Morningstar Rating

ETF Research and Analysis

by John Gabriel
For core fixed-income exposure, it doesn't get any cheaper than Schwab U.S. Aggregate Bond SCHZ. This broadly diversified fund of U.S. investment-grade bonds can serve as the anchor for the fixed-income slice of investors'   Read more 

Bull Case

This is the cheapest aggregate bond fund available.
The fund is made up of high-quality government, securitized, and corporate bonds.
The fund's rock-bottom expense ratio gives it a leg up over its actively managed peers. Read more 

Bear Case

The fund’s heavy exposure to government- and government-related-bonds reduces its yield relative to corporate and mortgage funds.
The fund's longer duration than the category average could hurt its performance if interest rates rise. Read more 

Kinniry: A Double Hurdle for Tactical Asset Allocation 
Watch more 

Premium Membership

View all of our analyst reports with a free trial to Premium.