Fears of rising rates have driven large flows to the category, but investors must take care to not eliminate the 'insurance' that core fixed-income funds offer.
The big names in this category have more to prove before we can fully recommend them, says Morningstar's Eric Jacobson.
Portfolio sprawl, portfolio neglect, life events, and the transition to retirement are big signals that investors should get under the hood of their portfolios.
Investors looking to upgrade, diversify, and simplify their portfolios can start here, says Morningstar's Christine Benz.
GAP's focus on organic growth takes advantage of its wide moat.
The rate at which yields rise with maturities can be a key issue for bond investors.
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