Long-term bond portfolios invest primarily in corporate and other investment-grade U.S. fixed-income issues and have durations of more than six years (or, if duration is unavailable, average effective maturities greater than 10 years). Due to their long durations, these portfolios are exposed to greater interest rate risk.
Abbreviation: CL
Broad Asset Class: Taxable Bond
Primary Index: Barclays Aggregate Bond
Secondary Index: Barclays Long Govt/Credit Bond