Morningstar Magazine - February/March 2017 - 6


Contributors

Magazine

Sarah Bush

Laura Lallos

W. Case Jernigan

Bond markets roiled investors in 2016, and
fixed-income funds saw outflows toward the end
of the year, in an abrupt about-face. The only
thing certain today is that more uncertainty lies
ahead. Sarah Bush has an excellent vantage point
from which to survey the landscape. Bush
is a director of manager research at Morningstar
Research Services, where she oversees the
North America fixed-income team. Her role gives
her insight into some of the best-known names in
the business. In "Bond Market Bumps Ahead"
(Page 70), Bush talks to three fixed-income icons,
all portfolio managers of Morningstar Medalist
funds and past recipients of the Morningstar FixedIncome Manager of the Year award. They share
their perspective on inflation and interestrate expectations, threats to global economies,
high corporate leverage, and unpredictable policy
changes from a new administration.

With this issue, Laura Lallos joins the Morningstar
magazine team as managing editor, bringing
both investment research and magazine
experience to the role. Lallos has a long history
at Morningstar, beginning her career here
in 1993 as part of an early wave of analyst hires
as the company was rapidly expanding its research
capability. She rose to senior analyst and editor
positions in manager research before leaving
to take a senior writer position at Money magazine.
While earning a law degree, she continued to
freelance for Money and other financial
publications, including this one. In fact, she
contributed an Undiscovered Managers
profile in the first issue, 10 years ago. She returned
to Morningstar in 2012 as a senior analyst.

New York-based illustrator Case Jernigan says
that cities come and go in his work. "I'm not sure
if it's a direct reaction to my surroundings, or
if it's more related to the emptiness and fullness
found in big cities," he says. For our issue,
they make an appearance. "I approached the
project thinking about structure-the flatness, the
two-dimensional structures of the buildings
on the cover. The splash features angular and
faceted structures stretching back and forth and
out of the image. The transition shows growth, but
also a change in vantage point and space."

Editor-in-Chief Jerry Kerns
Managing Editor Laura Lallos
Editorial Board David Blanchett, Joel Bloomer, Heather Brilliant,
Andrew Carter, Elizabeth Collins, Scott Cooley, Lee Davidson, Sylvester
Flood, Jon Hale, David Harrell, Michael Holt, Thomas Idzorek,
Paul D. Kaplan, Haywood Kelly, Grant Kennaway, Daniel Needham,
Don Phillips, Jeffrey Ptak, Hal Ratner, Christopher Traulsen
Contributors Alex Bryan, Sarah Bush, Christopher Davis, Monika Dutt,
Michael Finke, Glenn Freeman, Shannon Kirwin, Tom Lauricella, Dan
Lefkovitz, James Li, Zurab Margvelashvili, Kevin McDevitt, Rodney Nelson,
Wade Pfau, John Rekenthaler, Katie Reichart, Carl Richards, Russel
Kinnel, Sheryl Rowling, Ananya Roy, Jake Spiegel, Aron Szapiro, Emma
Wall, Ralph Wanger, Roger Wohlner, Michael Wu, Phillip Zhong
Art Director Alex Skoirchet
Designers Zach Sherwood, Paul Zdon
Illustrator W. Case Jernigan
Photographers Kimberly Genevieve, Christopher Lane, David Lees,
Andrew Spear, David Woolfall
Proofreader Mike Eiler
Publisher Leslie Marshall
Design Directors Jason Ackley, Renee Benz
Director of Advertising Sales Mary Uribe
Regional Sales Directors Dan Atkinson, Tony Lignelli, Stuart Roge
Morningstar, Inc.
CEO Kunal Kapoor
Managing Director, Design David Williams
Chief Marketing Officer Rob Pinkerton
Head of Brand Kristin Mateja
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Morningstar magazine is published bimonthly by Morningstar, Inc.,
22 W. Washington St., Chicago, IL 60602. An annual subscription
for delivery in the U.S. is $60. All exhibit data in this magazine is provided
by Morningstar and Ibbotson Associates unless otherwise noted.
© 2017 Morningstar. All Rights Reserved. The information contained
herein: (1) is intended solely for informational purposes; (2) is proprietary
to Morningstar and/or its content providers; (3) may not be copied
or distributed; (4) is not warranted to be accurate, complete, or timely;
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or losses arising from any use of this information. Past performance
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are registered marks of Morningstar, Inc.
Disclosure Morningstar licenses its indexes to certain providers,
including BlackRock Institutional Trust Company, N.A., First Trust, and
Deutsche Bank, for use in exchange-traded funds and exchange-traded
notes. These ETFs and ETNs are not sponsored, endorsed, issued,
or sold by Morningstar. Morningstar does not make any representation
regarding the advisability of investing in ETFs and ETNs that are
based on Morningstar indexes.

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Morningstar February/March 2017


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Table of Contents for the Digital Edition of Morningstar Magazine - February/March 2017

Contents
Morningstar Magazine - February/March 2017 - Cover1
Morningstar Magazine - February/March 2017 - Cover2
Morningstar Magazine - February/March 2017 - 1
Morningstar Magazine - February/March 2017 - 2
Morningstar Magazine - February/March 2017 - Contents
Morningstar Magazine - February/March 2017 - 4
Morningstar Magazine - February/March 2017 - 5
Morningstar Magazine - February/March 2017 - 6
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