Bonds are subject to availability and price change. Minimum purchases may apply. Information as of 4/16/12. Yields represent yield to maturity or yield to worst call as indicated. Prices and yields are subject to change based upon market conditions and availability. A credit rating of a security is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency. Ratings do not remove market risk.

Credit quality ratings are assigned by Moody's Investor Service and Standard & Poor's. See table below for a description of the various ratings

Insurance, if specified, relates to the timely payment of principal and interest. Insurance does not guarantee market value or protect against fluctuations in bond prices. No representation is made as to the insurer's ability to meet its financial commitments.

Interest from tax-free municipal bonds is generally exempt from federal taxation and may also be free of state and local taxes for investors residing in the state and/or locality where the bonds were issued. However, bonds may be subject to the federal alternative minimum tax (AMT), and profits and losses on tax-free bonds may be subject to capital gains tax treatment. Interest from taxable zero coupon securities is subject to annual taxation as ordinary income, even though no income is received.

High-yield bonds are not suitable for all investors. The risk of default may increase due to changes in the issuer's credit quality. Price changes may occur due to changes in interest rates and the liquidity of the bond. When appropriate, these bonds should only comprise a modest portion of your portfolio.

Certain early redemption features, such as a call at issuer's option, provide the issuer an option to repay principal prior to maturity and may change the term of the investment. If bonds are sold prior to maturity, proceeds may be more or less than the initial investment due to market fluctuations. There is an inverse relationship between interest rate movements and fixed income prices. Generally, when interest rates rise, fixed income prices fall and when interest rates fall, fixed income prices generally rise. Investing involves risk and investors may incur a profit or a loss.