The average for intermediate funds was 9.03percentt.
London-based cab price comparison and booking startup Kabbee has raised $3.25 million in an intermediate funding round, led by Samos Investments, with "significant contributions" from Pentland Group and Redbus Group.
There is also a feeling among European officials that Cyprus could be a lax offshore jurisdiction that intermediates funds of dubious origins.
Even investment-grade bond funds require scrutiny — a lesson taught last year, when the average intermediate-term fund lost nearly 5percentt while the main benchmark, the Barclays Capital aggregate index, gained a bit over 5percentt, according to Morningstar.
Its turnover rate was only 62percentt in the year ended in May, compared with 188percentt for the intermediate bond fund category, according to Morningstar.
Dalpiaz suggests going with a short to intermediate bond fund.
Neuberger Berman California Intermediate Municipal Fund (14, NBW), for example, sells at a 3.6% discount to its net asset value.
New £50m Intermediate Care Fund to help integrate health, social services and housing, so people can stay in their own homes and relieve pressures on other services.
Its draft budget for 2014-15 includes plans for a £50m intermediate care fund to support people to remain in their own home, as well as ensuring beds are available for those people who really need them.
Among the subadvisers for the AMR funds is Barrow, Hanley, Mewhinney & Strauss, for its intermediate bond funds; the Barrow firm also manages some Vanguard funds.
