Fund performance

The lineup of exclusively short-duration fixed-income products, taxable and municipal, still managed an overall gain.

The top 20 performers nearly doubled the gains of their peers over the period.

These 20 mutual funds and ETFs here are home to roughly $45 billion in assets.

The top 20 more than doubled the gains of their fixed-income industry peers.

David Hammer, vice president and head of municipal bond portfolio management at PIMCO, discusses munis' historic year in terms of performance and inflows and breaks down what makes muni so attractive. This podcast, recorded in September, is hosted by Aaron Weitzman.

Continued selling would put more pressure on an already burdened secondary market.