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TYD - What Happened To My Intermediate Term Bond Fund?
Direxion Daily 10-Yr Treasury Bull 3x Shrs
Morningstar recently made changes to its Intermediate Term Bond Fund Category. Matt explains the change and what it means for your portfolio.
Fund categories play an important role for portfolio builders by helping them know what they own and also set expectations for risk and returns.
Investors looking for a bond fund for the core of their portfolio historically chose funds included in the Morningstar Intermediate-Term Bond category. This included bond funds that invested across a range of fixed income asset classes, had an intermediate duration (around five to six years) and were benchmarked to