We search for sturdy core funds to provide fixed-income and equity exposure.
Our yield-focused portfolio delivers a lumpy cash flow.
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.