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