It's a bondpicker's market out there, both at home and abroad, and investors need to know where to look to find value, says Robert Tipp, portfolio manager for the Prudential Total Return Bond Fund (PDBAX - Get Report) . The Prudential Total Return Bond Fund is up 44 basis points thus far in 2016, according to Morningstar.

The $19.9 billion fund has returned an average of 3.4% annually over the past five years, outpacing 90% of its rivals in Morningstar's intermediate-term bond fund category.