Fixed income funds are generally split up into four groups according to what type of bonds the fund concentrates in.

  • Corporate Bond Funds.
  • Government Bond Funds.
  • Municipal Bond Funds.
  • Mortgage-Backed Funds.

These groups are in turn split into three sub-categories, according to the life span of the bonds they hold.

  • Short Term (less than 5 years).
  • Intermediate Term (5 to 10 years).
  • Long Term (more than 10 years).