Treasury yields from 7 to 30 years out trade at or above 3%, a day after Fed delivers half-point rate hike ...

The fund’s credit profile as a result tends to look tame relative to more aggressive short-term bond Morningstar Category peers. The hunt for value even extends to yield-curve positioning ...

Corporate credit is usually the largest allocation in core-plus bond peers, while this fund owns none, and corporates have weathered the inflation and interest-rate tsunami better than mortgages.