Intermediate-term bond portfolios invest primarily in corporate and other investment-grade U.S. fixed-income issues and have durations of 3.5 to six years (or, if duration is unavailable, average effective maturities of four to 10 years). These portfolios are less sensitive to interest rates, and therefore less volatile, than portfolios that have longer durations.
Abbreviation: CI
Broad Asset Class: Taxable Bond
Primary Index: Barclays Aggregate Bond
Secondary Index: Barclays 5-10 Year Govt/Credit Bond