: Despite rising rates, long-term U.S. Treasury bonds returned 8.5%, significantly outpacing short-term bonds, which returned only 0.7%.

: Recommended for its ability to navigate rising rates by holding asset-backed bonds, such as private mortgages.

: 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%.

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