In the January issue of our Bond Fund Intelligence newsletter, we recognize the top performing bond funds, ranked by total returns, for calendar year 2020. We present the funds below with our annual Bond Fund Intelligence Awards, given to the No. 1‐ranked funds based on 1‐year returns, through Dec. 31, 2020, in each of our major fund categories. The Top-Performing Long-Term bond fund (and fund overall) was Vanguard Long-Term Treasury Adm (VUSUX), which returned 18.41% over the year. PIMCO Real Return Inst (PRRIX) was the top Intermediate-Term bond fund; it earned 12.09%. The highest earning High-Yield bond fund was MetWest High Yield Bond I (MWHIX) which returned 11.77%. Guggenheim Macro Opportunities Inst (GIOIX) and T Rowe Price International Bond Fund (RPIBX) were the highest returning Global bond funds at 11.56% and 11.50%, respectively. Eaton Vance Short Duration Strategic Inc I (ESIIX) ranked number-one among Short-Term bond funds, returning 7.79% over the year, while Goldman Sachs Enhanced Income I (GEIIX) won the Conservative Ultra-Short section, returning 2.50%, while PIMCO Low Duration Inst (PTLDX) ranked first among Ultra-Short Bond Funds with a return of 3.41%. Finally, Federated Hermes Muni and Stock Adv A (FMUAX) returned 8.48% over the year, putting it at the top of Muni bond funds tracked by Crane Data. Contact us if you'd like to see the latest issue of BFI, the full rankings in our BFI XLS, or our Bond Fund Portfolio Holdings data.