Saturday's Wall Street Journal writes "Bond Funds: The Downside". It says, "Short-term bond funds are booming, but they aren't as safe as you might think. The actively managed mutual funds are generally considered less risky than other types of bond funds. That is because the short-term funds invest largely in high-quality corporate and government securities that typically mature in three to five years. Since the bonds have a shorter duration, the funds are less exposed to interest-rate risk and generally less volatile. But during the past three years, short-term bond funds have been loading up on riskier securities.... Short-term bond funds have seen net inflows -- the total amount of investor money flowing in and out of the funds -- of $36.5 billion this year through Nov. 30, beating out intermediate-term bond funds as the most popular category of mutual funds."