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OCR: THE VTAL STATS NO OUR 11 BOND FUND CATEGORIES orbonds eateson malurity raledp d by voi atilty] Valatillty Ingoars prboite What they buy High-yield Very A9 16 "High-yielding corporate boxds corporates hich usuall investment Conver thles Hight 12.1 22 c Hybrid securities that are con- vertible into common stocks Word income Hih Government and corporate bonds issued in the U.S pue Flexible lncome High 12.3 44.6 Amix of bonds preferreds vertibler pue stack J.S. Goveriment Average 15.9 99.5 Bonds issued the Treasunv or bonds other U.S agencies 10.3 Average Carporate bonds rated BBBor corporates better HIgh-grade Average 21.0 6.0 Municipal bands rated BBBo tax-exempts better High-vield Average 20.6 34. Lov-rated high-yielding munici- tax-exempts na bonds Mortgage -backed 10.0 Low 18.8 99.1 Secur ...