This article is part of Morningstar's Guide to Passive Investing special report.
Stock market valuations aren't cheap, portending muted valuations from the asset class over the next decade. Bond yields have historically been a good predictor of what fixed-income assets will return over the next decade; while trending up, those yields are still pretty low.
Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.