FYI: Almost five years ago, we launched our non-traditional-bond Morningstar Category to create a more useful classification for the deluge of new bond funds following the global financial crisis. These funds gave active bond managers a wide degree of latitude to invest across global fixed-income sectors. Many of these funds promised investors an attractive absolute return stream uncorrelated to traditional markets, but they are most often positioned as substitutes to traditional core-bond funds that are designed to protect investors from the looming risk of rising rates.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=755759M* Nontraditional Bond Fund REeturns:
http://news.morningstar.com/fund-category-returns/nontraditional-bond/$FOCA$NT.aspx
