I believe that active managers can bring value to the bond fund arena and I've done well with Pimco Income (PIMIX) as a core bond holding over the years. PIMIX has done poorly recently and index funds, such as Vanguard Total Bond (BND) have done well.
I almost purchased AlphaCentric Bond (IOFIX), but it seemed too good to be true and we all know what happened there. Guggenheim Total Return (GIBIX) has done consistently well, but its manager seems to be a little unconventional with investing ideas. I don't think GIBIX will become the next IOFIX, but I'm wondering how much longer GIBIX can continue to outperform. Performance Trust (PTIAX) also seems like it might be a good choice.
Although I don't like to make sector bets (even in the bond market), I'd like to consider active managers and not just a plain vanilla bond index fund.
Any ideas? Thanks!