Low yields, a spotty corporate market and long-term fixed income outpacing short-term have in the facing of rising interest rates have all contributed to a difficult environment for bond fund managers.

Nonetheless, Morningstar recently rated the top 24 fixed-income mutual funds of the past year. Making the cut were PIMCO Total Return, Loomis Sayles Bond, Western Asset Core Bond, T. Rowe Price High Yield, TCW Galileo Total Return, the Metropolitan West Total Return funds and two Vanguard municipal funds, Associated Press reports.

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