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This Cheap Short-Term Bond Fund Can Reduce Portfolio Risk

Adam McCullough, CFA (adam.mccullough@morningstar.com)

Bonds can reduce risk in an investment portfolio. This is a solid option for low-cost, efficient exposure to U.S. short-term investment-grade corporate bonds. Its conservative strategy keeps credit and interest-rate risk low and has a durable cost advantage over Morningstar Category peers.