IShares Intermediate Government/Credit Bond ETF GVI provides market-valueweighted exposure to the nonsecuritized segments of the U.S. aggregate bond market. While the fund’s tilt toward Treasuries will likely help the fund provide a smoother ride than most of its peers in the core bond Morningstar Category, it will also likely limit returns and risk-adjusted performance. As a result, the fund has been downgraded to a Morningstar Analyst Rating of Neutral from Bronze.
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.