Investing and Money Glossary, terms and definitions.

Intermediate-Term Government

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.