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Finance Dictionary and Glossary of Investment Terms
Intermediate-Term Government
Definition 1.
A Morningstar category for taxable bond funds with at least 80% of their bond portfolio invested in intermediate-term government bonds. These bonds have an average duration from 3.5 to 6 years or an average effective maturity from 4 to 10 years. To be classified as a bond fund by Morningstar, a fund must invest at least 70% of its assets in bonds.
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