DODLX
DODGE & COX GLOBAL BOND FUND DODGE & COX GLOBAL BOND FUND
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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
Dodge & Cox, a major investing firm, was loading up on Brazilian bonds for their bond portfolios. Brazilian is 3.5% of their global bond fund DODLX https://www.dodgeandcox.com/content/dam/dc/us/en/pdf/investment-commentary/dc_us_investment_commentary_GBF_4Q2022.pdf that doesn't necessarily mean OP should buy Brazilian bonds. but it does show there might be a place for Brazilian debt in some portfolios.
not ETFs, but I would invest in any mutual fund from Dodge & Cox. my job has their US stock fund DODGX and their bond fund DODLX, and I invest in both. my wife's 401k has DODGX and their balanced fund DODBX, so only the balanced fund for her. they are one of the few active management firms that John Bogle praised. he said they were 'investors' and not 'traders'. https://www.mysanantonio.com/business/fool/article/2-Managers-Who-Get-a-Thumbs-Up-From-Jack-Bogle-5311915.php they have lower than average fees, very low turnover for the stocks they hold, are value-leaning, and have a long-term mindset. their employees are required to invest in the funds alongside the general public who buys their funds, so they have major skin in the game. the company has been around since 1931, how many investing companies survived the great depression? is ARKK going to around in 2120 and adhering to the same strategy? DODBX is 91 years old and still using the same strategy as when it was founded. they have a handful of very good funds that long-term have beaten their benchmarks, they don't jump on trends, and have never 'obsoleted' or folded a fund. their CEO's business cards don't say he's the CEO, it just says his name. https://www.nytimes.com/2017/10/13/business/mutfund/dodge-cox-mutual-funds.html
There are lots of target date funds so you'd have to do research on each one to compare the portfolio, the portfolio risk, the expense ratios, etc. I would probably do that with the help of a financial advisor... But if you're uncomfortable with that (fee-based, rather than commission-based, advisors are the way to go), then I would stick to VOO and maybe a bond fund, e.g. DODLX, SCHO or SCHP... and sit on it.