Short-Term Bond Category

Short-term bond portfolios invest primarily in corporate and other investment-grade U.S. fixed-income issues and have durations of one to 3.5 years (or, if duration is unavailable, average effective maturities of one to four years). These portfolios are attractive to fairly conservative investors, because they are less sensitive to interest rates than portfolios with longer durations.

Abbreviation: CS

Broad Asset Class: Taxable Bond

Primary Index: Barclays Aggregate Bond

Secondary Index: Barclays 1-5 Year Govt/Credit Bond