Morningstar Advisor - August/September 2010 - 71

Name

Cat

Style Stwd- Morningstar Box ship Rating Grade

Annualized Total Return % YTD 1Yr 3Yr 5Yr 10Yr

Yield %

Std Dev 3 Yr %

Worst 3-Mo Ret %

Exp Ratio

# of TurnHold- over ings %

Total Assets ($Mil)

Incep Date

Vanguard Long-Term Investment-Grade VWESX Vanguard Long-Term Treasury Investor VUSTX Vanguard Short-Term Bond Index VBISX Vanguard Short-Term Federal VSGBX Vanguard Total Bond Market Index VBMFX Calamos Convertible A CCVIX Eaton Vance Floating Rate A EVBLX Eaton Vance Income Fund of Boston A EVIBX Fidelity Floating Rate High Income FFRHX Fidelity High Income SPHIX Fidelity New Markets Income FNMIX Fidelity Strategic Income FSICX Loomis Sayles Bond Retail LSBRX Loomis Sayles Global Bond Retail LSGLX 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 Templeton Global Bond A TPINX 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 Franklin High Yield Tax-Free Inc A FRHIX T. Rowe Price Tax-Free High-Yield PRFHX T. Rowe Price Tax-Free Shrt-Interm PRFSX Vanguard CA Interm-Term Tax-Exempt VCAIX Vanguard CA Long-Term Tax-Exempt VCITX Vanguard High-Yield Tax-Exempt VWAHX Vanguard Interm-Term Tx-Ex VWITX Vanguard Long-Term Tax-Exempt VWLTX Vanguard Ltd-Term Tx-Ex VMLTX Vanguard NY Long-Term Tax-Exempt VNYTX Vanguard Short-Term Tx-Ex VWSTX Data as of June 30, 2010 *Closed to new investors.
BL CA BB SC CV DE EB SE ES SF FB Bank Loan Conservative Allocation Commodities Broad Basket Communications Convertibles Diversified Emerging Mkts Emerging Markets Bond Equity Energy Europe Stock Financial Foreign Large Blend FG FV FR FA GR SH HB PB GI CI Hi Yield & Specialty

CL GL CS GS CI CV BL HB BL HB EB MU MU IB EB IB IB HB HB IB MU IB CV HB MX MI ML MN MS ML MX ML HM HM MS MC MX MI MI ML MS MN MS

Ì É Ç Ç È Ê Í Í Í — — — Ì È Ì É É Î Î É Ë Ë Î Î Ì Ë Ì É Ê Ì — — — Ì Ç È Ì Ì È È Ç È Ç

X X X X X — — — C C C C — — C C C X X X Z C X X C X C C X C C C C X X X X X X X X X Z

ÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙ ÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙÙ ÙÙÙ

9.1 13.1 3.0 2.7 5.3 -1.7 3.1 4.4 1.3 3.0 4.3 2.9 3.9 -0.3 6.3 1.6 7.5 4.5 3.6 -3.9 2.2 3.7 -1.2 3.6 4.3 2.8 3.5 3.4 1.6 3.4 4.1 3.1 4.7 5.2 1.6 3.1 3.2 3.6 2.6 2.6 1.5 2.8 0.6

18.9 8.5 12.0 10.4 5.3 6.0 4.2 6.0 9.3 7.5 15.5 0.9 16.0 1.0 26.1 4.1 9.4 2.8 24.0 5.9 20.4 8.8 17.0 7.6 21.5 4.9 10.6 6.1 20.4 7.1 14.9 9.6 18.8 9.0 27.8 4.9 23.4 5.0 2.2 5.2 13.7 4.9 14.0 11.2 18.5 -0.1 20.3 4.4 10.8 7.3 10.0 9.0 4.5 9.8 12.6 10.2 16.2 18.7 5.1 8.8 10.3 12.3 7.9 9.3 4.2 8.8 2.0 4.2 5.3 4.8 5.4 4.7 5.3 3.9 4.5 3.4 2.2 5.0 4.4 3.4 4.1 5.3 4.6 4.4 4.6 3.3

4.8 5.9 4.9 5.0 5.5 4.3 3.0 6.0 4.1 6.8 9.1 6.9 6.4 5.0 7.6 5.7 5.8 5.6 6.3 4.1 5.4 10.7 6.1 5.0 3.6 4.2 4.0 4.2 3.7 4.3 3.7 3.9 3.7 3.1 3.8 3.6 3.2 3.9 4.1 3.8 3.6 3.7 3.2

7.8 7.8 5.1 5.1 6.2 4.5 — 5.6 — 5.5 11.7 8.1 8.7 7.6 13.1 — 6.4 6.4 6.9 6.0 6.7 11.1 4.2 5.4 5.1 5.2 5.6 5.6 4.0 — 5.2 5.2 5.3 5.0 4.0 4.6 4.9 5.3 4.9 5.3 3.9 5.3 3.0

5.6 3.9 2.4 1.9 3.6 4.0 4.6 9.0 3.2 7.1 6.8 4.7 5.7 3.8 5.1 2.6 2.7 8.1 7.8 2.8 4.4 4.3 4.2 7.8 4.2 3.4 4.1 3.8 2.4 4.1 4.7 4.4 5.3 5.2 2.7 3.8 4.3 4.5 3.7 4.4 2.4 3.9 1.5

13.2 13.1 2.6 2.3 4.2 15.7 14.2 16.7 9.9 15.6 15.8 9.5 14.7 10.9 13.8 12.8 5.5 15.2 14.8 10.9 8.0 9.4 17.7 14.9 6.5 3.9 5.9 5.9 2.7 6.0 7.9 6.5 9.6 10.8 2.8 5.6 7.0 7.7 5.4 6.7 2.5 6.3 1.1

-13.3 -8.6 -1.8 -1.5 -3.0 -26.0 -25.4 -30.1 -18.1 -27.5 -37.0 -15.2 -25.3 -17.0 -22.8 -15.2 -7.1 -26.7 -25.7 -12.5 -11.7 -6.0 -30.7 -25.5 -7.1 -2.9 -6.8 -5.7 -1.9 -6.1 -9.4 -8.2 -14.2 -16.0 -1.9 -4.6 -7.5 -9.8 -3.6 -7.1 -1.6 -5.9 -0.5

0.26 363 0.25 21 0.22 1,247 0.22 197 0.22 13,589 1.10 1.12 1.11 0.75 0.77 0.90 0.74 0.95 1.00 1.25 0.90 0.90 0.90 0.80 0.82 0.00 0.92 0.72 0.28 0.47 0.41 0.48 0.47 0.50 0.25 0.57 0.61 0.63 0.68 0.50 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 134 677 355 490 424 231 1,193 733 267 469 616 645 870 553 410 9 213 128 342 536 1,249 1,189 332 800 809 826 977 769 505 337 695 435 739 2,728 842 1,344 415 1,185

21 77 77 370 80 46 35 74 25 27 126 202 39 75 185 485 411 129 54 58 16 66 103 32 15 5 10 4 8 14 7 8 9 17 8 17 18 23 19 15 11 29 32

8,832 3,075 19,444 5,702 82,855 3,122 3,882 2,367 5,721 6,536 3,385 7,441 18,580 2,057 2,916 2,336 2,920 8,542 7,235 3,981 5,615 34,583 1,505 11,620 1,709 5,147 6,009 1,918 4,015 1,987 14,533 11,082 7,647 1,869 1,290 5,414 2,949 6,724 29,202 7,683 13,543 3,098 11,977

07/73 05/86 03/94 12/87 12/86 06/85 05/03 06/72 09/02 08/90 05/93 05/98 12/96 12/96 03/00 04/04 04/98 04/98 12/84 09/86 06/90 09/86 06/86 12/78 07/84 04/77 12/77 07/84 12/86 04/01 02/77 10/83 03/86 03/85 12/83 03/94 04/86 12/78 09/77 09/77 08/87 04/86 09/77

Municipal Bond

Foreign Large Growth Foreign Large Value Foreign Small/Mid Growth Foreign Small/Mid Value Global Real Estate Health High Yield Bond Inflation-Protected Bond Intermediate Government Intermediate-Term Bond

LS GL LO CL

Latin America Stock Long Government Long-Short Long-Term Bond

MN Muni New York Long SN PJ SR RI GS CS TA TD TE TG Natural Resources Pacific/Asia ex-Japan Stk Real Estate Retirement Income Short Government Short-Term Bond Target-Date 2000-2010 Target-Date 2011-2015 Target-Date 2016-2020 Target-Date 2021-2025

TH TI TJ TK TL ST UB SU IA IB IS

Target-Date 2026-2030 Target-Date 2031-2035 Target-Date 2036-2040 Target-Date 2041-2045 Target-Date 2050+ Technology Ultrashort Bond Utilities World Allocation World Bond World Stock

Equity Style Box
Val Blnd Grth Lrg Mid Sm

MA Moderate Allocation MU Multisector Bond MC Muni California Int/Sh MX Muni California Long MI ML Muni National Interm Muni National Long

Fixed-Income Style Box
Sht Int Long Hi Med Lo

HM High Yield Muni

MS Muni National Short

MorningstarAdvisor.com 71


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Morningstar Advisor - August/September 2010

Table of Contents for the Digital Edition of Morningstar Advisor - August/September 2010

Morningstar Advisor - August/September 2010
Contents
New on MorningstarAdvisor.com
Contributors
Letter From the Editor
What Aspects of Health-Care Reform Will Most Affect Your Clients?
Bonds, Chicago Style
Investment Briefs
Which Risk Are You Managing?
Eye on the Prize
Advisors Can’t Rely on Fidelity Alone
Health Care Gets Back to Business
An Opportune Time to Bet the Pharm
Reform’s Impact on Other Health-Care Industries
Top Takeover Targets in Biotech
After Reform, Narrow-Moat Firms Have Strong Prospects in Diagnostics
Health-Care Investing Alive and Well
Quest for Knowledge
Four Picks for the Present
How to Make Your Bond Portfolio Inflation-Resistant
Weeding Through the Energy Patch
Uncertainty and Value in Basic Materials
Stock Market Doom-Busters
Hunting Down European Debt-Dodgers
Mutual Fund Analyst Picks
50 Most Popular Equity ETFs
Undervalued Stocks With Wide Moats
VA Sales Slip a Bit in First Quarter
New at Morningstar
Star Wars, the Sequel
Morningstar Advisor - August/September 2010 - Morningstar Advisor - August/September 2010
Morningstar Advisor - August/September 2010 - Cover2
Morningstar Advisor - August/September 2010 - 1
Morningstar Advisor - August/September 2010 - 2
Morningstar Advisor - August/September 2010 - Contents
Morningstar Advisor - August/September 2010 - 4
Morningstar Advisor - August/September 2010 - 5
Morningstar Advisor - August/September 2010 - New on MorningstarAdvisor.com
Morningstar Advisor - August/September 2010 - 7
Morningstar Advisor - August/September 2010 - Contributors
Morningstar Advisor - August/September 2010 - Letter From the Editor
Morningstar Advisor - August/September 2010 - What Aspects of Health-Care Reform Will Most Affect Your Clients?
Morningstar Advisor - August/September 2010 - 11
Morningstar Advisor - August/September 2010 - Bonds, Chicago Style
Morningstar Advisor - August/September 2010 - 13
Morningstar Advisor - August/September 2010 - Investment Briefs
Morningstar Advisor - August/September 2010 - 15
Morningstar Advisor - August/September 2010 - Which Risk Are You Managing?
Morningstar Advisor - August/September 2010 - 17
Morningstar Advisor - August/September 2010 - 18
Morningstar Advisor - August/September 2010 - Eye on the Prize
Morningstar Advisor - August/September 2010 - 20
Morningstar Advisor - August/September 2010 - 21
Morningstar Advisor - August/September 2010 - Advisors Can’t Rely on Fidelity Alone
Morningstar Advisor - August/September 2010 - 23
Morningstar Advisor - August/September 2010 - 24
Morningstar Advisor - August/September 2010 - 25
Morningstar Advisor - August/September 2010 - 26
Morningstar Advisor - August/September 2010 - Health Care Gets Back to Business
Morningstar Advisor - August/September 2010 - An Opportune Time to Bet the Pharm
Morningstar Advisor - August/September 2010 - 29
Morningstar Advisor - August/September 2010 - Reform’s Impact on Other Health-Care Industries
Morningstar Advisor - August/September 2010 - 31
Morningstar Advisor - August/September 2010 - 32
Morningstar Advisor - August/September 2010 - Top Takeover Targets in Biotech
Morningstar Advisor - August/September 2010 - 34
Morningstar Advisor - August/September 2010 - 35
Morningstar Advisor - August/September 2010 - After Reform, Narrow-Moat Firms Have Strong Prospects in Diagnostics
Morningstar Advisor - August/September 2010 - 37
Morningstar Advisor - August/September 2010 - 38
Morningstar Advisor - August/September 2010 - 39
Morningstar Advisor - August/September 2010 - 40
Morningstar Advisor - August/September 2010 - Health-Care Investing Alive and Well
Morningstar Advisor - August/September 2010 - 42
Morningstar Advisor - August/September 2010 - 43
Morningstar Advisor - August/September 2010 - 44
Morningstar Advisor - August/September 2010 - 45
Morningstar Advisor - August/September 2010 - 46
Morningstar Advisor - August/September 2010 - 47
Morningstar Advisor - August/September 2010 - 48
Morningstar Advisor - August/September 2010 - Quest for Knowledge
Morningstar Advisor - August/September 2010 - 50
Morningstar Advisor - August/September 2010 - 51
Morningstar Advisor - August/September 2010 - Four Picks for the Present
Morningstar Advisor - August/September 2010 - 53
Morningstar Advisor - August/September 2010 - How to Make Your Bond Portfolio Inflation-Resistant
Morningstar Advisor - August/September 2010 - 55
Morningstar Advisor - August/September 2010 - 56
Morningstar Advisor - August/September 2010 - 57
Morningstar Advisor - August/September 2010 - Weeding Through the Energy Patch
Morningstar Advisor - August/September 2010 - 59
Morningstar Advisor - August/September 2010 - 60
Morningstar Advisor - August/September 2010 - Uncertainty and Value in Basic Materials
Morningstar Advisor - August/September 2010 - 62
Morningstar Advisor - August/September 2010 - 63
Morningstar Advisor - August/September 2010 - Stock Market Doom-Busters
Morningstar Advisor - August/September 2010 - 65
Morningstar Advisor - August/September 2010 - Hunting Down European Debt-Dodgers
Morningstar Advisor - August/September 2010 - 67
Morningstar Advisor - August/September 2010 - Mutual Fund Analyst Picks
Morningstar Advisor - August/September 2010 - 69
Morningstar Advisor - August/September 2010 - 70
Morningstar Advisor - August/September 2010 - 71
Morningstar Advisor - August/September 2010 - 50 Most Popular Equity ETFs
Morningstar Advisor - August/September 2010 - 73
Morningstar Advisor - August/September 2010 - Undervalued Stocks With Wide Moats
Morningstar Advisor - August/September 2010 - 75
Morningstar Advisor - August/September 2010 - VA Sales Slip a Bit in First Quarter
Morningstar Advisor - August/September 2010 - 77
Morningstar Advisor - August/September 2010 - 78
Morningstar Advisor - August/September 2010 - New at Morningstar
Morningstar Advisor - August/September 2010 - Star Wars, the Sequel
Morningstar Advisor - August/September 2010 - Cover3
Morningstar Advisor - August/September 2010 - Cover4
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