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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Short-Term Bond Funds Serve a Purpose (LALDX, VBIRX, PRWBX) |
24/7 Wall St. - June 27, 2011 - By Paul Ausick
Any positive return from a short-term bond fund offers investors a reason to flee the money market funds which are currently the equivalent of stuffing cash under a mattress. Over the past year or so, however, these short-term investments have profited from prudent plays in lower-rated corporate bonds and asset- and mortgage-backed securities.
Three of the larger short-term bond funds are the Lord Abbett Short Duration Income A Fund (LALDX), the Vanguard Short-Term Bond Index Admiral Shares Fund (VBIRX), and the T. Rowe Price Short-Term Bond Fund(PRWBX). Each follows a different path to steady, if uninspired, returns.
The Lord Abbett Short Duration Income A Fund (LALDX) holds a stake in 776 securities, with about 30% in commercial mortgage-backed securities and about 29% in investment grade corporate bonds. Miners Teck Resources and Freeport-McMoran, DirecTV, General Electric, and fertilizer maker Mosaic Co. are all represented in the fund’s top 10 holdings. The fund does not invest heavily in US Treasuries, preferring instead to rotate sector investments in the short-term bond market. One-year NAV returns total 6.08%, and year-to-date returns total 2.46%. The fund gets a 5-star rating from Morningstar.
The Vanguard Short-Term Bond Index Admiral Shares Fund (VBIRX) seeks to track the Barclays US 1-5 Year Government/Credit Index. Nearly 70% of the fund’s assets are held in US Treasuries and another 23% are held in investment grade bonds. The fund holds no commercial or residential mortgage-backed securities. The one-year return is 3.48%. The funds’ weighting toward US Treasuries means this fund is insulated from a good deal of credit risk and is sensitive to interest rate changes. The fund has a 4-star rating from Morningstar.
Read more: Short-Term Bond Funds Serve a Purpose (LALDX, VBIRX, PRWBX) - 24/7 Wall St. http://247wallst.com/2011/06/27/short-term-bond-funds-serve-a-purpose-laldx-vbirx-prwbx/#ixzz1QaGDUVB8
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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