Morningstar Advisor - October/November 2010 - 73

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 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 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 CA S/I Tax-Free Bond FCSTX 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 August 31, 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

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

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

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

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

20.9 4.3 3.7 7.9 -0.6 4.8 7.7 3.5 6.7 10.7 6.9 7.5 5.1 12.4 9.5 10.9 7.3 2.4 5.5 7.2 2.8 7.4 4.0 8.2 5.6 7.0 6.8 3.4 7.0 8.0 6.3 8.9 8.7 3.5 7.2 7.4 7.6 6.4 6.5 3.0 6.2 1.3

16.8 11.3 5.2 5.8 4.2 5.7 9.3 7.6 7.7 1.2 11.1 2.6 19.7 6.1 7.5 4.3 19.5 7.8 19.0 11.2 14.1 8.9 16.8 6.1 8.9 7.2 20.0 9.4 13.2 10.9 15.2 9.7 18.9 7.0 4.0 6.3 10.5 5.8 13.6 12.9 12.9 1.9 17.6 6.2 5.7 10.5 7.6 9.7 9.4 4.7 9.8 13.2 9.8 15.8 16.4 5.4 9.3 10.1 11.8 8.6 9.5 4.5 8.6 2.1 5.5 5.3 5.9 5.9 6.3 4.9 6.4 5.3 5.6 5.2 4.0 5.3 5.7 5.0 5.7 6.3 5.9 4.6 5.7 3.3

7.3 5.0 5.1 5.9 4.0 3.2 6.1 4.3 7.2 10.0 7.4 6.8 5.9 8.3 7.0 6.4 6.5 5.1 5.8 11.3 5.9 5.5 — 4.2 4.6 4.5 4.7 4.0 4.8 4.3 4.4 4.3 3.6 4.2 4.3 3.9 4.5 4.8 4.5 3.9 4.3 3.2

8.2 5.0 5.1 6.2 3.9 — 5.9 — 5.7 11.7 8.4 8.8 8.4 13.1 — 6.6 7.2 7.1 6.8 11.7 4.1 5.5 — 5.1 5.2 5.6 5.7 4.0 — 5.2 5.3 5.4 5.0 4.0 4.7 4.9 5.4 5.0 5.4 3.9 5.3 3.0

3.7 2.3 1.7 3.5 3.9 4.7 8.8 3.2 7.0 6.4 4.5 5.6 3.2 4.6 2.2 2.4 7.7 2.5 4.3 4.2 4.0 7.7 2.3 4.0 3.3 4.0 3.7 2.3 4.0 4.5 4.3 5.1 5.0 2.5 3.6 4.2 4.4 3.6 4.2 2.4 3.8 1.4

13.5 2.6 2.3 4.2 15.7 14.1 16.6 9.7 15.5 15.9 9.6 14.8 11.1 13.8 13.0 5.6 14.7 11.2 8.2 9.3 18.1 14.8 3.1 6.6 4.0 6.0 6.0 2.7 6.1 7.9 6.5 9.6 10.8 2.8 5.7 7.1 7.7 5.5 6.8 2.5 6.4 1.1

-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 -25.7 -12.5 -11.7 -6.0 -30.7 -25.5 -0.5 -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

0.25 22 0.22 1,271 0.22 326 0.22 13,687 1.10 1.12 1.11 0.75 0.75 0.90 0.74 0.95 1.00 1.25 0.90 0.90 0.76 0.82 0.00 0.92 0.72 0.28 0.35 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 0.20 127 693 373 490 424 229 1,193 693 252 469 616 645 559 422 9 224 124 322 424 535 1,239 1,187 333 788 812 835 989 762 518 345 703 443 750 2,793 855 1,397 410 1,202

77 77 370 80 46 35 74 25 65 126 202 39 75 185 485 411 82 58 16 66 103 32 19 15 5 10 4 8 14 7 8 9 17 8 17 18 23 19 15 11 29 32

3,164 20,165 5,790 84,690 3,139 4,094 2,408 6,135 7,360 4,030 7,926 19,100 2,224 3,390 2,576 3,167 7,599 4,323 5,785 38,008 1,592 12,132 714 1,800 5,385 6,242 2,003 4,177 2,161 15,005 11,588 8,039 1,896 1,369 5,552 2,989 6,847 29,839 7,799 13,837 3,135 12,019

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 12/84 09/86 06/90 09/86 06/86 12/78 10/05 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
Lo Med Hi Hi Med Lo

HM High Yield Muni

MS Muni National Short

MorningstarAdvisor.com 73


http://www.MorningstarAdvisor.com

Morningstar Advisor - October/November 2010

Table of Contents for the Digital Edition of Morningstar Advisor - October/November 2010

Morningstar Advisor - October/November 2010
Contents
New on MorningstarAdvisor.com
Contributors
Letter From the Editor
What estate-planning strategies are you and your clients doing before the end of the year?
Next Steps for ETFs
Investment Briefs
Taking It Personal
A Model Practice
Find the Right Fit
Will REITs Put You in the Penthouse?
Prepare for the Worst
Tips for Common Family Situations
Might Makes Right
Built to Last
Four Picks for the Present
Tactical Strategies Miss Their Mark
Time to Hop on the Commodities Bandwagon?
Retailers Balance Caution and Catalysts
In Search of … Recession Survivors
Turmoil-Tested Small-Cap Funds
Mutual Fund Analyst Picks
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
VA Sales Rise in Second Quarter
The Third Rail
Morningstar Advisor - October/November 2010 - Intro
Morningstar Advisor - October/November 2010 - Morningstar Advisor - October/November 2010
Morningstar Advisor - October/November 2010 - Cover2
Morningstar Advisor - October/November 2010 - 1
Morningstar Advisor - October/November 2010 - 2
Morningstar Advisor - October/November 2010 - Contents
Morningstar Advisor - October/November 2010 - 4
Morningstar Advisor - October/November 2010 - 5
Morningstar Advisor - October/November 2010 - New on MorningstarAdvisor.com
Morningstar Advisor - October/November 2010 - 7
Morningstar Advisor - October/November 2010 - Contributors
Morningstar Advisor - October/November 2010 - Letter From the Editor
Morningstar Advisor - October/November 2010 - What estate-planning strategies are you and your clients doing before the end of the year?
Morningstar Advisor - October/November 2010 - 11
Morningstar Advisor - October/November 2010 - Next Steps for ETFs
Morningstar Advisor - October/November 2010 - 13
Morningstar Advisor - October/November 2010 - Investment Briefs
Morningstar Advisor - October/November 2010 - 15
Morningstar Advisor - October/November 2010 - 16
Morningstar Advisor - October/November 2010 - 17
Morningstar Advisor - October/November 2010 - Taking It Personal
Morningstar Advisor - October/November 2010 - 19
Morningstar Advisor - October/November 2010 - A Model Practice
Morningstar Advisor - October/November 2010 - 21
Morningstar Advisor - October/November 2010 - Find the Right Fit
Morningstar Advisor - October/November 2010 - 23
Morningstar Advisor - October/November 2010 - 24
Morningstar Advisor - October/November 2010 - 25
Morningstar Advisor - October/November 2010 - Will REITs Put You in the Penthouse?
Morningstar Advisor - October/November 2010 - 27
Morningstar Advisor - October/November 2010 - 28
Morningstar Advisor - October/November 2010 - 29
Morningstar Advisor - October/November 2010 - 30
Morningstar Advisor - October/November 2010 - 31
Morningstar Advisor - October/November 2010 - Prepare for the Worst
Morningstar Advisor - October/November 2010 - 33
Morningstar Advisor - October/November 2010 - 34
Morningstar Advisor - October/November 2010 - 35
Morningstar Advisor - October/November 2010 - Tips for Common Family Situations
Morningstar Advisor - October/November 2010 - 37
Morningstar Advisor - October/November 2010 - Might Makes Right
Morningstar Advisor - October/November 2010 - 39
Morningstar Advisor - October/November 2010 - 40
Morningstar Advisor - October/November 2010 - 41
Morningstar Advisor - October/November 2010 - 42
Morningstar Advisor - October/November 2010 - 43
Morningstar Advisor - October/November 2010 - 44
Morningstar Advisor - October/November 2010 - 45
Morningstar Advisor - October/November 2010 - Built to Last
Morningstar Advisor - October/November 2010 - 47
Morningstar Advisor - October/November 2010 - 48
Morningstar Advisor - October/November 2010 - 49
Morningstar Advisor - October/November 2010 - Four Picks for the Present
Morningstar Advisor - October/November 2010 - 51
Morningstar Advisor - October/November 2010 - Tactical Strategies Miss Their Mark
Morningstar Advisor - October/November 2010 - 53
Morningstar Advisor - October/November 2010 - 54
Morningstar Advisor - October/November 2010 - 55
Morningstar Advisor - October/November 2010 - 56
Morningstar Advisor - October/November 2010 - 57
Morningstar Advisor - October/November 2010 - Time to Hop on the Commodities Bandwagon?
Morningstar Advisor - October/November 2010 - 59
Morningstar Advisor - October/November 2010 - 60
Morningstar Advisor - October/November 2010 - Retailers Balance Caution and Catalysts
Morningstar Advisor - October/November 2010 - 62
Morningstar Advisor - October/November 2010 - 63
Morningstar Advisor - October/November 2010 - 64
Morningstar Advisor - October/November 2010 - 65
Morningstar Advisor - October/November 2010 - In Search of … Recession Survivors
Morningstar Advisor - October/November 2010 - 67
Morningstar Advisor - October/November 2010 - Turmoil-Tested Small-Cap Funds
Morningstar Advisor - October/November 2010 - 69
Morningstar Advisor - October/November 2010 - Mutual Fund Analyst Picks
Morningstar Advisor - October/November 2010 - 71
Morningstar Advisor - October/November 2010 - 72
Morningstar Advisor - October/November 2010 - 73
Morningstar Advisor - October/November 2010 - 50 Most Popular ETFs
Morningstar Advisor - October/November 2010 - 75
Morningstar Advisor - October/November 2010 - Undervalued Stocks With Wide Moats
Morningstar Advisor - October/November 2010 - 77
Morningstar Advisor - October/November 2010 - VA Sales Rise in Second Quarter
Morningstar Advisor - October/November 2010 - 79
Morningstar Advisor - October/November 2010 - The Third Rail
Morningstar Advisor - October/November 2010 - Cover3
Morningstar Advisor - October/November 2010 - Cover4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019winter
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019fall
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019summer
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019spring
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20191201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20141011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20141201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120405
https://www.nxtbook.com/nxtbooks/morningstar/investorconference2012
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20091011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008catalog
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008winter
https://www.nxtbookmedia.com