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Morningstar sets out details of new bond fund categories
Intermediate bond funds will be divided into intermediate core and intermediate core plus categories on April 30th. Funds in the core category will hold less than 5% in junk bonds.
This makes sense to me, both because the intermediate term bond fund category has a lot of funds in it, and because there's a difference between the two types of funds. I'm not sure Morningstar has the dividing line right, but it's a good start.
