Rowe Price Summit Municipal Intermediate Fund and the Fidelity Intermediate Municipal Income Fund, Ms. Benz says.

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As yields rose in January, I reduced my exposure to intermediate-term bonds in favor of bond funds like PIMCO Income (PONDX) and Osterweis Strategic Income (OSTIX), which have a broader spectrum of fixed-income that they can invest in.

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Consider alternative investments for your intermediate-term goals like short-term bond funds, municipal bond funds or income funds that include dividend-paying stocks in the mix but watch for bonds with long maturities.

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