(MONEY Magazine) - Below are the latest results for 275 of the most important bond funds, including how the funds have performed against their peers (see page 90 for peer-group abbreviations). Each fund is available for a minimum investment of $25,000 or less, has assets of at least $800 million (as of Oct. 31) and has been operating since at least Jan. 1, 2005.

• YIELD The average over the past 12 months.

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• EXPENSES The percentage of fund assets that go toward annual operating expenses, including management fees, 12b-1 fees and other asset-based costs.

COMPANY/FUND NAME / % 2005 RETURN

• > AIM High Yield A / 1.9

• > AllianceBernstein Americas Gov. Inc. A / 8.7

Bernstein California Municipal / 1.2

Bernstein Diversified Municipal / 1.1

Bernstein Intermediate Duration / 2.0

Bernstein New York Municipal / 1.3

Municipal Income California A / 4.2

• > American Century Ginnie Mae Inv. / 2.3

Inflation-Adjusted Bond Inv. / 1.6

International Bond Inv. / -7.5

Short-Term Government Inv. / 1.5

• > American Funds American H/I Muni Bond A / 4.2

American High-Income Trust A / 3.3

Bond Fund of America A / 1.6

Capital World Bond A / -2.8

Intermediate Bond Fund of America A / 1.4

Limited Term Tax-Exempt Bond Fund of America A / 1.2

Tax-Exempt Bond Fund of America A / 2.8

Tax-Exempt Fund of California A / 3.2

U.S. Government Securities A / 1.8

• > BlackRock Core Bond Total Return Inv. A / 1.6

High Yield Bond Inv. A / 3.1

Intermediate Bond Inv. A / 0.7

Low Duration Bond Inv. A / 1.2

• > Calvert Income A / 3.0

Tax-Free Reserves Limited-Term A / 1.9

• > Columbia Conservative High Yield Z / 2.3

Core Bond Z / 1.4

Federal Securities A / 1.7

High Income B / 0.5

Intermediate Bond Z / 1.8

Intermediate Core Bond A / 0.7

Intermediate Municipal Bond Z / 1.4

Short Term Bond A / 1.5

Strategic Income A / 1.0

Tax-Exempt A / 3.1

Total Return Bond A / 1.2

• > Delaware Diversified Income A / -0.9

• > Dodge & Cox Income / 1.7

• > Dreyfus GNMA / 2.1

Intermediate Municipal Bond / 1.4

Municipal Bond / 3.2

New York Tax Exempt Bond / 2.3

Premier California Tax Exempt Bond Z / 3.4

• > Eaton Vance Floating-Rate A / 4.1

Floating-Rate & High Income Adv. / 4.0

Income Fund of Boston / 3.3

National Municipals A / 7.0

• > Elfun Tax-Exempt Income / 3.0

• > Evergreen Adjustable Rate C / 1.2

• > Evergreen Core Bond A / 1.6

High Yield Bond A / 0.6

International Bond A / -7.3

Municipal Bond A / 3.1

Pennsylvania Municipal A / 2.2

Short Intermediate Bond A / 1.1

• > Federated Bond A / 1.3

Fund for U.S. Government Securities A / 1.5

High Income Bond A / 2.0

Strategic Income B / 1.8

Total Return Bond SS / 1.5

• > Fidelity Advisor Government Investment T / 1.5

Advisor High Income Advantage T / 3.9

Advisor Intermediate Bond T / 1.1

Advisor Short Fixed-Income T / 1.6

Advisor Strategic Income T / 2.4

California Municipal Income / 3.0

Capital & Income / 4.6

Floating Rate High Income / 4.0

Ginnie Mae / 2.2

Government Income / 1.9

High Income / 3.0

Inflation-Protected Bond / 1.3

Intermediate Bond / 1.4

Intermediate Government Income / 1.1

Intermediate Municipal Income / 2.0

Investment Grade Bond / 2.1

Massachusetts Municipal Income / 3.0

Mortgage Securities / 2.1

Municipal Income / 3.1

New Markets Income / 10.0

New York Municipal Income / 2.4

Short-Intermediate Municipal Income / 0.8

Short-Term Bond / 1.9

Spartan Government Income / 1.9

Spartan Investment Grade Bond / 2.1

Strategic Income / 2.7

Ultra-Short Bond / 2.8

• > First American Core Bond A / 1.6

Intermediate Term Bond A / 1.1

• > FPA New Income / 1.4

• > Franklin AGE High Income A / 2.9

Arizona Tax-Free Income A / 2.7

California High Yield Municipal A / 6.0

California Insured Tax-Free Income A / 3.8

California Tax-Free Income A / 4.5

Federal Tax-Free Income A / 3.7

Floating Rate Daily Access A / 4.0

Florida Tax-Free Income A / 3.4

High Yield Tax-Free Income A / 4.6

Insured Tax-Free Income A / 3.3

Michigan Insured Tax-Free Income A / 3.4

New Jersey Tax-Free Income A / 3.8

New York Tax-Free Income A / 3.3

Ohio Insured Tax-Free Income A / 3.3

Pennsylvania Tax-Free Income A / 3.5

Strategic Income A / 1.2

Templeton Global Bond A / -2.9

U.S. Government Securities A / 2.1

• > Gartmore Bond Index A / 1.3

• > Goldman Sachs Core Fixed Income A / 1.9

Government Income A / 1.7

High Yield A / 3.0

High Yield Municipal A / 6.3

Short Duration Government A / 1.0

Ultra-Short Duration Government A / 2.3

• > Harbor Bond Instl. / 2.0

• > Hartford Inflation Plus A / 1.1

• > ING Intermediate Bond A / 2.2

• > Janus Flexible Bond / 1.3

• > JennisonDryden Government Income A / 1.6

High Yield A / 2.7

• > John Hancock Bond A / 1.8

Strategic Income A / 2.1

• > J.P. Morgan Core Bond A / 1.5

• > J.P. Morgan Core Plus Bond A / 1.9

Government Bond A / 2.5

High Yield Bond A / 2.3

Intermediate Bond A / 1.4

Intermediate Tax Free Bond A / 0.9

Municipal Income A / 1.5

Short Duration Bond A / 1.4

Tax Free Bond A / 1.7

Ultra Short Term Bond C / 1.8

• > Loomis Sayles Bond Retail / 3.5

Global Bond Retail / -4.3

Strategic Income A / 2.7

• > Lord Abbett Bond-Debenture A / 1.4

U.S. Gov. & Gov. Sponsored Enterprises A / 1.7

• > MainStay High Yield Corporate Bond B / 1.9

• > Managers Fremont Bond / 2.4

• > Merrill Lynch Core Bond A / 1.3

High Income A / 1.0

Municipal Bond Insured A / 3.0

Municipal Bond National A / 3.7

U.S. Government A / 1.3

• > Metropolitan West Total Return Bond M / 2.8

• > MFS Bond A / 1.2

Government Securities A / 1.8

High Income A / 1.8

Municipal Bond A / 2.7

Municipal High Income A / 5.8

Research Bond A / 1.6

• > Morgan Stanley Tax-Exempt Securities Trust A / 2.7

U.S. Government Securities Trust A / 2.9

• > Northeast Investors Trust / 1.8

• > Northern High Yield Fixed Income / 1.3

• > Nuveen High Yield Municipal Bond A / 7.2

Insured Municipal Bond A / 2.4

Intermediate Duration Municipal Bond A / 2.3

Limited Term Municipal Bond A / 0.9

• > Oppenheimer AMT-Free Municipals A / 7.0

California Municipal A / 10.1

Champion Income A / 2.4

Core Bond A / 1.8

High Yield A / 2.3

International Bond A / 3.5

Limited Term Government A / 1.4

Limited Term Municipal A / 6.5

Limited Term New York Municipal A / 4.7

Rochester Fund Municipals A / 7.9

Rochester National Municipal A / 8.8

Strategic Income A / 3.8

U.S. Government Trust A / 1.7

• > Phoenix Multi-Sector Short Term Bond A / 1.2

• > Pimco Diversified Income C / 3.9

Emerging Markets Bond A / 9.9

Floating Income A / 4.8

Foreign Bond (Unhedged) A / -8.7

Foreign Bond (U.S. Dollar-Hedged) A / 4.6

High Yield A / 3.8

Long-Term U.S. Government A / 3.1

Low Duration A / 0.9

Real Return A / 1.4

Short-Term A / 2.3

Total Return A / 1.9

• > Pioneer Bond A / 1.8

High Yield A / 2.2

Strategic Income A / 2.0

• > Principal Investors Bond & Mortgage Sec. J / 1.3

• > Putnam American Government Income A / 0.7

California Tax Exempt Income A / 2.9

Diversified Income M / 2.5

High Yield Advantage A / 2.8

High Yield Trust A / 3.2

Income A / 1.7

New York Tax Exempt Income A / 2.5

Tax Exempt Income A / 2.7

Tax-Free High Yield A / 5.4

U.S. Government Income Trust A / 1.7

• > Regions Morgan Keegan Select H/I A / 7.5

• > RiverSource Diversified Bond A / 1.7

High Yield Bond A / 4.0

Short Duration U.S. Government A / 1.2

Tax-Exempt High Income A / 2.1

• > Russell Diversified Bond C / 0.4

Multistrategy Bond C / 0.8

Short Duration Bond C / 0.3

• > Schwab Total Bond Market / 2.1

YieldPlus Investor / 3.1

• > Scudder California Tax-Free Income A / 2.7

Fixed Income A / 1.8

GNMA AARP / 2.3

High Income A / 3.6

High Yield Tax-Free S / 5.0

Managed Municipal Bond A / 2.8

Short Term Bond S / 1.6

U.S. Government Securities A / 1.9

• > Smith Barney California Municipals A / 2.9

Core Plus Bond A / 1.0

Diversified Strategic Income A / 2.9

High Income A / 2.3

Investment Grade Bond A / 0.7

Managed Municipals A / 3.0

• > STI Classic Seix High Yield A / 2.2

• > T. Rowe Price GNMA / 2.2

High Yield / 3.1

International Bond / -7.5

Maryland Tax-Free Bond / 2.7

New Income / 2.3

Short-Term Bond / 1.6

Spectrum Income / 2.0

Tax-Free High Yield / 5.6

Tax-Free Income / 3.1

• > Thornburg Limited Term Municipal A / 0.9

• > Thrivent Municipal Bond A / 2.5

• > USAA Income / 2.5

Tax Exempt Intermediate-Term / 2.4

Tax Exempt Long-Term / 3.1

Tax Exempt Short-Term / 1.6

• > Van Kampen Government Securities A / 2.4

High Yield Municipal A / 7.0

Insured Tax Free Income A / 2.8

Strategic Municipal Income A / 6.0

U.S. Mortgage A / 2.0

• > Vanguard CA Intm.-Term Tax-Exempt Inv. / 1.3

CA Long-Term Tax-Exempt Inv. / 3.0

Florida Long-Term Tax-Exempt Inv. / 1.9

GNMA Inv. / 2.7

High-Yield Corporate Inv. / 2.3

High-Yield Tax-Exempt Inv. / 3.6

Inflation Protected Securities Inv. / 1.8

Insured Long-Term Tax-Exempt Inv. / 2.6

Intermediate-Term Bond Index Inv. / 1.1

Intermediate-Term Investment-Grade Inv. / 1.4

Intermediate-Term Tax-Exempt Inv. / 1.7

Intermediate-Term Treasury Inv. / 1.7

Limited-Term Tax-Exempt Inv. / 0.9

Long-Term Bond Index Inv. / 3.6

Long-Term Investment-Grade Inv. / 3.3

Long-Term Tax-Exempt Inv. / 2.4

Long-Term Treasury Inv. / 4.9

New Jersey Long-Term Tax-Exempt Inv. / 2.0

New York Long-Term Tax-Exempt Inv. / 2.0

Pennsylvania Long-Term Tax-Exempt Inv. / 2.1

Short-Term Bond Index Inv. / 1.1

Short-Term Federal Inv. / 1.5

Short-Term Investment-Grade Inv. / 2.0

Short-Term Tax-Exempt Inv. / 1.5

Short-Term Treasury Inv. / 1.6

Total Bond Market Index Inv. / 1.8

• > Waddell & Reed Advisors High Income A / 1.7

• > Wells Fargo Advantage Government Sec. Inv. / 1.8

Total Return Bond A / 1.5

Ultra Short-Term Income Inv. / 3.3

SOURCE: Lipper, New York; 877-955-4773.