A chart shows the average monthly difference in returns from the following Morningstar fund categories: Short-Term, Intermediate Core, Intermediate Core-Plus, High Yield, and Multisector. The difference is not significant for those five fund categories regarding prepayment factor. The difference is minimal for term factor, with observations ranging from –1 basis point for High Yield to +3 basis points for Intermediate Core. The difference is consistently positive for the default factor, with observations ranging from 1 basis point for Short-Term to 10 basis points for Multisector.