This article originally appeared in Morningstar Direct Cloud and Morningstar Office Cloud.
At the beginning of May, we rolled out two new bond Morningstar Categories, splitting up the intermediate-bond category--the largest fund category by assets--into intermediate core bond and intermediate core-plus bond. As the "core" element of their names suggests, these funds often act as the foundation for investors' fixed-income portfolios.
Tom Lauricella does not own shares in any of the securities mentioned above.
Gabrielle Dibenedetto does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.