FYI: Funds in the intermediate-term bond Morningstar Category are a favorite among investors: According to our latest fund flows report, these funds raked in $15.5 billion in assets last month. Moreover, intermediate-term bond funds as a group boast $1.47 trillion in assets, making the category the third largest behind large-growth and large-blend.
The elite status makes sense: By dedicating a sizable chunk of your fixed-income allocation to such funds, your portfolio will be better positioned to withstand bond-market shocks from interest-rate increases or credit-quality scares. Plus, you'll get the diversification benefits that bonds can offer an equity-heavy portfolio.
Regards,
Ted
https://www.morningstar.com/articles/920001/11-great-core-bond-funds.html
