Note: This article is part of Morningstar's May 2016 Risk Management Boot Camp special report.
High-quality bond funds. It's hard to get overly excited when the topic comes up. Bond yields have been so low for the past few years that it has given way to debate about what purpose they should serve in a portfolio: whether they are for income, or simply for diversification of equity risk and downside protection in one's portfolio.
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Karen Wallace does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.