Neither income-centric nor strictly total return, a hybrid distribution approach charts a steady course for our retirement bucket portfolio.
Some supposedly staid allocation funds have ventured down the credit-quality ladder.
Equity holdings perform well, while inflation hedges lag.
Retirees should think twice before adding foreign-currency-denominated bonds, dedicated emerging-markets funds, and alternatives to their portfolios, says Morningstar's Christine Benz.
Retired investors with a stomach for more risk might consider easing into these funds, says Morningstar's Christine Benz.
For a small category, the world-bond group features a confusing array of choices.
A handful of intermediate-bond funds are among the best in their category while having lower sensitivity to rate movements.