FYI: The intermediate-term bond Morningstar Category long ranked as the largest of the fixed-income categories, home to funds that invested primarily in investment-grade fixed-income debt and had durations (a measure of interest-rate sensitivity) that landed in the intermediate-term range. Effective April 30, 2019, we retired the intermediate-term bond category and introduced two new categories: intermediate core bond and intermediate core-plus bond. With a few exceptions, funds that previously landed in the intermediate-term bond category are now assigned to one of these two new categories. The following Q&A provides some background on the changes.
Regards,
Ted
https://www.morningstar.com/articles/926636/introducing-two-new-morningstar-bond-categories.html
