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Eric Jacobson

Eric Jacobson

Eric Jacobson is a strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. As a senior member of the fixed-income team, he shares responsibility for determining coverage and research priorities. Jacobson focuses on a variety of taxable, tax-exempt, and nontraditional fixed-income strategies, including several from asset managers such as Pimco, PGIM, and Guggenheim. He has also covered strategies from BlackRock, J.P. Morgan, Fidelity, Goldman Sachs, TCW, Vanguard, Loomis Sayles, Putnam, T. Rowe Price, American Century, Eaton Vance, FPA, and American Funds. He is the team's lead analyst on Pimco and sits on the Morningstar Analyst Ratings Committee.

From 2006 through mid-2008, Jacobson was director of fixed-income strategies for Morningstar Indexes and was responsible for the design and launch of Morningstar's original suite of U.S., global, and emerging-markets bond indexes. Before assuming that role, he was a senior analyst, associate director, and fixed-income editorial director for the fund research team. Before joining the company in 1995 as a closed-end fund analyst, he worked for Kemper Financial Services.

Jacobson holds degrees in political science, Hebrew and Semitic studies, and integrated liberal studies from the University of Wisconsin. Follow Eric on Twitter: @MstarEJacobson


Mihir Worah says some changes to PIMCO's Investment Committee have been subtle and some obvious, including the incorporation of analytics, risk management, and specialist input into the process.

PIMCO's investment committee expects more sluggishness for the U.S. and global economy, the Fed to hike rates once or twice this year, and headwinds on U.S. dollar strength, says managing director Mihir Worah.

Core TIPS funds tend to hold longer-term bonds--bringing more interest-rate sensitivity and volatility--but newer, shorter-term TIPS funds have their own trade-offs.

Determining how your portfolio will respond to rate movements is far from an exact science, but investors should be mindful of why they're holding bonds in the first place, says Morningstar's Eric Jacobson.

Recent allegations have turned up the noise around PIMCO, but a bigger concern is whether the fund shop's new deputy CIOs can stand up to Bill Gross when needed, says Morningstar's Eric Jacobson.