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THE TOP-PERFORMING FUNDS
(MONEY Magazine) – GROWTH SIX-MONTH WINNERS % Fund name return 1 Landmark Small Cap Equity A 37.9 2 Pathfinder 36.4 3 Fremont US Micro-Cap 32.4 4 State St. Res. Sm. Cap Val. A 31.2 5 SteinRoe Capital Opp. 29.5 6 Lindner/Ryback Small Cap 28.9 7 Compass Small Cap Gro. Inv. A 28.9 8 Parkstone Small Cap Inv. A 28.0 9 Hancock Discovery B 28.0 10 Navellier Agg. Small Cap Eq. [1] 27.6 11 Alliance Quasar A 27.1 12 PBHG Select Equity 26.4 13 Munder Small Company Gro. A 26.0 14 Calamos Growth 25.5 15 GAMerica Capital A 25.3 16 SteinRoe Young Investor 25.1 17 ESC Strategic Small Cap A 24.9 18 Goldman Sachs Small Cap Eq. A 24.4 19 TCW/DW Small Cap Growth 24.1 20 DG Opportunity 23.3 21 Baron Asset 23.2 22 First Mutual 23.2 23 Berger Small Company Growth 23.2 24 Henlopen 22.9 25 USAA Aggressive Growth 22.8 Average growth fund 10.1 ONE-YEAR WINNERS % Fund name return 1 Landmark Small Cap Equity A 98.6 2 PBHG Select Equity 67.8 3 Fremont US Micro-Cap 65.7 4 SteinRoe Capital Opp. 65.1 5 TCW/DW Small Cap Growth 61.8 6 Alliance Quasar A 61.2 7 Compass Small Cap Gro. Inv. A 57.4 8 Pathfinder 56.8 9 ESC Strategic Small Cap A 56.5 10 IAI Emerging Growth [1] 55.4 11 Putnam OTC Emerging Growth A 55.1 12 USAA Aggressive Growth 54.7 13 Dominion Insight Growth 54.4 14 Hancock Discovery B 52.9 15 Berger Small Company Growth 51.0 16 PBHG Emerging Growth 50.4 17 Wasatch Micro-Cap 50.0 18 Parkstone Small Cap Inv. A 49.9 19 Navellier Agg. Small Cap Eq. [1] 49.3 20 First Mutual 49.1 21 PBHG Growth 48.9 22 Munder Small Company Gro. A 48.3 23 PBHG Large Cap Growth 48.0 24 SteinRoe Young Investor 47.6 25 Smith Barney Spec. Equities B 46.9 Average growth fund 23.2 THREE-YEAR WINNERS % Fund name return 1 Perkins Opportunity 50.9 2 PBHG Emerging Growth 42.9 3 Govett Smaller Companies A 42.5 4 Fidelity Destiny II 36.2 5 AIM Aggressive Growth [1] 33.3 6 SteinRoe Capital Opp. 32.4 7 PBHG Growth 30.9 8 Putnam OTC Emerging Growth A 30.6 9 Spectra 30.5 10 Franklin CA Growth 30.4 11 20th Century Giftrust Inv. 30.3 12 Franklin Small Cap Growth I 29.3 13 Parkstone Small Cap Inv. A 29.3 14 Ivy Emerging Growth A 29.1 15 Putnam New Opportunities A 28.5 16 T. Rowe Price New Horizons [1] 27.5 17 Dominion Insight Growth 27.3 18 USAA Aggressive Growth 27.2 19 Lord Abbett Developing Growth 26.7 20 Alger MidCap Growth 26.3 21 Kaufmann 26.2 22 IAI Emerging Growth [1] 26.0 23 FPA Capital [1] 25.9 24 Baron Asset 25.8 25 Overland Exp. Strat. Growth A 25.7 Average growth fund 15.5 10-YEAR WINNERS % Fund name return 1 Fidelity Destiny II 30.8 2 PBHG Growth 21.6 3 20th Century Giftrust Inv. 21.0 4 PIMCo Adv. Opportunity C [1] 19.0 5 FPA Capital [1] 18.8 6 Kaufmann 18.7 7 Fidelity Contrafund 18.7 8 Spectra 18.4 9 20th Century Ultra Investors 18.1 10 AIM Aggressive Growth [1] 18.1 11 AIM Constellation A 17.9 12 CGM Capital Development [1] 17.4 13 AIM Value A 17.2 14 Putnam OTC Emerging Growth A 17.1 15 Brandywine 16.9 16 Idex II Growth A 16.7 17 Idex [1] 16.6 18 Delaware DelCap A 16.6 19 Putnam Voyager A 16.5 20 Hancock Special Equities A 16.3 21 Fidelity Destiny I 16.3 22 Columbia Special 16.0 23 Davis NY Venture A 15.8 24 Berger 100 15.8 25 Shelby 15.6 Average growth fund 12.4 TOTAL RETURN SIX-MONTH WINNERS % Fund name return 1 Lindner Bulwark 32.7 2 Baron Growth & Income 20.5 3 FPA Paramount [1] 19.6 4 Value Line Asset Allocation 16.5 5 Green Century Balanced 16.4 6 Founders Blue Chip 16.3 7 Robertson Stephens Contr. 15.9 8 Heartland Value & Income 15.5 9 Mentor Strategy B 14.7 10 Westcore Growth & Income 14.5 11 Janus Growth & Income 13.9 12 SunAmerica Growth & Income A 13.5 13 20th Century Value 13.3 14 Lepercq-Istel 13.2 15 Advantus Cornerstone A 13.1 16 1784 Growth & Income 13.1 17 Value Line Convertible 12.8 18 Heritage Income-Growth A 12.6 19 Portico Growth & Income Ret. 12.5 20 Salomon Bros. Investors O [1] 12.4 21 Fidelity Congress Street [1] 12.4 22 Kemper Blue Chip A 12.3 23 Peachtree Equity 12.2 24 Lexington Growth & Income 12.1 25 Vista Equity-Income 12.0 Average total-return fund 5.3 ONE-YEAR WINNERS % Fund name return 1 Baron Growth & Income 40.5 2 Value Line Asset Allocation 36.3 3 Kemper-Dreman High Return A 35.7 4 SunAmerica Growth & Income A 35.3 5 Janus Growth & Income 31.4 6 Advantus Cornerstone A 30.2 7 Fidelity Congress Street [1] 30.0 8 IDS Blue Chip Advantage A 30.0 9 Salomon Bros. Investors O [1] 29.9 10 Founders Blue Chip 29.7 11 Massachusetts Inv. A 29.6 12 Portico Growth & Income Ret 29.6 13 Chicago Trust Growth & Inc. 29.4 14 Vista Equity-Income 28.8 15 Westcore Blue Chip 28.8 16 Vanguard/Windsor II 28.6 17 Nationwide 28.5 18 Heritage Income-Growth A 28.4 19 Invesco Balanced 28.4 20 Lexington Corporate Leaders 28.3 21 RIMCo Monument Stock 28.2 22 Principal Pres. Div. Achievers 28.1 23 Washington Mutual Investors 27.9 24 Fidelity Growth & Income 27.8 25 Delaware Devon A 27.8 Average total-return fund 15.3 THREE-YEAR WINNERS % Fund name return 1 Clover Capital Equity Value 20.8 2 Fidelity Congress Street [1] 20.3 3 Safeco Equity 20.2 4 Babson Value 20.0 5 Oppenheimer Main St. I&G A 19.0 6 RIMCo Monument Stock 19.0 7 Kemper-Dreman High Return A 18.9 8 Oppenheimer Quest Opp. A 18.6 9 STI Classic Val. Inc. Stock Inv. 18.2 10 GAM International A 18.1 11 Founders Blue Chip 18.0 12 Goldman Sachs Sel. Eq. A 17.9 13 Smith Breeden Mkt. Tracking 17.9 14 IDS Blue Chip Advantage A 17.9 15 Mutual Qualified 17.9 16 Fidelity 17.5 17 Mutual Beacon 17.4 18 Fidelity Growth & Income 17.4 19 Mutual Shares 17.4 20 First American Stock A 17.4 21 Dodge & Cox Stock 17.3 22 1784 Growth & Income 17.3 23 Massachusetts Inv. A 17.1 24 AIM Blue Chip 17.1 25 Salomon Bros. Investors O [1] 17.1 Average total-return fund 10.2 10-YEAR WINNERS % Fund name return 1 FPA Paramount [1] 16.2 2 Fidelity Growth & Income 15.9 3 Mutual Beacon 15.2 4 GAM International A 15.0 5 Mutual Qualified 14.6 6 Fidelity Congress Street [1] 14.5 7 Safeco Equity 14.4 8 Dodge & Cox Stock 14.3 9 Mutual Shares 14.2 10 Lexington Corporate Leaders 14.1 11 T. Rowe Price Equity-Income 13.8 12 Massachusetts Inv. A 13.7 13 Fundamental Investors 13.7 14 Babson Value 13.6 15 Oppenheimer Total Return A 13.6 16 Vanguard Index 500 13.5 17 Neuberger & Berman Guardian 13.5 18 Putnam Fund for Gro. & Inc. A 13.5 19 United Income A 13.4 20 AIM Charter A 13.4 21 T. Rowe Price Capital App. 13.3 22 Vanguard/Windsor II 13.2 23 Washington Mutual Investors 13.2 24 Invesco Industrial Income 13.1 25 Fidelity 13.0 Average total-return fund 9.9 All data are to July 1, 1996. For telephone numbers and performance data, see the tables that begin on page 96. Note: 1Closed to new investors Source: Morningstar, 800-735-0700 OVERSEAS SIX-MONTH WINNERS % Fund name return 1 Morgan Stanley Latin Amer. A 34.1 2 Hancock Global Marketplace A 29.0 3 BT Investment Latin Amer. Eq. 27.7 4 GT Global Cons. Product A 27.6 5 Ivy Latin America Strategy A 26.3 6 Fidelity Latin America 26.0 7 EV Marathon Emerging Markets 25.3 8 Invesco European Small Co. 25.0 9 Invesco Latin American Gro. 24.3 10 Pioneer Emerging Markets A 24.3 11 Robertson Steph. Dev. Countries 24.1 12 Hercules Latin American Value 23.9 13 Scudder Latin America 23.5 14 20th Century Intl. Emer. Growth 22.5 15 Nicholas-Applegate Em. Country A 22.4 16 Govett Latin America A 22.3 17 T. Rowe Price Latin America 22.0 18 Wright EquiFund-Mexico 21.8 19 Merrill Lynch Latin Amer. B 21.6 20 Oakmark International 21.0 21 Wright EquiFund-Netherlands 20.9 22 Idex II Global A 20.5 23 Buffalo USA Global 19.7 24 Janus Worldwide 19.6 25 Lindner International 19.3 Average overseas fund 10.8 ONE-YEAR WINNERS % Fund name return 1 GT Global Cons. Product A 56.6 2 Hancock Global Marketplace A 52.5 3 Invesco European Small Co. 45.7 4 Warburg Pincus Jap. OTC Comm. 40.8 5 Morgan Stanley Latin Amer. A 39.4 6 Alliance Global Small Cap A 36.9 7 Janus Overseas 35.5 8 Seligman Henderson Glob. Sm. A 35.4 9 Janus Worldwide 34.7 10 GAM Japan Capital A 34.1 11 Idex II Global A 32.6 12 Ivy Latin America Strategy A 32.4 13 Fortis Global Growth A 32.2 14 AIM Global Aggressive Gro. A 32.0 15 20th Century Intl. Emer. Growth 31.4 16 Harbor International Growth 29.7 17 Fidelity Latin America 29.6 18 First Eagle International 29.4 19 Founders Passport 29.1 20 Montgomery Global Opp. 28.6 21 Mentor Perpetual Global B 28.2 22 Scudder Latin America 28.0 23 Scudder Global Discovery 27.7 24 Pioneer Emerging Markets A 27.6 25 Goldman Sachs Intl. Eq. A 27.5 Average overseas fund 17.0 THREE-YEAR WINNERS % Fund name return 1 Seligman Henderson Glob. Sm. A 24.6 2 Wright EquiFund-Netherlands 23.2 3 Dean Witter European Growth 22.2 4 Idex II Global A 22.2 5 Janus Worldwide 22.0 6 ONE Fund International 21.2 7 T. Rowe Price European Stock 19.5 8 Putnam Europe Growth A 19.4 9 Harbor International [1] 19.2 10 Pioneer Europe A 19.0 11 Fidelity Europe 18.6 12 GAM Global A 18.5 13 Founders Worldwide Growth 18.2 14 Fortis Global Growth A 18.2 15 Smallcap World 18.2 16 Phoenix Worldwide Opp. A 18.1 17 Alliance New Europe A 17.9 18 Ivy International A 17.8 19 BT Investment Intl. Equity 17.3 20 Oppenheimer Global A 17.2 21 Pioneer International Growth A 17.2 22 AIM International Equity A 17.1 23 United International Growth A 17.1 24 Colonial Newport Tiger T [1] 17.0 25 Templeton World I 16.8 Average overseas fund 13.0 10-YEAR WINNERS % Fund name return 1 Ivy International A 15.9 2 Templeton Foreign I 15.0 3 EuroPacific Growth 14.0 4 New Perspective 13.9 5 First Investors Global A 13.8 6 Templeton Growth I 13.5 7 Oppenheimer Global A 12.8 8 T. Rowe Price Intl. Stock 12.6 9 GT Global New Pacific A 12.1 10 Managers Intl. Equity 12.1 11 Smith Barney Intl. Equity A 12.0 12 Templeton World I 11.9 13 Vanguard/Trustees' Eq. Intl. 11.7 14 Nomura Pacific Basin 11.4 15 Scudder International 11.2 16 Vanguard Intl. Growth 11.1 17 United International Growth A 10.9 18 GAM Global 5A 10.8 19 Pilot International Eq. A 10.6 20 Putnam Global Growth A 10.6 21 Schroder International 10.5 22 Kemper International A 10.5 23 Templeton Global Small Co. I 10.5 24 API Growth 10.3 25 GT Global Japan Growth A 10.3 Average overseas fund 10.7 SPECIALTY SIX-MONTH WINNERS % Fund name return 1 Monitrend Gold 53.4 2 Invesco Strat. Gold 44.0 3 IDS Precious Metals A 40.9 4 Scudder Gold 33.0 5 State St. Research Glob. Res. A 32.4 6 Smith Barney Natural Res. A 29.0 7 Hancock Global Resources B 26.7 8 Blanchard Precious Metals 25.9 9 Midas 25.9 10 GT Global Natural Res. A 25.6 11 United Svc. World Gold 25.2 12 Franklin Natural Resources 22.6 13 Fidelity Select-Amer. Gold 22.3 14 Fidelity Select-Retailing 22.0 15 Fidelity Select-Energy Svc. 21.6 16 Van Eck Global Hard Assets A 20.2 17 Fidelity Select-Natural Gas 19.4 18 Franklin Global Health Care 19.1 19 EV Marathon Gold & Nat. Res. 18.5 20 Lindner Utility 17.5 21 Gabelli Gold 17.4 22 Fidelity Adv. Global Research A 17.4 23 First American Technology A 17.3 24 Fidelity Select-Environmental 16.9 25 United Svc. Global Resources 16.7 Average specialty fund 9.5 ONE-YEAR WINNERS % Fund name return 1 Franklin Global Health Care 66.2 2 Dean Witter Health Sciences 56.5 3 IDS Precious Metals A 56.0 4 Monitrend Gold 52.9 5 Medical Research Investment 52.6 6 Invesco Strat. Gold 44.8 7 Invesco Strat. Health Science 43.8 8 Fidelity Select-Energy Svc. 43.7 9 State St. Research Glob. Res. A 43.4 10 Hancock Global Rx A 43.0 11 Fidelity Select-Natural Gas 38.2 12 Vanguard Spec. Health Care 38.0 13 GT Global Health Care A 37.7 14 United Science & Tech A 37.6 15 Scudder Gold 36.9 16 Fidelity Select-Consumer Prod. 36.3 17 GT Global Natural Res. A 35.4 18 Lindner Utility 35.4 19 Putnam Health Sciences A 35.0 20 United Svc. World Gold 34.4 21 Franklin Natural Resources 34.2 22 Fidelity Select-Defense & Aero. 32.2 23 Fidelity Select-Home Finance 32.1 24 Fidelity Select-Medical Del. 32.0 25 Merrill Lynch Healthcare B 31.6 Average specialty fund 21.2 THREE-YEAR WINNERS % Fund name return 1 Fidelity Select-Electronics 34.9 2 Franklin Global Health Care 32.1 3 Fidelity Select-Computers 32.1 4 Alliance Technology A 29.9 5 T. Rowe Price Science & Tech. 29.6 6 Seligman Commun. & Info A 29.6 7 Fidelity Select-Medical Del. 28.7 8 Fidelity Select-Health Care 28.3 9 United Science & Tech. A 28.1 10 Vanguard Spec. Health Care 26.7 11 Fidelity Select-Home Finance 26.5 12 Medical Research Investment 26.4 13 Dean Witter Health Sciences 25.8 14 Hancock Global Rx A 25.6 15 Fidelity Select-Defense & Aero. 24.7 16 Invesco Strat. Health Science 24.1 17 Putnam Health Sciences A 23.7 18 Hancock Global Technology A 23.3 19 Invesco Strat. Technology 23.0 20 Kemper Technology A 22.8 21 IDS Precious Metals A 21.8 22 Fidelity Select-Multimedia 21.1 23 Fidelity Select-Chemicals 20.5 24 Fidelity Select-Technology 20.5 25 Fidelity Select-Develop Comm. 19.8 Average specialty fund 12.2 10-YEAR WINNERS % Fund name return 1 Invesco Strat. Health Science 19.8 2 Invesco Strat. Technology 19.8 3 Seligman Comm. & Info A 19.5 4 Vanguard Spec. Health Care 18.4 5 Fidelity Select-Telecomm. 18.1 6 Fidelity Select-Software & Comp. 18.0 7 Fidelity Select-Home Finance 17.6 8 Fidelity Select-Food & Agr. 17.6 9 Alliance Technology A 17.5 10 Fidelity Select-Multimedia 17.3 11 Hancock Regional Bank B 17.1 12 Fidelity Select-Health Care 17.0 13 United Science & Tech. A 16.9 14 Fidelity Select-Regional Banks 16.5 15 Invesco Strat. Financial Svc. 16.2 16 Invesco Strat. Leisure 15.7 17 Fidelity Select-Medical Delivery 15.5 18 IDS Precious Metals A 15.4 19 Medical Research Investment 15.2 20 Fidelity Select-Computers 15.2 21 PaineWebber Fin. Svc. Gro. A 15.2 22 Fidelity Select-Chemicals 15.2 23 Fidelity Select-Retailing 14.8 24 Fidelity Select-Electronics 14.8 25 Vanguard Spec. Energy 14.8 Average specialty fund 12.2 All data are to July 1, 1996. For telephone numbers and performance data, see the tables that begin on page 96. Note: 1Closed to new investors Source: Morningstar, 800-735-0700 THE TOP-PERFORMING FUNDS TAXABLE BONDS SIX-MONTH WINNERS % Fund name return 1 Bear Stearns Em. Mkt. Debt A 18.9 2 Scudder Emerging Markets Inc. 15.4 3 Alliance Global Dollar Gov. A 14.2 4 Fidelity New Markets Income 14.0 5 Fidelity Adv. Emer. Mkt. A 13.2 6 GT Global High-Income B 12.1 7 Touchstone Income Opp. A 11.6 8 Summit High-Yield Ret. 11.1 9 T. Rowe Price Emer. Mkt. Bond 10.8 10 Rydex Juno 10.8 11 Merrill Lynch Americas Inc. B 10.0 12 Northeast Investors 9.5 13 Northstar Adv. High Tot. Ret. A 9.3 14 Salomon Bros. H/Y Bond B 9.1 15 Value Line Aggressive Income 8.7 16 Oppenheimer Intl. Bond A 8.5 17 Morgan Stanley Worldwide H/I A 8.4 18 State St. Research High-Inc. A 8.3 19 CGM Fixed-Income 8.2 20 PaineWebber High-Income A 7.7 21 BT Investment Glob. H/Y Sec. 7.4 22 IDS Extra Income A 7.4 23 Dean Witter High-Income Sec. 7.1 24 EV Marathon Strategic Income 7.0 25 Buffalo High-Yield 6.9 Average taxable bond fund 0.1 ONE-YEAR WINNERS % Fund name return 1 Bear Stearns Em. Mkt. Debt A 38.4 2 Alliance Global Dollar Gov. A 34.4 3 Scudder Emerging Markets Inc. 34.0 4 Fidelity New Markets Income 33.7 5 Fidelity Adv. Emer. Mkt. A 31.1 6 Merrill Lynch Americas Inc. B 30.9 7 T. Rowe Price Emer. Mkt. Bond 26.8 8 GT Global High-Income B 26.5 9 Touchstone Income Opp. A 25.2 10 Alliance North Am. Gov. Inc. B 23.6 11 Loomis Sayles Global Bond 23.2 12 Value Line Aggressive Income 21.1 13 BT Investment Glob. H/Y Sec. 21.0 14 Summit High-Yield Ret. 20.3 15 Northstar Adv. High Tot. Ret. A 19.7 16 Morgan Stanley Worldwide H/I A 19.6 17 Oppenheimer Intl. Bond A 19.3 18 CGM Fixed-Income 17.4 19 Salomon Bros. High-Yield Bond B 16.9 20 EV Marathon Strategic Income 16.8 21 GT Global Strat. Income A 16.2 22 Northeast Investors 15.4 23 Legg Mason High-Yield 15.4 24 Seligman High-Yield Bond A 14.9 25 IDS Extra Income A 14.8 Average taxable bond fund 5.8 THREE-YEAR WINNERS % Fund name return 1 Northeast Investors 12.5 2 MainStay H/Y Corp. Bond B 12.0 3 Seligman High-Yield Bond A 11.4 4 Loomis Sayles Bond 11.2 5 Benham European Gov. Bond 11.0 6 Bear Stearns Em. Mkt. Debt A 10.9 7 Fidelity Spartan High-Income 10.6 8 CGM Fixed-Income 10.5 9 Value Line Aggressive Income 10.4 10 GT Global High-Income B 10.2 11 Franklin Temp. German Gov. 9.9 12 Fidelity New Markets Income 9.9 13 First Investors Fund for Inc. A 9.7 14 First Investors High-Yield A 9.6 15 Fidelity Adv. High-Yield A 9.6 16 Kemper High-Yield A 9.4 17 Loomis Sayles Global Bond 9.2 18 Franklin AGE High Income I 9.1 19 Colonial High-Yield Sec. A 9.0 20 Executive Investors Hi-Yield 9.0 21 Hotchkis & Wiley Low Dur. 8.9 22 Federated Intl. Income A 8.9 23 State St. Research High-Inc. A 8.9 24 Strong Corporate Bond 8.8 25 Oppenheimer Champion Inc. A 8.7 Average taxable bond fund 4.7 10-YEAR WINNERS % Fund name return 1 Benham Target Maturity 2005 11.4 2 Kemper High-Yield A 11.0 3 Seligman High-Yield Bond A 10.8 4 Benham Target Maturity 2000 10.8 5 AIM High-Yield A 10.7 6 Federated High-Income Bond A 10.6 7 Alliance Bond Corp. Bond A 10.6 8 MainStay Hi-Yield Corp. Bond B 10.4 9 Northeast Investors 10.3 10 Colonial High-Yield Sec. A 10.3 11 Benham Target Maturity 2010 10.2 12 MFS World Governments A 10.2 13 Putnam High Yield Adv. A 10.2 14 Eaton Vance Income of Boston 10.1 15 Putnam High Yield A 10.1 16 Federated High-Yield 10.0 17 FPA New Income 10.0 18 Fidelity Capital & Income 9.9 19 Oppenheimer High-Yield A 9.9 20 Kemper Diversified Income A 9.8 21 Vanguard F/I L/T Corp. Bond 9.6 22 Excelsior Managed Income 9.4 23 Lord Abbett Bond-Debenture 9.4 24 Managers Bond 9.4 25 IDS Extra Income A 9.3 Average taxable bond fund 7.8 TAX-EXEMPT BONDS SIX-MONTH WINNERS % Fund name return 1 59 Wall St. Short-Intm. F/I 1.9 2 Calvert T/F Res. Ltd.-Term A 1.9 3 Davis Tax-Free High Income B 1.7 4 Dreyfus Short-Intm. Muni Bond 1.6 5 Vanguard Muni Short-Term 1.4 6 Strong Short-Term Muni Bond 1.4 7 Overland Exp. Sh.-T. Muni Inc. 1.4 8 USAA Tax-Exempt Short-Term 1.4 9 Federated Short-T. Muni Inst. 1.2 10 Bernstein Short Dur. Div. Muni 1.2 11 Federated Ltd. Term Muni A 1.2 12 Janus Federal Tax-Exempt 1.2 13 20th Century T/E Short-Term 1.1 14 Colonial Short-Term Tax-Exempt 1.0 15 T. Rowe Price T/F Sh.-Intm. 1.0 16 Nations Short-T. Muni Inv. N 1.0 17 Sit Tax-Free Income 1.0 18 Excelsior Short-Term T/E Sec. 1.0 19 Fidelity Spartan Sh.-Intm. Muni 1.0 20 Marshall Short-Term Tax-Free 1.0 21 Merrill Lynch Muni Ltd. Mat. B 1.0 22 United Svc. Near-Term Tax-Free 1.0 23 Vanguard Muni Limited-Term 0.9 24 Fidelity Adv. Sh.-Intm. Muni A 0.9 25 Achievement Sh.-T. Muni Ret. A 0.9 Average tax-exempt bond fund (0.7) ONE-YEAR WINNERS % Fund name return 1 Janus Federal Tax-Exempt 8.4 2 American High-Income Muni Bond 8.3 3 Executive Investors Ins. T/E 7.9 4 Hancock Tax-Free Bond A 7.7 5 Victory National Muni Bond A 7.7 6 Alliance Muni Insured Natl. A 7.6 7 United Municipal Bond A 7.5 8 Vanguard Muni Long-Term 7.4 9 Safeco Insured Muni Bond 7.4 10 Great Hall National Tax-Exempt 7.4 11 United Municipal High-Inc. A 7.3 12 Van Kamp. Am. Cap. H/Y Muni A [1] 7.3 13 IDS Tax-Exempt Bond A 7.3 14 Lord Abbett Natl. T/F Inc. Tr. 7.2 15 Norwest Advant. T/F Income A 7.2 16 Fidelity High-Yield Tax-Free 7.1 17 Smith Barney Managed Munis A 7.1 18 Waddell & Reed Muni Bond B 7.1 19 Nations Muni Income Inv. A 7.0 20 Alliance Muni Income Natl. A 7.0 21 Franklin High Yield T/F Inc. I 7.0 22 Invesco Tax-Free L/T Bond 7.0 23 Vanguard Muni High-Yield 7.0 24 Princor Tax-Exempt Bond A 7.0 25 T. Rowe Price Summit Muni Inc. 7.0 Average tax-exempt bond fund 5.4 THREE-YEAR WINNERS % Fund name return 1 Executive Investors Ins. T/E 6.6 2 Franklin H/Y T/F Income I 6.5 3 United Municipal High-Inc. A 6.4 4 Smith Barney Managed Munis A 6.4 5 STI Classic Inv. Grade T/E Inv. 6.3 6 Excelsior Long-Term Tax-Exempt 6.2 7 Van Kampen Am. Cap H/Y Muni A [1] 6.2 8 Sit Tax-Free Income 5.8 9 Van Kampen Am. Cap. T/F High A 5.8 10 Great Hall National Tax-Exempt 5.7 11 Prairie Municipal Bond A 5.7 12 Franklin Fed Intm.-T. T/F Inc. 5.6 13 Calvert Natl. Muni Intm. A 5.5 14 SteinRoe High-Yield Munis 5.3 15 Calvert T/F Res. Long-Term A 5.3 16 Vanguard Muni High-Yield 5.3 17 Vanguard Muni Long-Term 5.3 18 Thornburg Intm. Muni A 5.2 19 United Municipal Bond A 5.2 20 T. Rowe Price T/F High-Yield 5.2 21 Vanguard Muni Intm.-Term 5.1 22 Smith Barney Muni National A 5.1 23 Fidelity Spartan Agg. Muni 5.1 24 Franklin Fed. Tax-Free Income I 5.1 25 Davis Tax-Free High Income B 5.1 Average tax-exempt bond fund 4.2 10-YEAR WINNERS % Fund name return 1 Excelsior Long-Term Tax-Ex. 10.1 2 Fidelity Aggressive Muni 9.4 3 Smith Barney Managed Munis A 9.0 4 Fidelity Insured Muni Income 8.8 5 United Municipal Bond A 8.7 6 Vanguard Muni High-Yield 8.6 7 Franklin High-Yield T/F Inc. I 8.5 8 Vanguard Muni Long-Term 8.5 9 United Municipal High-Inc. A 8.5 10 Safeco Municipal Bond 8.4 11 Vanguard Muni Insured L/T 8.4 12 T. Rowe Price T/F High-Yield 8.3 13 Kemper Municipal Bond A 8.3 14 SteinRoe Managed Municipals 8.3 15 Scudder Managed Muni Bonds 8.3 16 Eaton Vance Municipal Bond 8.2 17 Lord Abbett T/F Income Natl. 8.1 18 Pioneer Tax-Free Income A 8.1 19 Franklin Fed. Tax-Free Inc. I 8.1 20 MFS Municipal Bond A 8.1 21 SteinRoe High-Yield Munis 8.0 22 Vanguard Muni Intm.-Term 8.0 23 Invesco Tax-Free L/T Bond 8.0 24 Dean Witter Tax-Exempt Sec. 7.9 25 Putnam Tax Exempt Income A 7.9 Average tax-exempt bond fund 7.4 All data are to July 1, 1996. For telephone numbers and performance data, see the tables that begin on page 96. Note: [1]Closed to new investors Source: Morningstar, 800-735-0700 |
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