IShares Intermediate Government/Credit Bond ETF GVI provides market-value-weighted exposure to the nonsecuritized segments of the U.S. investment-grade bond market. Relative to its intermediate core bond Morningstar Category peers the strategy tilts heavily toward U.S. Treasury bonds. This hinders its ability to provide attractive risk-adjusted performance over the full market cycle, as the fund it will struggle to keep pace when credit risk is rewarded. The fund earns a Morningstar Analyst Rating of Neutral.
Will GVI outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable GVI’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the GVI management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of GVI’s parent organization’s priorities and whether they’re in line with investors’ interests.