.8 2.3 0.8 0.8 0.7 0.5 0.9 0.7 1.1 0.7 1.0 0.7 0.8 0.8 0.7 0.8 0.9 0.7 0.6 0.9 0.6 0.9 3.6 7.9 12.7 10.7 6.4 5.0 10.5 8.8 6.4 5.2 10.4 11.5 8.5 6.8 10.3 8.5 8.6 3.9 12.5 9.6 10.3 10.4 7.1 — 3.6 4.2 8.8 7.9 10.5 8.3 8.4 3.2 8.8 6.0 7.2 8.3 8.9 6.6 5.1 4.6 5.3 4.9 3.7 5.5 6.0 5.4 6.6 3.7 5.1 3.8 4.9 5.7 5.9 5.1 5.6 4.0 5.6 3.6 3.9 3.1 3.9 3.6 1.9 4.0 4.9 4.4 6.2 1.9 3.8 2.3 2.9 4.2 4.7 3.1 3.8 2.0 3.7 2.2 9.3 11.1 — 10.9 — 14.5 9.9 13.5 10.6 8.8 13.9 — 4.9 9.0 9.8 10.4 8.1 10.4 7.8 5.4 4.9 5.8 5.5 3.1 6.0 5.8 5.6 6.6 3.0 5.0 3.0 4.5 5.6 5.7 4.4 5.4 3.1 5.4 2.3 13.8 8.7 — 7.5 — 12.2 — 9.6 7.3 5.8 — — — — 7.5 5.1 7.2 9.3 6.1 5.8 5.3 6.0 5.9 3.9 — 5.7 5.5 5.7 3.9 5.3 3.9 5.1 5.9 5.8 4.9 5.8 3.9 5.8 3.2 2.1 2.0 6.5 7.3 6.4 5.7 5.3 5.1 2.7 6.7 5.0 3.1 2.8 6.5 7.1 3.4 4.5 3.1 7.0 4.0 3.9 4.1 3.8 3.0 4.0 4.5 4.5 4.8 3.3 4.2 3.6 4.0 4.5 4.6 4.2 4.6 3.3 4.3 3.1 8.5 5.5 0.6 3.5 0.7 6.7 3.6 4.8 5.0 3.4 7.5 — 2.0 3.7 3.4 6.9 2.9 7.0 3.4 3.3 2.7 3.3 3.4 1.6 3.6 3.1 2.8 2.1 1.8 2.9 1.0 2.9 3.5 3.0 2.9 3.6 1.4 3.8 0.6 –10.5 –17.0 0.4 –12.8 0.3 –37.0 –6.8 –8.1 –7.1 –11.4 –14.5 –6.5 –2.8 –11.3 –7.9 –6.6 –4.5 –17.4 –6.9 –7.3 –5.7 –6.6 –7.3 –2.4 –4.0 –3.9 –4.5 –5.2 –1.9 –5.1 –1.3 –3.2 –6.1 –6.2 –3.7 –6.1 –1.6 –6.4 –0.5 1.05 1.06 1.01 1.06 0.81 0.90 0.75 1.00 1.00 1.23 1.25 0.95 0.95 0.90 0.77 0.84 0.00 0.87 0.25 0.45 0.34 0.45 0.45 0.41 0.17 0.58 0.61 0.70 0.51 0.55 0.56 0.15 0.15 0.16 0.16 0.15 0.16 0.15 0.16 124 53 842 312 427 164 1,031 398 200 127 331 680 597 518 456 174 10 100 287 434 736 932 297 441 407 901 817 490 149 566 245 565 368 496 1,241 257 742 287 427 42 25 57 71 61 103 80 26 77 16 280 480 571 105 65 121 13 138 47 19 24 25 23 28 13 9 8 20 30 22 24 7 13 15 8 8 27 9 49 6,383 674 5,135 1,910 4,710 2,288 4,496 10,737 1,511 1,450 2,476 2,329 2,544 7,427 5,201 2,262 4,477 743 9,602 1,648 2,097 4,762 1,468 1,558 543 13,964 7,379 1,603 490 2,828 1,062 3,746 2,769 5,969 15,318 2,467 6,641 2,554 4,004 09/88 05/92 05/03 06/72 09/02 05/93 05/98 12/96 12/96 08/50 03/00 04/04 04/98 04/98 12/84 09/86 06/90 06/86 12/78 07/84 04/77 12/77 07/84 12/86 04/01 02/77 10/83 03/85 12/83 03/82 03/82 03/94 04/86 12/78 09/77 09/77 08/87 04/86 09/77 Municipal Bond — — 5 1 4 2 4 4 4 4 4 1 4 1 BL CA CV DE EB ES FB FG FV FR Bank Loan Conservative Allocation Convertibles Diversified Emerging Mkts Emerging Markets Bond Europe Stock Foreign Large Blend Foreign Large Growth Foreign Large Value Foreign Small/Mid Growth FA HB PB GI CI LS GL CL Foreign Small/Mid Value High Yield Bond Inflation-Protected Bond Intermediate Government Intermediate-Term Bond Latin America Stock Long Government Long-Term Bond MU Multisector Bond MC Muni California Int/Sh MX Muni California Long MI ML Muni National Interm Muni National Long CS SC SF SH SP SR ST SU TA TB Short-Term Bond Specialty-Communications Specialty-Financial Specialty-Health Specialty-Precious Metals Specialty-Real Estate Specialty-Technology Specialty-Utilities Target-Date 2000-2014 Target-Date 2015-2029 TC UB IA IB IS Target-Date 2030+ Ultrashort Bond World Allocation World Bond World Stock Equity Style Box Val Blnd Grth Lrg Mid Sm HM High Yield Muni MS Muni National Short MN Muni New York Long MT Muni Single State Interm PJ GS Pacific/Asia ex-Japan Stk Short Government Fixed Income Style Box Sht Int Long Hi Med Lo MA Moderate Allocation MorningstarAdvisor.com 65 http://MorningstarAdvisor.com

Table of Contents Feed for the Digital Edition of Morningstar Advisor - Spring 2007

Morningstar Advisor Spring 2007 Features Departments Letter from Joe Mansueto Get to Know Morningstar’s Fund Managers of the Year Is Your Client a Stock or a Bond? Less Alpha, More Beta Than Meets the Eye Your Mileage May Vary A Clear-Eyed Look at Hedge Funds Lower Risk, Higher Returns, What’s Not to Like? Without Cash and Clout, Advisors and Clients Get Short End of Stick Get the Strategy Minus the Headaches Analyzing Funds of Hedge Funds Not All Hedge Funds Are Created Equal A Fund with a (Long) View Laying Low and Prospering A Menu of Ideas to Fill Five Market Baskets Oil and Gas Gushing with Values Mutual Fund Analyst Picks Undervalued Stocks Most Popular Variable Annuities What’s New at Morningstar and on the Web You Can’t Always Get What You Want

Morningstar Advisor - Spring 2007

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