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Morningstar Rethinks A Major Bond Fund Category That Lost Its Way

FYI: Fund names aren’t supposed to be too creative or cute: In fact, by law, a fund’s name must reflect what it owns. But in the case of bond funds, it isn’t always easy to discern what’s in a portfolio from its name.

That’s in large part why Morningstar recently changed the way it classifies “intermediate-term bond funds,” which own mostly investment-grade securities maturing in five to 10 years.
Regards,
Ted
https://www.barrons.com/articles/morningstar-rethinks-a-major-bond-fund-category-that-lost-its-way-51557489601?refsec=bonds
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