Many Morningstar.com respondents are banking on active management to deliver the goods in the years ahead.
Morningstar's director of fixed-income research offers a checklist for specialty bond shoppers and a few of his personal favorites among the noncore categories.
Is the extra income still worth it?
With yield spreads back to pre-crisis levels, there is less room for error in the high-yield market today, says Morningstar director of fixed-income research Eric Jacobson.
Although the default picture has improved in high yield, junk bonds could still get clocked if the economy falters or we face a double-dip recession, says Morningstar's Eric Jacobson.
How to figure out if your fund has turned the corner.
How the 10 biggest bond-fund managers stack up.
These three funds offer good long-term value in an attractive total package.