(PUB) Investing 2016

44

Historical Performance

Historical Risk

Morningstar Rating vs.Category 5 ! Best

Total Return % 07-31-16

Total Return % Category Rank

30- Day Yld %

Stand- ard Devia- tion (R²)

Risk Relative to Category

1 ! Best, 100 ! Worst

Morningstar Analyst Rating

A N N U A L I Z E D

YTD 1 Yr

3 Yr

5 Yr

10 Yr YTD 1 Yr 3 Yr 5 Yr 10 Yr

Morningstar 500 Bond Funds

High-Yield Bond (cont’d) Fidelity High Income SPHIX

—

8.7 2.2

3.0 4.9 6.1

— — — — —

— 5.56 (6)

—

„ ´ ˇ ˇ ´ Œ „

QQQ QQQ

10.3

2.4 1.8 2.9 1.2 3.5 2.9 4.2

3.2 3.2 3.8 2.1 4.1 3.9 4.7 2.4 3.8 2.1 2.1 2.2 6.2 4.0 1.2 — 2.8 1.8 6.3 5.7 0.3 1.3 4.1 -0.2 6.0 3.5 4.4 1.9 6.7 6.8 6.2 7.4 4.9 8.3 6.4 1.9 5.0 7.4 5.1 7.2 1.9 0.8 5.9 4.4 1.8 3.5 5.7

5.0 5.5 5.2 3.8 5.3 5.8 6.0 1.5 4.6 — 3.3 3.2 6.3 4.1 1.3 — 4.1 0.6 6.3 7.9 1.4 0.0 4.6 0.9 5.8 5.5 3.0 3.9 1.8 5.7 5.9 5.5 6.3 4.3 7.6 5.5 1.8 4.9 6.4 4.4 6.0 1.7 0.8 1.1 —

6.8 — 6.8 6.6 6.4 7.1 6.6 4.3 5.0 — 3.5 3.9 7.9 6.2 2.7 — 6.2 4.3 — 5.0 6.4 — — 3.5 5.8 6.3 6.5 4.7 4.2 4.3 2.9 5.1 5.3 4.8 5.1 4.6 5.3 4.9 3.0 4.7 5.3 4.6 5.2 2.7 1.8 —

20 52 31 66 68 39 94 77 61 26 42 39 73 14 41 33 83 64 50 75 22 42 36 31 26 23 71 55 37 45 27 37 26 24 24 57 9 12 58 40 70 36 18 8

53 51 26 52 27 — 31 39 25 82 87 35 24 36 39 29 17 15 8 13 33 41 47 54 74 88 73 — — — 60 60 43 57 73 19 32 49 23 53 71 73 — — — 75 45 24 57 60 54 53 52 — 56 72 33 9 4 10

6.3 7.4 5.6 4.0 5.0 5.4 5.0 1.6 — — 3.8 4.3 5.7 3.5 2.8 3.7 3.4 2.1 1.4 4.8 3.2 1.3 2.9 3.9 2.2 1.4 1.3 1.2 0.7 1.4 1.5 1.4 2.3 0.9 2.2 1.2 0.4 1.4 2.1 1.2 1.6 0.8 0.6 1.6 0.4

6.18 5.88 4.84 4.21

(6) (3) (8) (8)

+Avg Avg -Avg -Avg Avg Avg -Avg

Hotchkis & Wiley High Yield A HWHAX

9.8 8.1 4.6 8.5 9.4 7.9

QQQQ

Janus High-Yield T JAHYX

QQQ

Metropolitan West High Yield Bond M MWHYX

[QQQ

PIMCO High Yield D PHYDX

5.28 (10)

QQQQ QQQQ

T. Rowe Price High Yield PRHYX

5.48

(5)

Vanguard High-Yield Corporate Inv VWEHX

4.79 (11)

Specialty Bond

—

7.5 3.2

1.9 2.6 4.2

— — — — —

— 6.17 (24)

—

ˇ ˇ

QQQ

American Funds Capital World Bond A CWBFX Calamos Convertible A CCVIX Dodge & Cox Global Bond DODLX Eaton Vance Floating Rate A EVBLX Fidelity Floating Rate High Income FFRHX

IB

9.0

7.3

4.52 (42) 9.15 (81) 5.44 (12)

Avg Avg

QQ

CV

3.1 -2.5

—

IB NR

7.8 6.4 6.0

4.0 2.1 2.4

´ ´ „ „ ´ ´ ˇ ´ ´ „ ˇ ˇ ´ — Œ

QQQ

BL BL

3.11 3.11

(1) (2)

Avg Avg Avg Avg Low

QQQQ QQQQ QQQQ

Fidelity New Markets Income FNMIX Fidelity Strategic Income FSICX

EB

14.0 11.7

7.69 (10) 4.24 (20) 0.76 (42) — (—)

MU

8.4 1.7 3.7 8.4

5.1 0.9 1.6 4.2 8.5 3.6

NT [QQ NT NR

FPA New Income FPNIX

Janus Global Unconstrained Bond D JUCDX

QQQ QQQ QQQ QQQ

Loomis Sayles Bond Retail LSBRX

MU

6.08

(7)

High

Loomis Sayles Global Bond Retail LSGLX PIMCO Emerging Local Bond Instl PELBX PIMCO Foreign Bond (Unhedged) D PFBDX PIMCO Foreign Bond (USD-Hedged) D PFODX

IB

10.4 14.7

4.8 (29)

Avg

-4.2 -3.1

XP

5.8 12.61 (14)

+Avg High -Avg -Avg

IB IB

12.3 10.6

6.64 (16) 3.05 (54) 2.88 (15)

QQQQQ QQQQQ

6.9 5.3

6.9 4.3

2 7

2

4

PIMCO Income D PONDX

MU

2 —

QQQ

PIMCO Unconstrained Bond D PUBDX T. Rowe Price International Bond RPIBX T. Rowe Price Spectrum Income RPSIX

NT

2.3 -0.8 13.3 12.2

63 81

77 68 — 70 82 73 25 29 46

3.17

(1)

Avg

QQ

IB

5

3

6.59 (15) 3.98 (22)

+Avg

QQQQ

MU

8.6

6.2

22 11 97 98 59 39

Avg

Œ

QQQ

-1.2 -4.4 4.3 -1.7

Templeton Global Bond A TPINX

IB

89 62

4

6.12

(1)

+Avg -Avg

´

CV [QQQ

Vanguard Convertible Securities Inv VCVSX

84 63 20

7.38 (76)

QQQQQ

Vanguard Total Intl Bd Idx Investor VTIBX

—

IB

6.9

7.6

61 31

4 — —

2.7 (77)

-Avg

Municipal Bond National

—

3.9 6.1

5.1 4.6 3.8

— — — — —

— 2.61 (81)

—

´

QQQQ

American Funds Tax-Exempt Bond A AFTEX Baird Quality Intermediate Muni Bd Inst BMBIX

MI MI MI

4.2 2.7 3.5 1.8 5.0 5.2 4.2 6.0 3.6 5.9 4.3 1.8 4.0 5.7 3.7 5.1 1.7 0.9

6.7 4.4 5.4 2.7 7.7 7.9 6.3 9.3 5.8 8.9 6.6 2.4 6.3 9.1 6.1 8.3 2.5 1.1

21 25 90 86 54 59 28 29 24 30 15 30 63 77 53 54 51 45 57 63 56 66 26 34 26 33

14 13 16 87 90 48 61 63 44 26 27 27 28 45 19 26 34 11 57 52 34 68 74 20 38 47 21 45 34 11 52 48 29 27 27 26 37 22 10

2.65 (98) 2.19 (90) 2.21 (98) 1.22 (79) 2.98 (98) 3.02 (98) 3.0 (97) 3.93 (91) 2.37 (98) 3.73 (91) 2.86 (97) 1.31 (65) 2.2 (98) 3.27 (97) 2.39 (98) 3.14 (98) 1.14 (69) 0.39 (39)

Avg Low -Avg Avg Avg Avg Avg Avg Avg Avg -Avg +Avg -Avg High

QQQ QQQ

—

Œ Œ Œ Œ

Fidelity Interm Muni Inc FLTMX

QQQQ QQQQ QQQQ

Fidelity Limited Term Municipal Income FSTFX

MS ML ML ML HM

Fidelity Municipal Income FHIGX

Fidelity Tax-Free Bond FTABX

´ ´

QQQ QQQ

Franklin Federal Tax-Free Income A FKTIX Franklin High Yield Tax-Free Inc A FRHIX T. Rowe Price Summit Municipal Intm PRSMX T. Rowe Price Tax-Free High Yield PRFHX T. Rowe Price Tax-Free Income Inv PRTAX T. Rowe Price Tax-Free Shrt-Interm PRFSX USAA Tax Exempt Intermediate-Term USATX Vanguard High-Yield Tax-Exempt VWAHX Vanguard Interm-Term Tx-Ex Inv VWITX Vanguard Long-Term Tax-Exempt VWLTX Vanguard Ltd-Term Tx-Ex VMLTX Vanguard Short-Term Tx-Ex VWSTX

Œ Œ Œ Œ

QQQQ QQQQ QQQQ QQQQ

MI

HM

ML MS

´ „ „ „ „ „

QQQQQ QQQQQ

MI MI MI

1

2

5

4

1

QQQQ

38 36

35 38 20

Avg

QQQQQ

ML MS MS

19 20 32 32 77 74

18 33 18 28 33 32 78 78 76

Avg Avg Low

QQQQ

QQ

BarCap Municipal TR USD BofAML US HY Master II TR

4.4 6.9 12.1 4.9

5.1 5.0 6.0 7.6

Legend

Categories

BL Bank Loan CI Intermediate-Term Bond CV Convertibles Bond EB Emerging Market Bond

HM High-Yield Muni IB World Bond MI Muni National, Intermediate ML Muni National, Long

MS Muni National, Short MU Multisector Bond NT Nontraditional Bond XP Emerging Market Local Bond

Red ! Lowest return in group Green ! Highest return in group Italic ! Extended performance

E ! New this month ][ ! Increase/decrease in rating NR ! No Morningstar Rating; fund less than three years old.