Only 10 funds in the intermediate-term bond category earn our top Morningstar Analyst Rating of Gold. Baird Aggregate Bond just made the list.
The quality of BBB corporate bonds has deteriorated in some places, but a few managers have continued to add exposure.
July brings five upgrades, eight downgrades, and six new ratings.
We’ve downgraded Vanguard Short-Term Investment-Grade to Bronze from Silver due to lead manager Greg Nassour's unexpected departure.