Fidelity Municipal Income and T. Rowe Price Tax-Free High Yield hold up well when muni markets head south.
Passive funds continued to attract investor dollars in July, but active management is still preferred for overseas exposure.
Retired investors with a stomach for more risk might consider easing into these funds, says Morningstar's Christine Benz.
Investors have been putting money back into bond funds as interest rates have unexpectedly dropped this year.
This mild portfolio is geared toward conservative investors with 10-year time horizons.
For a small category, the world-bond group features a confusing array of choices.
Jonathan Baum, the chairman and CEO of Dreyfus, resigned from the firm on Monday, Jan. 21, to pursue other interests, Morningstar reports.
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