Kiplinger

Buy These Free-Range Bond Funds

I promised to discuss bond funds whose managers aren't hemmed in by allegiance to an index or the ultraconservative viewpoint that Treasury bonds and notes are the center of the universe. As I wrote, I dislike such stolid holdings as total bond market exchange-traded funds and funds designed to replicate the Bloomberg Barclays Aggregate Bond index--which is 42% Treasuries and includes no municipals, high-yield

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