BFFAX

zeppo_shemp

there are different types of bonds and bond funds, so the answer sort of depends on your goals and timelines. SWAGX is an 'aggregate bond index fund' meaning it's intended to represent a broad sampling of the investment-grade US bond market, both government and corporate. and it's got a mix of short-term and longer-term bonds. interest rate changes can wreck bonds, and the effect is stronger on long-term bonds. so when over 20% of the SWAGX portfolio is in medium to long-term bonds, that makes this fund more susceptible to interest rate changes. https://www.schwabassetmanagement.com/resource/swagx-fact-sheet if the goal is to stabilize the portfolio, might want to add or change to a shorter-term bond fund. these are less susceptible to interest rate changes. there's also a lot more data showing active management is more effective with bonds than with stocks. bond indexes are weird. but look at good active bond funds like DODLX, PRVBX or BFFAX and they've had much better 10-year performance than their indexes. https://www.dodgeandcox.com/content/dam/dc/us/en/pdf/fact-sheets/Dodge_Cox_Global_Bond_Fund_Fact_Sheet_I.pdf https://permanentportfoliofunds.com/pdf/PRVBX.pdf https://www.capitalgroup.com/advisor/pdf/shareholder/mff3ssx-008_bfaf3ffs.pdf