Morningstar Advisor - Spring 2008 - 86

By the Numbers: Funds Name Cat 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 Pg# Vanguard Short-Term Bond Index VBISX Vanguard Short-Term Federal VSGBX Vanguard Total Bond Market Index VBMFX Western Asset Core Bond Institutional WATFX 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 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, 2008 *Closed to new investors. Hi Yield & Specialty CS GS CI CI 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 MC MX MI MI ML MS MN MS Ç Ç È È Ê Í Î — — — Ì È — Ì É É Î Î É Ë Î Î È È É É Ç É — — Ì Ç È È Ì È È Ç È Ç X X X Z ÙÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙ — ÙÙÙ — ÙÙÙ — ÙÙÙ C C C ÙÙÙÙ ÙÙÙ ÙÙÙÙ 3.0 3.0 2.2 -2.1 -6.6 -6.3 -3.8 -2.8 0.0 0.9 -1.8 4.2 -2.8 1.4 10.7 2.5 -1.8 -4.0 8.7 0.2 -4.8 -2.4 -1.1 0.6 -1.1 -0.8 1.8 -0.9 -1.7 -1.2 -1.9 1.6 -0.2 -1.5 -1.4 0.0 -1.1 1.3 -1.2 1.4 8.8 8.9 7.7 -1.9 5.5 5.6 5.4 2.9 3.9 3.8 4.5 3.5 10.1 — 8.9 3.9 12.4 8.1 10.5 7.9 7.7 11.7 — 4.2 7.8 7.6 8.6 7.4 11.8 6.2 3.7 3.8 3.9 3.7 2.8 4.1 4.0 4.2 4.5 2.7 3.0 3.5 4.1 3.4 3.6 2.7 3.4 2.6 5.2 5.3 5.8 5.6 5.0 — 5.0 — 10.3 — 8.3 7.9 3.5 — — — — 5.3 6.4 6.2 6.9 4.4 4.8 4.7 5.0 4.9 3.9 — 4.6 4.6 4.1 3.8 4.5 4.8 4.6 4.4 4.7 3.8 4.8 3.2 4.4 4.3 4.9 5.5 2.2 7.3 8.5 6.7 6.1 5.5 6.4 5.1 8.4 5.5 2.9 3.2 7.3 8.2 3.3 4.8 3.9 7.9 4.1 3.8 4.1 3.8 3.1 4.0 4.6 4.6 5.2 3.4 4.0 4.7 4.8 4.1 4.7 3.5 4.4 3.4 1.9 1.7 2.9 3.5 6.3 3.7 4.2 3.4 5.3 2.5 4.1 4.1 4.7 5.3 7.3 2.6 4.2 4.4 6.2 2.4 7.3 4.3 4.1 2.9 3.9 4.1 1.9 4.2 4.2 3.8 4.1 2.1 3.6 4.5 4.3 3.6 4.5 1.7 4.6 0.8 -1.8 -2.4 -4.8 -6.0 -17.0 -6.3 -12.8 -3.8 -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 -4.6 -4.5 -5.2 -1.9 -3.2 -6.0 -6.2 -3.7 -6.1 -1.6 -6.4 -0.5 0.18 815 0.20 109 0.19 11,521 0.47 1,941 1.01 1.05 1.06 0.72 0.90 0.75 0.97 1.00 0.68 1.25 — 0.95 0.90 0.77 0.82 0.00 0.86 0.26 0.44 0.34 0.45 0.45 0.49 0.17 0.58 0.61 0.72 0.51 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15 66 723 290 327 153 1,272 547 285 129 406 1,016 882 508 413 213 10 125 236 501 774 1,090 283 447 554 890 835 465 152 592 399 538 1,365 283 703 314 452 79 70 54 432 23 61 84 69 65 140 20 95 46 238 621 653 75 72 78 9 138 26 23 24 22 23 23 13 8 6 25 47 11 23 22 12 13 32 10 51 6,861 2,976 57,898 6,954 829 3,387 1,690 3,019 2,127 5,172 17,173 2,440 1,540 3,069 3,075 2,574 6,975 4,997 3,106 5,220 876 8,889 1,661 2,253 5,200 1,519 1,710 897 13,569 7,503 1,348 527 4,496 2,992 6,149 17,492 2,805 7,005 2,736 4,293 03/94 12/87 12/86 09/90 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 03/94 04/86 12/78 09/77 09/77 08/87 04/86 09/77 — ÙÙÙÙÙ — ÙÙÙÙ — ÙÙÙ C C C X Z X Z X X C C X C C X C C X X X X X X X Z X Z ÙÙÙ ÙÙÙÙ ÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙ -7.8 5.7 -6.4 1.5 -4.2 4.6 -1.9 3.1 3.5 10.0 4.7 6.3 4.2 7.4 11.1 5.9 -6.7 3.8 4.6 9.7 20.5 6.6 5.5 4.1 -0.7 5.2 -3.9 4.4 18.1 6.9 4.7 5.9 2.4 9.7 -2.6 4.1 1.1 3.8 1.3 1.9 5.4 1.6 -0.5 0.8 -4.0 4.8 2.1 -0.7 -0.7 2.7 0.8 4.8 0.5 4.7 3.4 3.9 3.5 3.4 3.7 3.7 3.3 3.3 2.9 3.5 3.3 3.1 3.3 3.6 3.4 3.6 3.2 3.5 Municipal Bond 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 86 Morningstar Advisor Spring 2008

Morningstar Advisor - Spring 2008

Table of Contents for the Digital Edition of Morningstar Advisor - Spring 2008

Morningstar Advisor - Spring 2008
Contents
Letter from the Editor
Inbox
Do You Use Annuities with Living Benefit Guarantees?
Managers Who Actively Enrich Shareholders
Staying Out of the Silos
Investment Briefs
Let’s Not All Become Fundamental Indexers Just Yet
Volatility Potential
Adding the Income Dimension
Do’s and Don’ts of RMDs
An Attractive Yield is Only Skin Deep
Mutual Funds Get in the Game
Beyond Target Date
The Last Holdout
A Bird of a Different Feather
First-Class Thinker
Sleep Like a Baby
Is Health Care Immune to a Recession?
Anatomy of a Mutual Fund Disaster
Embrace Your Inner Contrarian
Risks Worth Taking
Mutual Fund Analyst Picks
Undervalued Stocks
Most Popular Variable Annuities
New at Morningstar and on MorningstarAdvisor.com
Back to the Garden
Morningstar Advisor - Spring 2008 - Intro
Morningstar Advisor - Spring 2008 - Morningstar Advisor - Spring 2008
Morningstar Advisor - Spring 2008 - Cover2
Morningstar Advisor - Spring 2008 - 1
Morningstar Advisor - Spring 2008 - 2
Morningstar Advisor - Spring 2008 - Contents
Morningstar Advisor - Spring 2008 - 4
Morningstar Advisor - Spring 2008 - 5
Morningstar Advisor - Spring 2008 - 6
Morningstar Advisor - Spring 2008 - Letter from the Editor
Morningstar Advisor - Spring 2008 - 8
Morningstar Advisor - Spring 2008 - Inbox
Morningstar Advisor - Spring 2008 - Do You Use Annuities with Living Benefit Guarantees?
Morningstar Advisor - Spring 2008 - 11
Morningstar Advisor - Spring 2008 - Managers Who Actively Enrich Shareholders
Morningstar Advisor - Spring 2008 - 13
Morningstar Advisor - Spring 2008 - 14
Morningstar Advisor - Spring 2008 - Staying Out of the Silos
Morningstar Advisor - Spring 2008 - 16
Morningstar Advisor - Spring 2008 - 17
Morningstar Advisor - Spring 2008 - Investment Briefs
Morningstar Advisor - Spring 2008 - 19
Morningstar Advisor - Spring 2008 - 20
Morningstar Advisor - Spring 2008 - 21
Morningstar Advisor - Spring 2008 - Let’s Not All Become Fundamental Indexers Just Yet
Morningstar Advisor - Spring 2008 - 23
Morningstar Advisor - Spring 2008 - 24
Morningstar Advisor - Spring 2008 - 25
Morningstar Advisor - Spring 2008 - Volatility Potential
Morningstar Advisor - Spring 2008 - 27
Morningstar Advisor - Spring 2008 - 28
Morningstar Advisor - Spring 2008 - 29
Morningstar Advisor - Spring 2008 - 30
Morningstar Advisor - Spring 2008 - 31
Morningstar Advisor - Spring 2008 - Adding the Income Dimension
Morningstar Advisor - Spring 2008 - 33
Morningstar Advisor - Spring 2008 - 34
Morningstar Advisor - Spring 2008 - 35
Morningstar Advisor - Spring 2008 - Do’s and Don’ts of RMDs
Morningstar Advisor - Spring 2008 - 37
Morningstar Advisor - Spring 2008 - 38
Morningstar Advisor - Spring 2008 - 39
Morningstar Advisor - Spring 2008 - An Attractive Yield is Only Skin Deep
Morningstar Advisor - Spring 2008 - 41
Morningstar Advisor - Spring 2008 - Mutual Funds Get in the Game
Morningstar Advisor - Spring 2008 - 43
Morningstar Advisor - Spring 2008 - 44
Morningstar Advisor - Spring 2008 - 45
Morningstar Advisor - Spring 2008 - 46
Morningstar Advisor - Spring 2008 - Beyond Target Date
Morningstar Advisor - Spring 2008 - 48
Morningstar Advisor - Spring 2008 - 49
Morningstar Advisor - Spring 2008 - 50
Morningstar Advisor - Spring 2008 - 51
Morningstar Advisor - Spring 2008 - 52
Morningstar Advisor - Spring 2008 - The Last Holdout
Morningstar Advisor - Spring 2008 - 54
Morningstar Advisor - Spring 2008 - 55
Morningstar Advisor - Spring 2008 - 56
Morningstar Advisor - Spring 2008 - 57
Morningstar Advisor - Spring 2008 - 58
Morningstar Advisor - Spring 2008 - 59
Morningstar Advisor - Spring 2008 - A Bird of a Different Feather
Morningstar Advisor - Spring 2008 - 61
Morningstar Advisor - Spring 2008 - 62
Morningstar Advisor - Spring 2008 - 63
Morningstar Advisor - Spring 2008 - First-Class Thinker
Morningstar Advisor - Spring 2008 - 65
Morningstar Advisor - Spring 2008 - 66
Morningstar Advisor - Spring 2008 - 67
Morningstar Advisor - Spring 2008 - Sleep Like a Baby
Morningstar Advisor - Spring 2008 - 69
Morningstar Advisor - Spring 2008 - 70
Morningstar Advisor - Spring 2008 - 71
Morningstar Advisor - Spring 2008 - 72
Morningstar Advisor - Spring 2008 - 73
Morningstar Advisor - Spring 2008 - Is Health Care Immune to a Recession?
Morningstar Advisor - Spring 2008 - 75
Morningstar Advisor - Spring 2008 - Anatomy of a Mutual Fund Disaster
Morningstar Advisor - Spring 2008 - 77
Morningstar Advisor - Spring 2008 - Embrace Your Inner Contrarian
Morningstar Advisor - Spring 2008 - 79
Morningstar Advisor - Spring 2008 - Risks Worth Taking
Morningstar Advisor - Spring 2008 - 81
Morningstar Advisor - Spring 2008 - 82
Morningstar Advisor - Spring 2008 - Mutual Fund Analyst Picks
Morningstar Advisor - Spring 2008 - 84
Morningstar Advisor - Spring 2008 - 85
Morningstar Advisor - Spring 2008 - 86
Morningstar Advisor - Spring 2008 - 87
Morningstar Advisor - Spring 2008 - 88
Morningstar Advisor - Spring 2008 - Undervalued Stocks
Morningstar Advisor - Spring 2008 - 90
Morningstar Advisor - Spring 2008 - 91
Morningstar Advisor - Spring 2008 - Most Popular Variable Annuities
Morningstar Advisor - Spring 2008 - 93
Morningstar Advisor - Spring 2008 - 94
Morningstar Advisor - Spring 2008 - New at Morningstar and on MorningstarAdvisor.com
Morningstar Advisor - Spring 2008 - Back to the Garden
Morningstar Advisor - Spring 2008 - Cover3
Morningstar Advisor - Spring 2008 - Cover4
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