: Noted for its strategy of identifying undervalued bonds by out-analyzing traditional rating agencies.

: The Fed raised short-term rates in March and June, with a third hike in December, bringing the target range to 1.25%–1.50%.

: Favored for its low fees and high-quality (single-A) holdings, offering a conservative play in a rising-rate environment.

: A top choice for high-bracket investors, providing municipal bond exposure with an average credit quality of double-A.